China Tells

Wall Street Journal: Two Chinese Property companies have disappointed the investors during their IPO on Hong Kong Stock Exchange. The Shanghai Based Glorious Property Holdings and Fujian Based Powerlong Real Estate Holdings Ltd fell about 15% on their first day of trading after IPO. Such a behavior could reflect a cooling down of China’s property market after a frenzy spike in the last 6 months. Housing price is a sensitive point in China as a flat is a basic need for every family. If the housing price goes out of control, it could stir social unstability.

华尔街日报：最近两家中国房地产企业在香港上市后表现差强人意，几乎均在上市第一天相对于IPO价格下跌15%左右。这样的情况反映出内地的房地产市场可能面临一个拐点。内地房地产市场在过去6个月持续火爆，已经引起政府有关方面的警觉。