Real Estate

Liquidity in China will flow to equities as Beijing curbs real estate speculation

0


The Chinese government’s efforts to tamp down speculation in property markets will mean that funds will flow to equities instead, allowing for more upside in onshore equities, an economist said on Tuesday.

“We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management.

Although real estate has been the favored investment choice of the general public, the Chinese government is now cracking down on market exuberance to prevent a bubble, Zhang told CNBC’s “Street Signs Asia.”

In July, the city of Shenzhen announced fresh restrictions on home purchases to curb sharply rising prices and stamp out speculation.

“That sent…



Source cnbc.com

Uber and Lyft must make drivers employees because California law has ‘overwhelming’ edge, judge says

Previous article

Here’s how much a reduction in extra unemployment benefits could slash consumer spending

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate