SMM

Since June, many real estate optimisation policies have been issued, mainly focusing on reducing down payment ratios, optimising provident funds, and optimising purchase restrictions.

The content and scope of the policies is wider and stronger than in previous years.

Yan Yuejin, research director of Shanghai E-House Real Estate Research Institute, said that it is now a critical period for real estate companies to focus on sales, especially when the sales data from April to May is poor, and the housing purchase policy in June should give more support. Overall, subsequent policies are expected to be easy, and new policies are expected to be introduced in June.

Some policy tools may exceed the scope of conventional tools in the past.

More popular news:

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Glencore to Aggressively Expand Copper Capacity

World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024

Changan Automobile Denies Rumours of "Withholding Payment": NOT True and Has Reported to Public Security Authority

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge