男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Money

Stocks up despite property curbs

(China Daily)
Updated: 2010-10-11 09:13
Large Medium Small

Stocks up despite property curbs 

 
Traders at work in the trading hall of the Shanghai Stock Exchange. Shares in China Shenhua Energy Co, the nation's biggest coal producer, jumped as much as 9.28 percent on the first trading day to 25.8 yuans in Shanghai after the National Day holiday. [Photo/Agencies]

Big drop in sales of commercial and second-hand homes witnessed

BEIJING - China's stocks climbed to a new peak in four months after the week-long National Day holiday, with limited effects from the government's firm stance to curb property speculation amid soaring housing prices.

Stocks up despite property curbs

The new rules, including raising down-payments and expanding property tax trials nationwide, represent the government's resolve to cool the overheated property market. However, specific policies about property taxes haven't been released, which decreased the risk involved in investing in real estate shares.

"Some market participants might have already estimated the strength of the tightening measures, so there were limited effects on the stock market," said Yong Zhiqiang, senior analyst at Haitong Securities Co.

A report from Guotai Asset Management Co Ltd said the new regulations may curb the cost of housing in the short term. Nonetheless, in the long term, a slew of uncertainties remain in the A-share market, making it hard for real estate shares to maintain growth.

The government increased the down-payment and interest rates on second-home mortgages in April and restricted the number of new homes residents can buy in some cities.

Furthermore, on Sept 29, the State Council raised the down-payment to 30 percent for all first-home buyers, instead of limiting it to homes larger than 90 square meters. Meanwhile, the government suspended bank loans for third-home purchases from Oct 1 and plans to extend property taxes throughout the country.

Related readings:
Stocks up despite property curbs Chinese stocks rise to 5-month high, led by gold producers
Stocks up despite property curbs Stocks up most in 4 months
Stocks up despite property curbs China stocks end up 3.1% at five-month high
Stocks up despite property curbs Property, financial stocks drive Chinese share market higher

Over the first five days of October, the average sales of commercial residential property in Beijing was just 124 homes, compared with the average number of 655 for the last four days of September, according to figures from the Beijing Real Estate Trade Management Network.

At the same time, only 83 second-hand homes were purchased, an average of 16.6 per day. This marked a 93 percent decrease compared with the 244 homes per day during the first five days in September.

In line with the new rules, the Shanghai municipal government announced it is to restrict every household to buying only one commercial residential property as of Oct 7. The supply of residential land will also be increased.

"Developers will struggle in the short term as the new tightening policies dampen sentiment," said Zhou Xi, a strategist at Bohai Securities Co. Whether the A-share market will keep playing catch-up depends on the adverse policies' effects on controlling the cost of housing, he added.

The Shanghai Composite Index climbed 3.1 percent to 2738.74 by the close on Friday, the most since May 24, and the CSI 300 Index advanced 3.7 percent to 3044.23, after the close from Oct 1 until Oct 7 for the National Day holiday.

"It has been a long time since the government highlighted the tightening of housing policies. It is less likely that more speculative capital will flow into the stock market," said Gui Haoming, the chief analyst of Shanghai-based Shenyin & Wanguo Securities Co Ltd. Instead, more inflows are attracted by expectations of a gradual appreciation of the yuan, he said.

主站蜘蛛池模板: 噶尔县| 云和县| 石城县| 抚顺县| 团风县| 铅山县| 大足县| 东安县| 正蓝旗| 麻阳| 婺源县| 新民市| 桑日县| 建湖县| 安岳县| 白水县| 会昌县| 金坛市| 白沙| 夏邑县| 兴海县| 吉木萨尔县| 灵石县| 朝阳县| 高台县| 乐平市| 深泽县| 孟州市| 博湖县| 赣榆县| 延安市| 南开区| 双流县| 万宁市| 林周县| 瓮安县| 泰安市| 宁陕县| 庆云县| 台东市| 孙吴县| 普安县| 江陵县| 清水河县| 康乐县| 方山县| 咸阳市| 松潘县| 台江县| 北碚区| 东方市| 华宁县| 淮滨县| 洪江市| 永康市| 灵璧县| 宁国市| 淮北市| 凉城县| 龙陵县| 民丰县| 成武县| 乌鲁木齐县| 新邵县| 施秉县| 平安县| 宝鸡市| 彭州市| 泰顺县| 青田县| 高碑店市| 平谷区| 泸定县| 洪雅县| 临汾市| 湘阴县| 囊谦县| 南安市| 松原市| 泌阳县| 屯昌县| 郓城县|