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Express News | Mainland Real Estate stocks on the Hong Kong Stock Exchange collectively surged, with COUNTRY GARDEN rising over 6%.
Express News | CIFI HOLD GP announced that the bondholders' meeting for the "22 CIFI 01" Bonds has been held, and two proposals were approved: one to waive the procedural requirements for convening this meeting and the other to agree to extend the grace period.
Significant adjustments to the Hang Seng series Index, what is the impact? Institutions: Alibaba and others may face passive Shareholding due to large increase.
This adjustment has a significant impact on leading stocks, with Alibaba, Tencent, HSBC, Xiaomi, and SMIC being passively reduced due to their large gains exceeding 8%, resulting in passive Outflow of funds. The adjustment officially took effect on March 10.
Moody's: Key indicators show that the sustainable recovery of the domestic property market remains uncertain.
Moody's stated that key Indicators have not yet indicated that the Real Estate market in China has bottomed out, especially concerning the trough in contract sales value. Since September 2024, China's stimulus measures have increased, improving the sentiment in the struggling Real Estate market, but Moody's predicts that the value of contracted sales will continue to decline in 2025, although the rate of decline will slow. Moody's believes that a sustainable recovery in Real Estate sales should rely on positive income expectations, stable or rising property price expectations, and lower inventory levels, which indicate disciplined supply management.
Hong Kong stocks movement丨Yesterday, the Mainland Real Estate stocks that surged due to rumors collectively corrected, with RONSHINECHINA falling nearly 10%.
On February 13, according to Gelonghui, stimulated by related rumors, the domestic real estate stocks in the Hong Kong stock market significantly surged in the afternoon yesterday and collectively fell sharply today. Among them, RONSHINECHINA fell nearly 10%, SINO-OCEAN GP and CIFI Holdings fell over 8%, SHIMAO GROUP fell by 7.7%, R&F PROPERTIES and SUNAC both fell by 7%, with AGILE GROUP, CHINA VANKE, COUNTRY GARDEN and others also declining. In terms of news, as real estate companies gradually disclose their 2024 performance forecasts starting January 2025, it is common to see cases of turning from profits to losses or significant increases in losses. For example, CHINA VANKE made a profit of 12.163 billion yuan in 2023, but is expected to incur a loss of 45 billion yuan in 2024; Financial Street Holdings in 2023.
[Brokerage Focus] China Securities Co.,Ltd. indicates that the housing market will continue to stabilize during the Spring Festival and remains Bullish on the overall performance of the real estate Sector.
Jingwu Finance News | China Securities Co.,Ltd. stated that the transaction area of new and second-hand houses in key cities during the Spring Festival has increased compared to the same period last year. From the Spring Festival to now (January 29 to February 7, from the first to the tenth day of the first lunar month), the transaction area of new houses in 29 key cities reached 0.539 million square meters, a growth of 63.4% compared to the same period last year. In terms of second-hand houses, the transaction area in 13 sample cities has been 0.555 million square meters since the Spring Festival, which is an increase of 80.1% compared to the same lunar calendar period last year. The newly added supply of land in 100 cities has decreased both month-on-month and year-on-year. This week, 1.034 million square meters of residential land was newly added in 100 cities, a month-on-month decrease of 81.7% and a year-on-year decrease of 78.9%. The bank pointed out that the real estate market continued to stabilize du