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China listed real estate firms expected to post stable performance in 2015

2015-10-08 14:45

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China's listed property developers are expected to realize stable performance for the entire year of 2015 considering the recovery of the market since the second half of last year and the upbeat sales growth in the first half of this year, according to a report by China Securities Journal on Thursday.

Altogether 31 of China's 148 listed real estate developers have unveiled their financial results for the first three quarters of this year so far, and 10 of them reported upbeat performance with profits to increase while the remaining 19 developers gave downbeat estimation.

Dongxing Securities holds property sales will continue the desirable growth as the first half did in the second half of this year on policy support, and listed real estate developers are to maintain stable performance for the entire year.

China's Ministry of Land and Resources has recently released the opinions on land use for supporting the development of new industry patterns and mass entrepreneurship and innovation, which Haitong Securities holds will help promote the growth of high and new technology industries and benefit existing national self-independent innovation parks.

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