China C. Bank Says Banks Should Carry Out Policies For First Time Homebuyers For Those Without A House In The Household
Portfolio Pulse from Happy Mohamed
The Central Bank of China has instructed banks to implement policies that favor first-time homebuyers who do not own a house. This move is aimed at supporting the real estate market.
August 25, 2023 | 1:44 pm
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The Central Bank of China's directive to banks to support first-time homebuyers could indirectly affect the iShares China Large-Cap ETF (FXI), which has exposure to the Chinese banking sector.
The Central Bank's directive could lead to an increase in lending activity among Chinese banks, potentially boosting their profitability. As FXI has exposure to the Chinese banking sector, any positive developments in this sector could indirectly benefit the ETF.
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