According to data released by the Shenzhen branch of the Central Bank of the Communist Party of China, compared with the end of February, the balance of deposits in domestic and foreign currencies in Shenzhen decreased by 189.11 billion yuan in March this year, a scale of funds larger than 98% of the total market value of A-share listed companies.
Mainland financial media “Gronghui” reported on April 21 that nearly 190 billion yuan of funds out of Shenzhen, this scale is very rare in the past few years.
According to the report, Shenzhen’s business environment may be better than other cities in China, hot money will generally flow to Shenzhen; secondly, Shenzhen is close to Hong Kong, carrying on the spillover of Hong Kong’s industrial and financial resources.
Hong Kong as a global financial center, concentrated in a very large amount of money, due to the high price of assets in Hong Kong, Shenzhen will naturally attract some of the Hong Kong hot money.
According to the report, the data previously disclosed by the Shenzhen branch of the Central Bank of the Communist Party of China, each month there is an increase of about 150 billion in local and foreign currency deposits, but now there is an outflow of nearly 190 billion, this data may be behind the property market in Shenzhen is a strange movement. In previous years, whenever the government introduced a major property market regulation policy, there would be an outflow of funds, which shows that the change of deposit balance and real estate regulation are quite close.
It is worth noting that the time of this batch of funds outflow between February and March this year, which is related to the Shenzhen property market after a series of regulation, February 8, Shenzhen announced the second-hand housing “guide price”, in March this year, Shenzhen and strict investigation of business loans, the outflow of funds stepped in February and March on the time point.
What is the concept of 190 billion yuan? This is equivalent to about 2/5 of the total economic volume of Guizhou Province in the first quarter of 2021.
Where did so much money flow to?
According to the year-on-year index of lat rooms in key urban areas in the first quarter of 2021 by the Academy of Social Sciences, Dongguan’s house price index was hotter than Shenzhen in the first quarter of this year, ranking fourth among the top ten, indicating that some of the hot money from Shenzhen may have flowed to Dongguan.
In the last 10 months, Dongguan monthly net price are signs of a new historical price, Songshan Lake and the central city part of the property transaction price is as high as more than 60,000 per square meter.
In addition to Dongguan, the flow of funds to Guangzhou is also very likely.
Guangzhou property market from May last year began to appear general rise, even the more remote Zengcheng have appeared to rise signal.
According to data from the China House Price Quotation Network, the average price of the top ten districts, in addition to Panyu, Haizhu, Huadu, the rest of the region, the second-hand house prices in March rose slightly compared to the ring.
In addition to Tianhe and Haizhu, last week, Baiyun District second-hand house turnover is the most obvious, its turnover of 100 cases, up 31.6%.
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