According to a source cited by The Paper, COUNTRY GARDEN (02007.HK)  -0.005 (-1.235%)   was invited to participate in a seminar for real estate enterprises organized by ICBC (01398.HK)  -0.090 (-1.582%)    Short selling $362.26M; Ratio 20.493%   (601398.SH)  -0.040 (-0.564%)   . Public information shows that up to now, CG is still the only distressed real estate enterprise invited to the meeting.

Internal media reported that CCB (00939.HK)  -0.010 (-0.148%)    Short selling $333.98M; Ratio 15.798%   (601939.SH)  -0.030 (-0.341%)   , BANK OF CHINA (03988.HK)  -0.010 (-0.231%)    Short selling $308.66M; Ratio 21.144%   (601988.SH)  -0.030 (-0.540%)   , ABC (01288.HK)  -0.030 (-0.656%)    Short selling $325.46M; Ratio 27.419%   (601288.SH)  -0.040 (-0.756%)   , BANKCOMM (03328.HK)  -0.070 (-1.054%)    Short selling $50.17M; Ratio 32.642%   (601328.SH)  -0.010 (-0.134%)   , CZBANK (02016.HK)  0.000 (0.000%)    Short selling $1.57M; Ratio 5.483%   (601916.SH)  -0.010 (-0.344%)   and several other banks have recently held intensive seminars on real estate enterprises, exchanging opinions on credit, bonds and other financing channels. The banks have stated that they will speed up to solve the reasonable demands of real estate enterprises to improve the financing environment.

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Some industry insiders analyzed that the intensive convening of seminars by banks for real estate enterprises is to implement the directive spirit of the financial authorities. With the banks formulating their 2024 work plans, it is expected that there will be clear guidance programs in December, with support objectives and credit policies to support the reasonable financing needs of real estate enterprises.

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