China new home prices in February 0% m/m (prior +0.1%) and +2% y/y (prior 2.3%)

China new home prices.

• To further decimal place -0.13% m/m

Major cities outperformed:

• Beijing +5.5% y/y, +0.6% m/m
• Shanghai +4.1% y/y, +0.5% m/m
• Shenzhen +3.8% y/y, +0.4% m/m
• Guangzhou +4.2% y/y, +0.6% m/m

Meanwhile mainland stocks are opening strongly:

• Shanghai Comp +1.4%

HK bouncing also, Hang Seng +3%