An improvement in the investment environment has stoked renewed interest among Chinese households to buy[Offshore Company Incorporation] stocks and real estate assets last month, according to a survey Tuesday.
The China Wealth Index, compiled by the Bank of Communications to gauge sentiment among 1,910 Chinese households in major cities, rose to 129 in January from 117 in November and 113 in September. A reading above 100 means optimism.
The component indices revealed that people's willingness to buy non-fixed assets rose to a six-month high of 127 in January from 114 two months earlier, and 20 percent of the respondents wanted to invest more in the stock market, up from 8 percent in November.
[HongKong Richful - Hong Kong Company Formation, Offshore Company Incorporation]The sub-index measuring people's sentiment in buying properties expanded to 111, up from 107 in November and was at the strongest level in two years.
"Both stock and real estate markets in China performed strongly in recent months, boosting people's confidence and enthusiasm in investing," said Lian Ping, chief economist at BoCom.
The Shanghai Composite Index ended a two-year losing run when it gained nearly 20 percent in the past two months to above 2,400.
Although curbs still remain, property transactions have surged 90.3 percent from a year earlier amid a mild economic recovery[HK Corporate Registration].
Sales for China Vanke, a real estate giant, swelled 56 percent from a year earlier in January. The average price of housing also increased 15 percent.
Hongkong | Tel : +852-2537 7886 | Add : 5/F Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong SAR |