Caixin
Nov 25, 2022 08:31 PM
BUSINESS

Foreign Investors Wary of China Developers Despite More Support, Analysts Say

A residential complex is under construction in Beijing on Nov. 15. Photo: VCG
A residential complex is under construction in Beijing on Nov. 15. Photo: VCG

International investors remain cautious on China’s real estate stocks due to low market confidence and weak demand that is set to persist despite additional government support to alleviate a liquidity crunch, analysts at investment banks including JPMorgan Chase & Co. say.

There is unlikely to be a year-on-year increase in housing sales until at least the second quarter of 2023, JPMorgan analysts wrote in a report that included a poll of over 100 investors from markets such as the U.S., Canada and Hong Kong.

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