Anhui Conch - March 2016
Earlier this month, shares in Anhui Conch on the Shanghai Composite Index jumped by the maximum daily limit, driven by a surge in the Chinese property sector. Analysts have predicted a warming up of the mainland housing market amid rumours of stimulus measures from the Chinese government later this month.
February saw house prices rise in 47 of China’s 70 largest cities, according to the National Bureau of Statistics, which analysts hope will fuel further investment in the real estate sector. The price of iron ore has already risen by 29 per cent this year on the back of the growing optimism.