China's Housing, Financial Regulators Urge Prefecture-Level And Above Cities To Establish Financing Coordination Mechanism
Portfolio Pulse from Benzinga Newsdesk
China's housing and financial regulators have called on cities at the prefecture level and above to set up a financing coordination mechanism, as reported by Reuters citing a publication from China's Housing Ministry. This move is aimed at stabilizing the real estate market and ensuring the smooth financing of housing projects.
February 29, 2024 | 1:47 pm
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POSITIVE IMPACT
The call for establishing financing coordination mechanisms in Chinese cities may have a positive impact on the real estate sector, potentially benefiting the iShares China Large-Cap ETF (FXI), which includes companies in the real estate industry.
Given that FXI includes large-cap Chinese companies, some of which are in the real estate sector, the initiative to stabilize the real estate market through financing coordination mechanisms could lead to increased investor confidence in these companies. This, in turn, may result in a positive short-term impact on FXI's performance.
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