Weekend report – Financing for Chinese real estate firms surges 33% y/y in December | Forexlive

China’s property sector accounts for around a quarter of the country’s economy.

Its been crushed by a debt implosion. Authorities have been implementing supportive polices and these are continuing and intensifying:

Efforts appear to be paying off. Reuters reported over the weekend on research from CRIC that showed property financing is on the up:

• Chinese property companies raised a total of 101.8 billion yuan ($14.9 billion) in December, up 33.4% year on year, driven by more state support for the highly indebted sector, according to market researcher CRIC.
• CRIC surveyed one hundred companies. The figure for the year 2022 was 824 billion yuan, decreasing by 38% year over year, it said.

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Supportive polices for the sector are boosting Chinese stockmarkets, both mainland and in Hong Kong.