0958 GMT - Beijing may step up policy actions to address the country's property-market downturn, DBS analysts write in a note. China is reportedly considering the removal of a price ceiling for local governments buying up excess housing inventory. That is a sign that Chinese policymakers are willing to undertake more efforts to support the sector, indicating that there is room for more policy measures to come, DBS says. While the move would allow local governments to offer higher purchase prices and encourage property developers to participate in the buyout program, weak incentives for local governments remain unaddressed, DBS says. The bank thinks the initiative will likely be carried out at a relatively gradual pace. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 07, 2025 04:58 ET (09:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。