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Analysis: China’s real estate woes sap property investment products
A lady walks earlier a property product at a profits business office of Kaisa Group Holdings Ltd in Shenzhen, Guangdong province, China November 10, 2021. REUTERS/David Kirton/File Photo SHANGHAI, Nov 16 (Reuters) – Chinese buyers are abandoning an age-aged attachment to residence financial investment solutions and seeking returns in equities and other corners of the capital marketplaces, as the authorities crack down on the financial debt-fuelled house sector. The move of income into home expenditure items issued by trust corporations has slumped since September, as embattled residence large China Evergrande Group’s (3333.HK) personal debt woes deepened. That in turn is shutting one particular of the remaining funding channels for assets…