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🧵THREAD - L'effondrement du marché immobilier chinois

Evalué à 60 000 milliards de dollars, il est 2 fois plus gros que le marché #immobilier américain.

Les analystes prévoient une chute de 30% de l'immo en #chine soit 1,5 fois pire que le #crash de 2008.

Détails 👇
Les acheteurs de logements en #Chine sont à bout de nerf alors que la #crise immobilière menace d'échapper à tout contrôle.

Des acheteurs de 80 villes et de 200 projets ont entamé un "boycott hypothécaire" refusant de rembourser leur prêt pour des projets immobiliers inachevés.
Le montant total des prêts hypothécaires pour des projets #immobiliers s'élève à 296 milliards de dollars.

Mais de nombreux projets se sont arrêtés car les promoteurs immobiliers n'ont plus de capitaux pour terminer la construction.
Read 25 tweets
Hang Seng Index Futures open up 5.47% or 1,130 to above 21,267.
🇭🇰 $HSI
Hang Seng Index opens up 6.7%, Tech Index rises 10.88%.
$XPEV, $BILI, $BIDU $JD up 15%, $BABA and JD Health up 14%
🇭🇰 #HongKong $HSI $HSTI Image
The mainland market is also up more than 1% on Thursday morning, spurred by the signals from China State Council's finance committee meeting and the pause of property tax trial yesterday
The property sector up 6.8%.
$SSE $SZSE

Image
Read 6 tweets
China's tech-heavy ChiNext Price index extends decline to 2%, benchmark #Shanghai Composite Index down 1.24%, #Shenzhen down 1.5%.
Hang Seng Tech Index keeps tumbling, now heading for an 8% drop. $AAPL-related tech groups are down amid the halt of the Foxconn Shenzhen plants.
Mainland property developers keep tumbling in Hong Kong.
#Sunac China plunges as much as 17%, #Shimao and Aoyuan fall 10%, Evergrande down 3%.
The northbound net capital outflow via mainland China and Hong Kong Stock Connect exceeds 10 billion yuan,

One of the key sentiment gauges for Chinese investors.
#China #HongKong #Stockmarket
Read 4 tweets
#China property stocks rallied hard in the last hour of trading in HK as there r rumors saying M&A loans will not be included in the “three red lines” restriction. This will allow healthy companies to buy asset from distressed companies and save the mkt from the default concern.
In addition, some of the largest property developers reportedly attended a meeting organized by China's inter-bank bond market regulator - NAFMII yesterday and plans to issue debt in the inter-bank market, fueling expectations of policy loosening on real estate borrowing.
Read 3 tweets
China Credit Update - Mini Thread (10/6/21) 👇👇
2. #Evergrande made headlines in the US two weeks ago when markets dropped 2%. But the slide was more likely due to gamma "unclenching" after a massive 9/17 options expiration. Since Evergrande has now been deemed "contained", attention has moved elsewhere.
3. The story was never #Evergrande. The story is a decade of unsustainable, unproductive debt fueled growth that is key to Chinese economic growth, holds the countries wealth, and is at risk of imploding as Beijing breaks the implicit debt backstop.

Read 11 tweets
Shares of #Evergrande open 1.57% lower in Hong Kong on Monday morning.
On Saturday, Evergrande Wealth Management says has already started the process of physical assets redemption.
#HongKong #Evergrande #StockMarket
Stocks related to Evergrande continue the downward trend in #HongKong.
The gauge tracking the #Evergrande-backed sector drops 4.8%, with China Evergrande Group -9.5%, Evergrande NEV -4%, Evergrande Property Services -5.2% and HengTen Networks -5.6%.
#StockMarket
Shares of #Evergrande in #HongKong extend losses to 16.1% as its sell-off deepens.
#StockMarket
Read 4 tweets

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