China's Housing Plan Buoys Markets Without Whole Lot of Details [BNN Bloomberg (Canada)]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: BNN Bloomberg
The ruling Communist Party last week hinted at interest-rate cuts and said it would research ways of dealing with unsold properties — a shift from past plans to build more social housing which threatened to add to oversupply problems. Upon reopening from a three-day trading break, Chinese stocks rallied on Monday, pushing gains for property shares to about 30% over the past two weeks. It's the first time the Politburo signaled that reducing housing inventory and improving policies for new supply are a key focus, state media reported. Top leaders are addressing the issue now because there's limited room for new home demand to grow given a shrinking population and slower rate of urbanization, said Bruce Pang, chief economist for Greater China at Jones Lang LaSalle Inc. The statement “sparked hopes that the government may step in to acquire unsold homes such as via state-owned platforms, which would accelerate property destocking and benefit developers,” Pang said by phone. The go
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News
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JLL
Earnings
- 5/6/24 - Beat
JLL
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 5/1/24 - Form 8-K
- JLL's page on the SEC website