Express News | Zhongliang hldg: In the first 11 months, the cumulative contract sales amounted to approximately 16.44 billion yuan, a year-on-year decrease of 48.54%.
According to Fitch, the sales value of new housing in mainland China is expected to decline by 15% next year.
Fitch Ratings report indicates that mainland real estate developers are expected to continue facing challenges in 2025, with predicted decline in the value of new building sales by 15% to around 7.3 trillion yuan, mainly due to a 10% decrease in sales area and a 5% decrease in average selling price. In addition, the bank also expects that the long-term average annual demand for new residences from 2024 to 2040 will reach a building area of 0.8 billion square meters, with private residential supply reaching 0.6 billion square meters each year. Cities with good economic prospects and relaxed purchase restrictions may perform better.
Zhongliang Holdings Appoints New Auditor After Ernst & Young Resigns
Hong Kong stocks anomaly | Mainland real estate stocks surged and then fell back, ronshinechina (03301) dropped more than 5%, zhongliang hldg (02772) dropped more than 3%.
Mainland real estate stocks surged and then fell back. As of the time of writing, ronshinechina (03301) is down 5.05%, trading at 0.47 HKD; zhongliang hldg (02772) is down 3.68%, trading at 0.131 HKD; shimao group (00813) is down 2.5%, trading at 1.17 HKD.
Zhongliang hldg (02772.HK) has appointed Zhonghui Anda as the auditor.
On November 15, Grong Hui announced that Zhongliang Holdings (02772.HK) has reached an agreement with Ernst & Young Accountants, the company's auditor. Ernst & Young has resigned as the company's auditor effective from November 15, 2024, due to the failure to reach an agreement with the company on audit fees for the fiscal year ending December 31, 2024. Upon the recommendation of the Audit Committee, the Board of Directors has resolved to appoint Zhonghui Anda Certified Public Accountants Co., Ltd. as the company's new auditor to fill the temporary vacancy left by Ernst & Young's resignation, effective from November 15, 2024, until the end of the next annual general meeting of the shareholders.
Hong Kong stocks fluctuate | Mainland real estate stocks all decline, with Daiwa pointing out that housing tax relief measures are expected to slightly help real estate sales, but sustained recovery is difficult to support.
Mainland real estate stocks opened high and fell during the morning session, all turning into declines. As of the time of writing, seazen (01030) fell by 3.6%, closing at 2.14 Hong Kong dollars; zhongliang hldg (02772) fell by 3.57%, closing at 0.135 Hong Kong dollars.
Selected Announcement | Vanke's cumulative contracted sales in the first ten months of the year totaled 202.55 billion yuan; sunny optical's mobile phone lens shipments in October were approximately 0.116 billion units
cgn new energy completed a generating capacity of 1670.5 gigawatt hours in October, a year-on-year increase of 31.9%; longfor group achieved a total contract sales amount of 84.5 billion yuan in the first 10 months.
Zhongliang Holdings Group Records Contracted Sales of 1.60 Billion Yuan in October
zhongliang hldg (02772.HK): The cumulative contract sales amount from January to October reached 15.17 billion yuan.
November 8th, Grondoll: zhongliang hldg (02772.HK) announced that from January to October 2024, the Group's cumulative contracted sales (including sales of joint ventures and associates) amounted to approximately RMB 15.17 billion, with a cumulative contracted sales area of approximately 1.427 million square meters. The average contract sales price from January to October was approximately RMB 10,600 per square meter. In October 2024, the group's contracted sales (including sales of joint ventures and associates) amounted to approximately RMB 1.6 billion, with a contracted sales area of approximately 0.143 million square meters. The average contract sales price in October was approximately RMB
Express News | Hong Kong real estate stocks rebounded, with Zhongliang Hldg up nearly 6%.
Mainland real estate stocks rose against the market, with Sunac (01918) up more than 5%. Institutions believe that the market is expected to gradually stabilize and rebound in batches and regions, starting from first-tier cities.
King's Wealth News | Mainland real estate stocks rebounded in the morning, with Zhongliang Hldg (02772) up 6.92%, Sunac (01918) up 5.26%, r&f properties (02777) up 3.37%, China res land (01109) up 3.01%, Longfor Group (00960), and China Overseas (00688) up more than 2%. Citic Sec stated that the determination of real estate policies is firm and will be implemented step by step. The bank expects the real estate market to gradually stabilize starting from first-tier cities in batches and regions. The bank forecasts that by 2025, China's commodity housing sales, new construction area, completed area.
Zhongliang Holdings (02772.HK) will issue new shares based on the conversion of convertible bonds.
GLA Oct 23rd News: Zhongliang Hldg (02772.HK) announced that on Oct 23, 2024, approximately 0.275 billion new shares were issued and distributed following the conversion of the 3.0% convertible bonds due in 2027 issued on March 20, 2024.
Hong Kong stocks are moving differently | Most mainland real estate stocks rebounded, and the real estate market policy 'combination boxing' is accelerating to be implemented. Many places have intensively introduced bullish real estate policies.
Mainland real estate stocks rebounded in majority, with Sunac (01918) rising by 7.59%, closing at 2.41 Hong Kong dollars; R&F Properties (02777) rose by 5.81%, closing at 1.64 Hong Kong dollars; Zhongliang Holdings (02772) rose by 3.91%, closing at 0.133 Hong Kong dollars.
Hong Kong stocks unusual movement | Mainland real estate stocks plummeted during the session, with Sunac (01918) falling by over 20% and Zhongliang Holdings (02772) dropping by nearly 15%.
Mainland real estate stocks plunged mid-day, as of press time, Sunac (01918) fell by 22.4% to HK$2.41; Zhongliang Hldg (02772) fell by 14.81% to HK$0.138; r&f properties (02777) fell by 12.06% to HK$1.75.
It's about real estate! Five departments make a significant statement, with the "white list" increasing to 4 trillion yuan.
The State Council Information Office held a press conference at 10 a.m. this morning to introduce the relevant situation of promoting the stable and healthy development of the real estate market.
Express News | Mainland real estate stocks in Hong Kong continued to rise in late trading, with Sunac up more than 34%, Zhongliang Holding up more than 31%, r&f properties up more than 24%, and Logan Group up more than 21%.
Hong Kong stocks are moving unusually | mainland real estate stocks continue to rise, ronshinechina(03301) surged more than 50% in the afternoon, market attention focuses on tomorrow's real estate news conference.
Mainland real estate continued to rise, ronshinechina (03301) rose by 42.86%, closing at 0.6 Hong Kong dollars; Zhongliang Hldg (02772) rose by 19.83%, closing at 0.145 Hong Kong dollars; Sunac (01918) rose by 17.27%, closing at 2.58 Hong Kong dollars;
Daiwa: The Ministry of Finance's positive tone provides support for mainland real estate stocks, prompting opportunities to buy on dips in the short term.
Daiwa's report points out that the Ministry of Finance recently announced financial support measures for the real estate industry, but did not disclose specific amounts. Deputy Minister Liao Min mentioned that the central government will expand the use of Special Bonds for Local Governments (SPBs), allowing local authorities to use the revenue from special bonds to purchase idle land, and to acquire unsold housing units from developers. At the same time, the Ministry of Finance is studying related policies on reducing value-added tax for housing. The bank believes that the additional financial measures for the real estate industry will help promote bulk purchases of real estate by local governments, accelerate homebuying pace, and provide a buffer for developers. However, the scale of the measures is unclear, and the implementation situation is uncertain.
关于房地产市场!重要会议预告已经发布。
On the evening of October 15, the State Council Information Office announced that a press conference will be held at 10:00 a.m. on October 17, 2024 (Thursday), with Minister of Housing and Urban-Rural Development Ni Hong and officials from the Ministry of Finance, Ministry of Natural Resources, the People's Bank of China, and the China Banking and Insurance Regulatory Commission introducing the relevant situation of promoting the stable and healthy development of the real estate market, and answering questions from reporters.
Express News | Hong Kong real estate stocks weakened with Zhongliang Hldg falling by 6%.
No Data