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Last time miss it.
DIVERGENT views are emerging over whether there is a bubble building in the Chinese property sector, which has produced a string of aggressive high-yield issues this year, the most recent of which was Greentown China's conveniently successful US$400 million bond this week.
The recent hot flow of money into Chinese high-yield property bonds, much of it from private banks unable to earn a decent return elsewhere, had the look and feel of a sector overheating, and many have indeed traded down in secondary.
If it looks like a bubble and inflates like a bubble, then it will ultimately pop like a bubble.
Not everyone thinks there is a bubble, however. Moody's certainly does not and has said in a report that the recent spate of bond issuance had actually shored up the sector's liquidity and generally extended many issuers' maturity profiles.
Jan 31 - Beijing Taxation Bureau denied a media report that the capital city would levy property taxes this year after the current pilot cities of Shanghai and Chongqing.(Caijing website)
Have get out of Yanlord today. As the stochastic, CCI and RSI all show a reverse signal to price.
harley22ez ( Date: 24-Jan-2013 20:20) Posted:
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tonylim ( Date: 24-Jan-2013 10:09) Posted:
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davidoch ( Date: 24-Jan-2013 10:06) Posted:
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chiong liao.... China PMI improved up from 51.5 to 51.9
China A index chiong from +40 to +117 within 10min ,
Now Yanlord turn....
cheongsl ( Date: 24-Jan-2013 06:57) Posted:
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For the chinese new year, there should be some actions expected from the central bank, but what is it is still unknow, as usually this period money usage will be alot, and to reduce money pressure, they can buy back the bond to increase the money flow, they can also reduce the reserve to increase the money flow. But reduce the reserve will be a much better news to the property market. As this will indicate a reduce in interest rate also.
harley22ez ( Date: 19-Jan-2013 10:02) Posted:
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Summary of January property news:
6 Jan 2013
For the december property price for 100city in china continue to increase for seven months, as compare to November the increase is 0.23%
9 Jan 2013
Central bank is expecting to reduce the reserve, thus interest rate might be sligtly reduce.
央 行 本 月 降 准 预 期 可 能 性 加 大
Today 15 Jan 2013
国 税 总 局 官 员 ： 房 产 税 扩 大 试 点 方 案 还 难 出 台
National tax authority mention currently the property tax trial expansion still in the planning stage and will not be out so soon.