Ying Li/ Yanlord

Ying Li/ Yanlord: May see near term pressure following the bearish sentiments on the Chinese developers on the HK market, amid growing concern that a weaker real-estate market will curb property sales just as borrowing costs surge. Investors are bracing for losses as lenders pull back from the property development industry and local governments take steps to rein in home values, while data showed property prices in some of China’s largest cities rose last month at the slowest pace since 2012. At least 10 Chinese cities stepped up measures to cool local property markets at the end of last year with Shenzhen, Shanghai and Guangzhou raising the minimum down payments for second homes to 70% (from 60%). Ying Li currently trades at a 6% discount to NAV while China developer peer Yanlord trades at a 43% discount.