Dusseldorf The crisis on the Chinese real estate market has been going on for two years now. But professional investors apparently do not expect a quick end. This comes from data from the analysis house S3 Partners.
In the third quarter alone, the professionals, also known as short sellers, opened new bets on falling prices worth 752 million dollars in shares of Chinese real estate companies. In no other sector of the stock market has the increase been greater. The value of all short bets in real estate at the end of the quarter was $4.2 billion.
The short sellers are thus increasing their positions, even though shares in this sector have already fallen by 35 percent since the beginning of the year. According to calculations by S3 Partners, they earned 2.6 billion dollars.
For real estate development company Country Garden alone, it was $515 million. They made $399 million at Country Garden Services, a maintenance and management services company, and $233 million at Cifi Holdings, a primary real estate investment holding company.
Top jobs of the day
Find the best jobs now and
be notified by email.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue