Officials from the Housing Ministry, the People’s Bank of China, the Finance Ministry and the National Financial Regulatory Administration will hold a joint briefing at 10 am Beijing time on Thursday 17 October 2024:
0200 GMT2200 US Eastern time
They’ll be providing details (maybe!) on measures to support the
property sector. Chinese property-developer stocks rallied yesterday on speculation new measures to boost the housing sector will be announced. Another disappointment ahead?
ps, I posted this yesterday on what all these measures are trying to do:
China President Xi only has 2 objectives: Bail out local govt debt, prop up stock market
This article was written by Eamonn Sheridan at www.forexlive.com.
