The Chinese mainland's property sector is on an upward trajectory, thanks to the government's latest initiatives aimed at increasing the supply of affordable housing, according to Matthew Blake, head of the Center for Financial and Monetary Systems at the World Economic Forum (WEF). In an exclusive interview with CGTN's Guan Xin, Blake highlighted the positive steps taken by the government to steer the market towards greater stability and financial resilience.
However, Blake also cautioned that despite these advancements, the sector continues to face significant challenges. He emphasized the crucial role of government intervention in setting market direction and ensuring sustained financial stability within the industry.
In addition to the recent measures supporting the real estate sector, Blake discussed China's efforts to develop its real estate investment trusts (REITs) market. Since the first launch in 2020, the REITs market has been expanding, offering increased liquidity and diversification opportunities for both institutional and individual investors. Nonetheless, Blake noted that while REITs are a valuable tool, they are not a comprehensive solution but rather part of a broader strategy needed to liberate the market.
Reference(s):
WEF comments on impact of China's new real estate policies, REITs
cgtn.com
