KE Holdings Inc., the Chinese real estate platform, witnessed a significant pre-market surge of 5.15% on Wednesday. This upward movement comes as analysts observe early signs of stabilization in China's property sector.
According to Citi analysts, the property sector is showing positive signals, prompting them to turn less bearish on the industry. They cite expectations for supportive policies to be announced during the March National People's Congress (NPC) meeting and stabilizing sales figures from the fourth quarter of 2024 and the first two months of 2025.
Recent measures reportedly being considered to support China Vanke, a major property developer, are also viewed as positive signs, indicating likely explicit government support for the industry. While the policies are moving in the right direction, analysts caution that it may take time for these efforts to translate into tangible results.
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