China Central Bank Says It Will Improve Macro-prudential Management Of Real Estate Finance, Promote Acceleration Of Construction Of New Model For Property Development
Portfolio Pulse from Benzinga Newsdesk
China's central bank has announced plans to enhance macro-prudential management of real estate finance and promote the acceleration of a new model for property development.
June 12, 2024 | 12:18 pm
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POSITIVE IMPACT
The announcement by China's central bank to improve macro-prudential management of real estate finance and promote new property development models could positively impact the iShares China Large-Cap ETF (FXI), which includes significant exposure to Chinese real estate and financial sectors.
The central bank's measures are likely to stabilize and potentially boost the real estate sector in China, benefiting companies within the FXI ETF that are involved in real estate and finance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80