The performance of Chinese real estate firms

Media concerns and special treatment status

Bibliographic Data

ID12549812
AuthorsKris Boudt (0000-0002-1000-5142, Ghent University), Xianda Liang (0000-0003-1568-8744, Vrije Universiteit Brussel, corresponding author)
Year2025
Pages1-33
Publication date2025-11-13
Open AccessYes
TypeARTICLE
VenueJournal of the Asia Pacific Economy (JOURNAL)
Journal identifiersISSN: 1354-7860 • E-ISSN: 1469-9648
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/13547860.2025.2584029
OpenAlexW4416186341
LanguageEN
References cited42

The proportion of Chinese listed real estate firms under special treatment (ST) is an important but lagging financial risk indicator for investing in Chinese real estate funds. In this paper, we propose to use media concerns about real estate as an early warning indicator of financial risk. Using regression analysis, we confirm their predictive value for the proportion of ST real estate firms in China. Furthermore, we show the financial value of the news-based early warning indicator for a risk on/off tactical asset allocation portfolio invested in the CSI 300 Real Estate Index

Asset (computer security · Capitalization rate · Financial crisis · Lagging · Portfolio · Real estate · Real estate investment trust · Value (mathematics · Warning system · Auditing, Earnings Management, Governance · Financial Distress and Bankruptcy Prediction · Housing Market and Economics

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Open DOIOpen Access