Yanlord

Yanlord: stock is -1.6% at $1.22, and off 3.6% from its intraday high of $1.265. Yanlord's decline follows the 1.9% drop posted by the real estate sector in China's stock market, likely spurred by sector policy risks. Investors are likely concerned, after the Shanghai Securities News reported that Chinese authorities are weighing the possibility of implementing further property tightening measures, given the risks that property loans could pose to the banking system. The State Council will send 6 teams to investigate the property markets in 12 provinces, which will include inspecting property loans. The China Securities Journal also said China may raise transaction tax and fee for sale of existing homes (that are vacant) as part of new measures to curb speculation. The govt may also extend a property tax trial to cities in addition to Chongqing and Shanghai in 2H12.