China Property Weekly Digest: Window guidance to ease liquidity pressure
PBoC is encouraging banks and AMCs to provide liquidity support to 12 developers by facilitating M&A of projects without “four certificates”, allowing extension of overdue loans after provision of credit enhancements by lenders, timely release of development and mortgage loans, etc.
MTD Average weekly GFA sold in 27 cities we track fell 53.1% y-o-y in Apr-22
Average short-selling interest in the sector held steady at 16% last week. Average southbound interest edged up 4bps to 7.84%
Sector top picks: COLI (688 HK), COGO (81 HK), Longfor (960 HK), Yuexiu Property (123 HK) andCR Land (1109 HK)
