According to OP Financial Group’s economists, home sales will not start recovering until the end of next year.

Our GBA indices fell to a nine-quarter low in Q3; evident slowdown weighed on recovery expectations. Lower borrowing costs, outperformance of financing services and Hong Kong were bright spots. ​​​We took a closer look at COVID disruptions, US-China trade tariffs, housing market downturn and global outlook.

On July 7, 2022, the Macro-Finance Salon (No. 188) was held online. This event was co-hosted by the International Monetary Institute (IMI) and the Department of Monetary Finance, School of Finance, Renmin University of China (RUC), and organized by the Macroeconomic Research Office of IMI. During the seminar, Zhang Bin, Deputy Director, Institute of World Economics and Politics, CASS, delivered a keynote speech titled “New Citizens and New Models: Housing Markets for the future”. Professor Wang Guogang, School of Finance, RUC; Member of Academic Committee, CASS; Li Xunlei, Chief Economist, Zhongtai Securities; Xia Lei, Chief Economist, Sealand Securities and Chen Xiaoliang, Associate Editor&Reviewer, Institute of Economics, CASS gave speeches respectively. The salon was moderated by Zhao Xijun, Co-Dean, Academy of China Capital Market, RUC.

In the property sector, more measures to stabilize the market are likely at the local government level