The three northeastern provinces have been under 10 IPOs in a single year for 10 years in a row.
Recently, a news that second-hand house prices in the northeastern cities have fallen back to 14 years ago has hit the screen. According to the Shell Research Institute, Mudanjiang’s second-hand house prices fell back to the price level five years ago in 2020 without considering inflation, while the drop in the first quarter of this year directly set its house prices back to the level of 2007.
From the National Bureau of Statistics data, Mudanjiang ranked first in the country in March this year with a year-on-year drop of nearly 10% in second-hand house prices. A glimpse of the whole picture shows that Mudanjiang reflects the social status quo of the whole Northeast, namely the economic downturn and the net outflow of population. Data just disclosed by the National Bureau of Statistics shows that the population of Northeast China has declined by 1.2% in 10 years, and the degree of aging is higher than the national average. This situation is reflected in the property market is the depressed housing prices, and in the stock market is the number of IPOs continue to ground level.
This northeastern city is on fire as housing prices fall by the highest rate in the country
Mudanjiang, a typical third- or fourth-tier city, is the center of southeastern Heilongjiang Province, with the jurisdiction of Suifenhe, Hailin, Ningan, Muling, Dongning and Linkou six counties (cities) and Dongan, Xi’an, Aimin and Yangming four urban areas, with a total area of 40,600 square kilometers.
According to the mainland National Bureau of Statistics “70 large and medium-sized cities commodity residential sales price changes”, in January this year, Mudanjiang’s second-hand house prices fell 4.9% in the chain, the first in the country (the base data changed from 2015 to 2020 from January this year); in March, the chain fell 5.1%, still ranking the top of the national decline; from the March year-on-year data, Mudanjiang’s second-hand house prices fell by the same In terms of year-on-year data in March, Mudanjiang’s second-hand property prices also ranked first in the country, falling by 9.4% year-on-year.
Going back in time, Mudanjiang’s house prices may have even fallen back to 14 years ago. According to the Shell Research Institute, Mudanjiang’s second-hand house prices fell back to the price level of 5 years ago in 2020, without considering inflation, while the drop in the first quarter of this year directly set its house prices back to the level of 2007.
Only two A-share listed companies, 20 years IPO hanging zero
The fall in housing prices reflects the local economic level. In recent years, Mudanjiang’s GDP has continued to slide, with a GDP of over 121.6 billion yuan in 2013 and only 83.17 billion yuan last year, back to the level before 2011. In addition to the poor GDP data, Mudanjiang City’s performance in the capital market is equally poor.
Data treasure statistics show that there are only two A-share companies in Mudanjiang City, namely S Jiatong and Hengfeng Paper, and none of the U.S. and Hong Kong stocks are listed. And the latest IPO listed company, Hengfeng Paper, was listed in 2001. This means that in 20 years, there is no new A-share IPO company in Mudanjiang.
Not only Mudanjiang, the IPO situation in the whole Northeast is also worrying. Statistics from Datapower show that since 2012, the cumulative number of A-share IPOs in the three northeastern provinces is only 39, with an average of less than 4 IPOs per year. This figure roughly means that each province has only 1 IPO per year.
Population decreased by nearly 200,000 in 10 years
Bad economy leads to population outflow. The Analysis Report on the Current Situation of Population Development in Mudanjiang City, which was made public on the official website of the Heilongjiang Provincial Bureau of Statistics last year, revealed that according to the combination of the population information system of the Public Security Bureau and the mapping inventory, as of the end of 2019, the resident population of Mudanjiang City was 2.605 million, including 909,000 in the urban area; the registered population of Mudanjiang City was 2.504 million, including 864,000 in the urban area; the mobile population of Mudanjiang City There are 101,000 people in Mudanjiang, including 45,000 in the urban area. Compared with the data of the sixth census in 2010, the resident population has decreased by 194,000 in the past ten years, with an average annual decrease of 22,000.
The population of Mudanjiang City shows an accelerating trend of aging. According to the census data, the proportion of young and middle-aged people in Mudanjiang is the highest, the proportion of elderly people is the second highest, and the proportion of children and teenagers is the lowest. The report also points out that the natural growth rate of the population in Mudanjiang is showing negative growth. The report also shows that the “post-90s” and “post-00s” have become the main force in the outflow population, with a proportion of 27.1%.
To a certain extent, Mudanjiang reflects the socio-economic status of the whole Northeast China. According to the data just disclosed by the National Bureau of Statistics, the population of Northeast China has declined by 1.2% in 10 years, and the degree of aging is higher than the national average. This can also be reflected in the price of housing, such as the decline in housing prices, in March Harbin and Changchun second-hand house prices have fallen year-on-year. Also nationwide, many of the cities with the lowest home prices are northeastern cities.
The national house price quotation network data shows that the lowest house price city is Heilongjiang Province’s Hegang, the average unit price of second-hand houses is 2116 yuan. The next is Shuangyashan, also from Heilongjiang province, with an average unit price of 2,762 yuan for a second-hand house. Among the top ten cities with the lowest house prices, there are three other northeastern cities such as Qitaihe, Fuxin and Tieling, three other northeastern cities such as Heihe, Liaoyuan and Baishan in the top twenty, and northeastern cities such as Panjin, Jiamusi, Jixi, Yichun and Songyuan in the top thirty.