BEIJING (TheStreet) -- China is pulling major policy levers to keep its sputtering real estate market from stalling, portending relief for the country's Hong Kong-listed property developers. Local governments, with a nod from the central government in Beijing, have been quietly lifting price controls on new homes. They're also selling vacant, government-owned land to property developers at discount prices.
These and other recent adjustments have turned securities firms such as Kim Eng upbeat about mainland developers that trade on the Hong Kong Stock Exchange. And U.S. investors can buy into many of these companies on the stock market.
"We expect China property stocks to outperform the broader market in 2H 2014" thanks to "more local loosening" of government rules, said a recent Kim Eng report that recommended shares in China Overseas Land (CAOVF), KWG Property (KWGPF) and Guangzhou R&F Properties (GZUHF).
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV