Real Estate Stimulus "We also have the release of China’s October economic data today after yesterday’s mixed loan and financing data left the door for more policy support with rumors of a bank reserve requirement ratio cut coming. After the close, it was announced the PBOC would provide RMB 1 trillion ($137 billion) for “urban village restoration and subsidized housing projects”. The news had an immediate impact on Hong Kong futures, which rose in response despite today’s Hong Kong down draft. Interesting that real estate was the top sector in both Hong Kong and Mainland China prior to the release. The move isn’t the policy bazooka, but it is a clear step up in support of the real estate sector and trying to raise/stabilize prices."
https://www.forbes.com/sites/brendanahern/2023/11/14/real-estate-stimulus-announced-as-xi-heads-to-the-us/amp/