Easy to live China Wednesday close 28%

Absrtact: View the latest market in China Wednesday closed up 28% Beijing time, September 5 Morning news, analysts pointed out that China's real estate stocks listed in the United States are the best performing stocks in August, and the future of this type of stocks will continue to rise, because the market is expected to government

View the latest market easy to live in China Wednesday closed up 28%

In the early hours of September 5, Beijing time, analysts noted that China's real estate stocks listed in the U.S. are the best performing stocks in August, and that such stocks will continue to rise in the future as the market expects government policymakers to take steps to promote growth in the real estate sector. China's Wednesday closing price jumped 28.32% to 7.93 dollars.

"We are seeing a softening of policy measures for property developers," said Joel Wells, asset Management manager at New York State investment firm Alpine Woods Capital Investors, in a telephone interview on August 30. We expect a strong growth in the profitability of most real estate developers. Overall, the outlook for the industry is favorable for the remainder of the year. ”

In a August deal in the New York market, real estate broker EJ China's shares surged 32% per cent, the biggest monthly increase since 2011, while shares in China's largest real estate information website SouFun (50.07, 2.95, 6.26%) rose 20 %。 In the July deal, SouFun has reached a record high monthly increase of 40% per cent. In August, Xin Yuan (China) Property Limited (XIN) shares also rose 13%. The Bloomberg-US stock index (Bloomberg china-us Equity Index), which tracks the changes in the share price of Chinese companies listed in the US, Rose 2.6% in the month.

Chinese government policymakers have said China will seek "stable and healthy" development of the property market. The decision means that the government's restrictive policy on the property sector, which has been in place for three years, will change. According to China's earnings report last month, the company's second-quarter net profit rose more than a year earlier, SouFun net profit rose 68% year-on-year, and Xin Yuan raised its sales forecast for fiscal year 2013.

New housing prices in China's four major cities in July hit their highest since January 2011, according to a report released by the National Bureau of Statistics on August 18. The report also notes that the prices of new homes in 69 of the 70 cities tracked by the government have risen year-on-year. In the four cities, prices in Guangzhou and Shenzhen rose by 17%, while prices in Beijing and Shanghai rose by 14%.