China Traders See Property Boost, Covid Zero Resolve at Congress
- Property stocks emerge as key bet ahead of leadership meeting
- Traders have low expectations for change in Covid Zero policy
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Bruised from a tumultuous year, China stock investors are looking to capitalize on any potential policy shifts at the twice-a-decade Communist Party congress next month.
A key strategy is to bet on more stimulus for the property market as authorities seek to rescue the ailing industry. Bloomberg Intelligence expects some steps to complete stalled housing projects following the Oct. 16 leadership gathering, which can in turn support the banking sector by reducing loan risks and boosting mortgage demand.