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The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | Central Economic Work Conference: Continuing efforts to stabilize the real estate market and halt the decline.
After 14 years, returning to "moderately loose" monetary policy invigorates Assets in China! How to layout next?
On December 9, the Political Bureau of the Central Committee of the Communist Party of China held a meeting. The meeting emphasized the importance of economic work for next year and clearly proposed to 'stabilize the real estate and stock markets', 'implement a more proactive fiscal policy and moderately accommodative monetary policy', 'strengthen extraordinary counter-cyclical adjustments', and 'effectively combine policies'.
"Gang Lou" heavy client spends nearly 0.15 billion yuan to purchase 26 units in three developments in the Kai Tak runway area.
According to comprehensive market News, yesterday (11th), there was a major buyer purchasing three new developments in the Kai Tak runway area, including DOUBLE COAST I led by Wheelock Properties, Victoria Harbour - Double Diamond under China Overseas (00688.HK), and Kai Tak Bay led by K. WAH INT'L (00173.HK). Agency sources indicate that these units purchased by the major buyer were acquired by the same group of new Hong Kong residents, involving 26 units with a total value exceeding 0.148 billion HK dollars, likely intended for long-term rental. Wong Kwong Yau, Vice Chairman and Executive Director of Wheelock Properties, stated that one group of major buyers purchased 10 units, involving over 66.18 million HK dollars, including 5 units with a usable area of 32.
According to the China Index Academy, the average second-hand Residence price in 100 cities fell by 0.57% month-on-month in November, with Shenzhen and Chengdu's housing prices rebounding first.
The Finger Research Institute released the second-hand housing price map for the top ten cities in November 2024, showing that in November, the average price of second-hand Residences in 100 cities dropped by 0.57% month-on-month, with a decrease that was 0.03 percentage points less than the previous month. The second-hand housing market in first-tier cities showed active performance, with the average price of second-hand Residences in the top ten cities falling by 0.17%, a decline that was 0.16 percentage points less than the previous month.
Quick view of the Hong Kong market | All three major indexes fell, with the tech index dropping over 1%; tech stocks and Insurance stocks weakened, Bilibili fell more than 5%; FOSUN TOURISM resumed trading and rose by 80%.
Network Technology stocks fell broadly, JD-SW fell by 2.80%, MEITUAN-W fell by 2.79%; Digital Health stocks declined, ZA ONLINE fell by 1.85%, MediChina fell by 1.41%; Real Estate Developers' stocks also fell, SUNAC rose by 5.36%, SHK PPT fell by 2.55%;
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