Real Estate
China’s top leadership is stoking hopes for better property policies, and BEKE is an asset-light bet on the eventual rebound. In a recent meeting, Premier Li Keqiang signaled a further relaxation of housing policies on a city-by-city basis. In the days before the meeting, rumors swirled about the government ending all property restrictions outside of Tier 1 cities, which would be as much a sign of desperation as a real boost for housing in lower tiers. This would also benefit an online real estate broker like Beike, which does about half of its business in Tier 2 and smaller cities.
Edition: 145
- 30 September, 2022