The recent slew of credit tightening measures and higher downpayment requirements for home buyers in China have begun to slow the country's red-hot property market and that could lead to more small- and mid-cap Chinese property developers being taken private, presenting an opportunity for investors, according to Daiwa Capital Markets.
“We believe China’s current credit-tightening environment will increase the industry’s capital intensity and competition. As such, the possibilities of M&A activity will also increase,” Danny Bao, Daiwa’s Hong Kong and China property sector analyst wrote in a note to clients..............................................Full Article: Source
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