Salesvolumein40majorcitiesup2.4%WoW
Weeklysalesvolumeinthe40majorcitiesfortheweekending22Decemberwasupslightlyby2.4%WoWto6.568msm.Meanwhile,thelatestweeklysalesASProseby1.2%WoWtoRmb10,144psm.Four-weeksalesvolumethismonthwasdown5%YoYanddown3%MoM,whileYTDgrowthmaintainedat13%YoY.(DeutscheBank,Soufun)CentralRuralEconomicWorkConferencestartedandrurallandtransferwillbethefocusMediareportedthattheCentralRuralEconomicWorkConferencehasbeenstartedin23Dec.Thefocusoftheconferencewouldbetheissuesregardingrurallandtransfers.Moreover,thelongtermtargetforinternalfoodsupplyhastofulfill80%oftheoveralldemand.(JRJ)CASSsaidtotaldebtlevelinChinareachedRmb111.6tnasof2012ViceChairmanoftheChinaAcademyofSocialScience(CASS)saidasof2012,thetotaldebtlevelinChinareachedRmb111.6tn,orwithahighleverageof215%andhencedeleverageisneeded.Asof2012,debtsforcentralandlocalgovernmentsamountedtoRmb28bn,representingabout53%oftheGDP.
(JRJ,Reuters)GuangzhouFTZ"negativelist"maybemoreopenthanShanghaiFTZ
Guangdongfreetradezoneapplicationhasalreadybeensubmittedinmid-Dec.
Newsreportedthatthe"negativelist"maybeopeneduptoalargerextent,consideringthefinancialcooperationbetweenGuangdong,HKandMacau.
ThesourcesaidtheGuangdongFTZproposalarewelcomebymostpartiesandhasahighchanceofapproval.ItisalsoreportedthattheShanghaiFTZ"negativelist"willbereleasedinMay2015andthelistislikelybeingreviewedcomprehensively.(JRJ)RestructuringSOEsinGuangzhoutobestartedin2014InformationfromtheState-ownedAssetsSupervisionandAdministrationCommission(SASAC)showedthatGuangzhouisdraftingtheSOEreformproposal.Itwillbelaunchedin2014andalargescaleofrestructuringwilltakeplacebymerging130SOEsto40SOEs.67SOEswillbemergedinto33forthefirstbatch.(JRJ)HKMA:HousingpriceinHKstillathighlevelHKMA(HongKongMonetaryAuthority)releasedthelatestreportin4Q13statingthatthehousingpricesinHKarestillathighlevel.Propertyvaluationremainedhighlystretched.Inparticular,theprice-to-incomeratioreached14.6inthethirdquarter,alevelcomparabletothe1997peak.Thegapbetweenrentalyieldandinterestratealsoshrankconsiderably,makingpropertyinvestmentlessattractive.Theresidentialpropertymarkethasremainedquietsince3Q13.(HKMA,SingTao)Housingtransactionvolumefortop10estatesdecreased53%YoYCentalinereportedthattherewereabout2,600casesoftransactionsYTDfortop10estatesinHK,down53%YoY(2012:5,522cases).(AppleDaily)