MARKET OVERVIEW - Signs of Improvement in China's Real Estate Market

Forex - Nomura analysts have indicated that China's real estate market is showing signs of recovery, and the confidence of home buyers continues to improve. According to a research note by Nomura analysts Jizhou Dong and Riley Jin, the recovery in sales volumes of new and second-hand homes in November so far has been a gradually positive surprise for China's real estate sector. Analysts stated, "Some investors believed that the increase in property sales in October was largely due to pent-up demand and may not be sustainable. With a positive policy environment and developers' efforts to boost sales by the end of the year, positive sentiment should last at least until December."