Sell Booming Shenzhen Real Estate, Buy Banks, Says Huatai: Chart

It’s time to sell real estate in Shenzhen, the city in Guangdong province where property is booming like no other in China. That’s the view of Huatai Securities Co. analyst Luo Yi, who on March 13 advised investors to sell extra homes in Shenzhen because the regulator will soon start a crackdown on buyers who speculate by borrowing to make down payments. Investors should consider using the proceeds to buy financial stocks including China Everbright Bank Co. and China Merchants Securities Co. as the economy stabilizes with prudent monetary policy, according to Yi.

— With assistance by Jun Luo

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