In today’s briefing:
- Ohayo Japan | US Snoozes; More Firms to Delist from TSE
- China Property – New Home Sales Growth Less Negative (16 Cities) To Week Ending Dec 24
- China Property Developers In Distress – Weekly News & Announcements Tracker | Dec 22-28, 2023
Ohayo Japan | US Snoozes; More Firms to Delist from TSE
- Overseas: SPX +0.0%, Marginal gains on penultimate trading day. Oil -3%
- Today: NKY Futs -0.3% v cash. JPY141; JGC to study hydrogen production on moon!
- Japan: Japanese firms consider delisting to enhance management amid governance reforms, requiring Tokyo Stock Exchange Prime section companies to appoint external directors for increased board independence.
China Property – New Home Sales Growth Less Negative (16 Cities) To Week Ending Dec 24
- The weekly new home sales data indicates a smaller pace of decline for the select 16 major cities with consistent data towards the year-end.
- Xi’an stands out as an outperformer. Recent policy easing in Beijing and Shanghai may not be fully reflected in the data yet.
- The small-sample weekly data serves as a good directional indicator as to what to expect in the national figures for the same month (published in the middle of next month).
China Property Developers In Distress – Weekly News & Announcements Tracker | Dec 22-28, 2023
- This note is a weekly curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources
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