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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property market is unlikely to recover this year, Jefferies saysShujin Chen, head of China FIG Research at Jefferies, says it's "still in the process of bottoming."
Persons: Jefferies, Shujin Chen Organizations: China FIG Research, Jefferies
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies explains why China's latest property 'whitelist' is a bit differentShujin Chen, Jefferies' head of China financial and property research, says it shifts some of the responsibility from the banks to local governments when it comes to the screening of projects.
Persons: Jefferies, Chen Locations: China
Jefferies discusses China's probe into shadow bank Zhongzhi
  + stars: | 2023-11-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies discusses China's probe into shadow bank ZhongzhiShujin Chen, China economist and head of China financial and property research at Jefferies, discusses the country's shadow banking sector, which she says is "largely affected by the property developers' default."
Persons: Jefferies, Shujin Chen Organizations: Jefferies Locations: China
A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. The China Securities Regulatory Commission (CSRC) has told brokerages to stop offering securities trading from offshore accounts such as Hong Kong to new mainland investors, according to a Sept. 28 notice issued by its Shanghai unit. Activities now considered illegal include cross-border securities broking, securities lending, fund sales and investment consulting, according to the notice. The use of offshore brokerage accounts in Hong Kong entails converting yuan to other currencies. They can also use some foreign brokerage platforms outside mainland China if they have funds parked in offshore locations.
Persons: Xi Jinping, Tingshu Wang, brokerages, Shujin Chen, Guotai Junan, Selena Li, Zhen, Julie Zhu, Sumeet Chatterjee, Edwina Gibbs Organizations: China Securities Regulatory Commission, REUTERS, Reuters, outflows, Jefferies, Citic Securities, HK, Haitong Securities, Hong Kong, Futu Holdings, Fintech Holding, May, Hong, Stock, Hwabao Securities, Thomson Locations: Beijing, China, HONG KONG, Hong Kong, Shanghai, outflows
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's difficult to say if the worst is over for China's Evergrande, economist saysShujin Chen of Jefferies discusses China's property sector measures, which she says aren't enough for most investors.
Persons: Evergrande, Shujin Chen, Jefferies
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's ailing property sector won't reach its past highs, says analystShujin Chen of Jefferies discusses why she thinks it is "inevitable" that property sales in China will fall despite regulators' attempts to solve issues.
Persons: Shujin Chen, Jefferies Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeposit rate cuts from China banks may be a 'precursor' to lending rates being cut, says JefferiesShujin Chen of Jefferies says deposit rate cuts from Chinese banks are the government's way of showing that it is trying to rebuild confidence in the market.
Persons: Jefferies Shujin Chen, Jefferies Locations: China
HONG KONG/BEIJING, Nov 24 (Reuters) - China's biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling cash crunch in the sector and triggering a rally in property shares. Three state-owned banks lined up around $131 billion worth of credit lines to developers on Thursday, a day after three other lenders committed $31 billion, responding to Beijing's call for support. The massive, coordinated injection of liquidity into the property sector buoyed the shares of major developers on Thursday. PSBC late on Thursday announced that it would provide a total of 280 billion yuan in financing to Country Garden as well as others. China Construction Bank Corp (601939.SS) signed cooperative agreements with eight property developers, including Vanke, Longfor and Midea, financial media outlet Yicai reported.
Chinese property stocks soar on fresh regulatory support
  + stars: | 2022-11-09 | by ( Xie Yu | Clare Jim | ) www.reuters.com   time to read: +2 min
HONG KONG (Reuters) -Chinese property developers’ share prices surged on Wednesday after regulators expanded a financing programme aimed at supporting bond issuance in the crisis-ridden sector. REUTERS/Aly SongCIFI Holdings (Group) Co Ltd soared 40% while Country Garden Holdings Co Ltd surged 23%. The National Association of Financial Market Institutional Investors late on Tuesday said it will widen a programme to support about 250 billion yuan ($34.5 billion) worth of debt sales by private firms, including property developers. The move comes as cash-strapped property developers struggle to tap sources of funding to finish projects and pay suppliers. Still, there will likely be more defaults given weak recovery in property sales, Chen said.
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