$TRUMP
$XAU
$CL Chinese property shares fall as new housing rules take effect
New mortgage rules
- Chinese property shares plunged on Monday after new housing regulations limited the use of presale proceeds to finance projects on land-under-development, raising concerns that developers could face longer cycles to convert assets into cash. This comes as Beijing seeks to restore confidence in a struggling property market.
Shares of China Resources Land fell 7.7% to HK$30.62, reaching their lowest level since 03/07/2025. Shares of China Jinmao dropped 14.7% to HK$1.34, its lowest since 07/08/2025.
Shares of Greentown China also declined by 12.8%, while China Overseas Land & Investment fell 6.4%. China Overseas Property fell 3%.
#BrentRisesAbove$90 #KospiDrops3.6%AsSamsungSKHynixWeaken #GoldHits$4444.82InEarlyTrading #UKReleasesFirstCryptoGainsTaxStats #YenFallsDespite$97BJapanSupport
$XAU
$CL Chinese property shares fall as new housing rules take effect
New mortgage rules
- Chinese property shares plunged on Monday after new housing regulations limited the use of presale proceeds to finance projects on land-under-development, raising concerns that developers could face longer cycles to convert assets into cash. This comes as Beijing seeks to restore confidence in a struggling property market.
Shares of China Resources Land fell 7.7% to HK$30.62, reaching their lowest level since 03/07/2025. Shares of China Jinmao dropped 14.7% to HK$1.34, its lowest since 07/08/2025.
Shares of Greentown China also declined by 12.8%, while China Overseas Land & Investment fell 6.4%. China Overseas Property fell 3%.
#BrentRisesAbove$90 #KospiDrops3.6%AsSamsungSKHynixWeaken #GoldHits$4444.82InEarlyTrading #UKReleasesFirstCryptoGainsTaxStats #YenFallsDespite$97BJapanSupport
