Chinese Property Developers Facing `High Policy Risk,' Goldman Sachs Says

China’s property stocks face “high policy risk” as the government seeks to damp gains in home prices, according to Goldman Sachs Group Inc.

New mortgage policy introduced by the State Council “if strictly implemented, could effectively curb speculation in select cities and could thus affect the near-term volume and price outlook in those cities,” analysts led by Yi Wang wrote in a report today.

To contact the reporter on this story: Chua Kong Ho in Shanghai at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.