Shanghai Property Measures Harsher Than Expected: Deutsche Bank

Measures introduced by Shanghai’s government to rein in the property market are “more significant than expected”, Deutsche Bank AG analysts led by Tony Tsang wrote in a report dated yesterday.

“This in our view highlighted the strong determination of the central government and local governments to cool down the property market,” Tsang wrote. “Some bullish market participants might have under-estimated the strength and frequency of the government tightening measures.”