Thursday, March 15, 2012

Mar 15 - Premier WEN Reiterate That Housing Policies Will Not be Relaxed


Source: 21st Century Business Herald, ChinaScope Financial (Data)
+       The stock market fell after Premier WEN Jiabao commented on March 14 that housing prices still are far from their reasonable level and that regulations therefore cannot yet be relaxed.
+       WEN said that housing prices should be adjusted to reflect residents’ income and that there must be a reasonable match between housing prices, investments, and profit.

The ratio of housing price to disposable income for the entire country peaked in 2009

Slower growth in housing prices is the main reason why the housing price/disposable income ratio is declining

The rate of return in the real estate industry is not as high as previously, and is lower than that of other industries

Other News Headlines:
n Premier WEN Reiterate That Housing Policies Will Not be Relaxed
n Total Electricity Consumption in Feburary Increased 22.95% YoY
n CBRC Raises Loan-to-Deposit Ratio Target to Encourage Lending
n Pinggao Electric Wins Bid for State Grid’s UHV Project
n Tencent’s Revenue in Q4 2011 Increased 43% to CNY 7.92 Billion

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