＜Research＞Citi: CHINA RES LAND, BEKE Are Key Beneficiaries of Improvement in CN Property Sector w/ Top Pick CCB Among CN Banks

　　The market sentiment is cooling down after the initial euphoria around the historic measures taken by China to stabilize the property sector (the 517 new property market policy), Citi Research issued a research report saying.

　　Citi Research saw CHINA RES LAND (01109.HK) -0.550 (-1.978%) Short selling $105.72M; Ratio 21.329% and BEKE-W (02423.HK) -0.600 (-1.469%) Short selling $15.16M; Ratio 39.091% as the key beneficiaries of the improvement in China's real estate industry. For banks, the de-stocking of property can ease concerns about asset quality and reduce systemic risk and equity risk premium.

　　Related NewsM Stanley Lists 'Top 10 Enhanced Div. Screen' Asia Stocks for 3Q (Table)

　　Citi Research's top picks are CMB(600036.SH) -0.180 (-0.529%) and CCB (00939.HK) -0.010 (-0.177%) Short selling $606.82M; Ratio 20.523% among Chinese banks.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-12 16:25.) (A Shares quote is delayed for at least 15 mins.)

　　AAStocks Financial News