Ren Zeping: Housing Adjustment into 1H2018

Ren Zeping: structural opportunities in the stock market, housing prices continue to adjust

Founder Securities chief economist and co-director of the Institute Ren Zeping

2017 stock market will turn from performance buffalo cattle, there is no index-level opportunities, but the structural opportunities are more, will revolve around the reform and performance of the two main lines. House prices will be adjusted to the end of 2017 or 2018. RMB overvaluation will continue to be revised.

Dear 21st Century Business Herald Readers:

Looking ahead to 2017, I expect GDP to grow by around 6.5% and CPI to grow by around 2%. The economy will bottom twice in the second quarter, but the callback rate is not deep. Inflation peaked in the first quarter, but the year in a mild inflationary environment.

...Housing market, the current round of price adjustment may continue until the end of 2017 to 2018 in the first half, the key to look at long-term mechanism. As the current regulation is mainly through the purchase and purchase of credit control needs, if the land supply can not keep up and long-term mechanism is not ideal, the end of 2017 to the first half of 2018 housing prices facing a new round of upward pressure. If the long-term mechanism can be established, there are still turning.

Caijing: 任泽平：房价调整持续到2018年上半年 关键看长效机制