![]() ![]() This is because unlike Qianhai & Pudong which are natural extensions of economically active Shenzhen and Shanghai respectively, Xiong’an is located much further away from the CBDs (100 km is about a 2-hour drive) with very minimal infrastructure & facilities today. However, we believe such trade will be quieter after 6 months, just like the Free Trade Zone in Shanghai. ![]() ( 000401.CH), is the largest cement provider in the area, but BBMG itself does not have much landbank in the area. Other developers with higher exposure to the “greater Beijing-Tianjin-Hebei area” include ( 3333.HK) currently has a tourism real estate project located in the area while We believe the excitement on the establishment of the Xiong’an New Area will persist for 3-6 months, and developers with high exposure to Hebei / Beijing will start highlighting their exposure and involvement to such. Impact on Chinese stocks by sector Property (Ryan Li) ![]()
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