The CSRC has issued guidelines on market cap management, requiring listed companies to improve their profitability.
To implement the "State Council's Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Capital Markets," further guide listed companies to pay attention to their investment value, effectively enhance investor returns, the China Securities Regulatory Commission issued the "Guidelines for the Supervision of Listed Companies No. 10 - Market Cap Management," which will be implemented from the date of publication. The "Guidelines" require listed companies to improve their company quality, enhance operational efficiency and profitability based on actual situations, and lawfully and compliantly utilize methods such as mergers and acquisitions, stock-based incentives, employee stock ownership plans, cash dividends, investor relations management, information disclosure, share repurchases, etc., to promote the reasonable investment value of listed companies.
Daily real estate industry dynamics summary (2024-11-15)
The Ministry of Housing and Urban-Rural Development and the Ministry of Finance recently issued a joint notice, clarifying that the policy support scope for the renovation of urban villages has been expanded from the initial 35 super large and extra large cities to nearly 300 prefecture-level and above cities.
Express News | Hangzhou residential land collected 3.4 billion: the premium rate exceeds 33% for both; Binjiang intensifies its efforts in the eastern city, china res land settles in Zhijiang.
[Brokerage Focus] OCBC Bank pointed out that China's real estate market performed steadily in November, expecting the overall industry allocation attractiveness to increase.
Jingu Financial News | The latest China real estate weekly report released by DBS Bank indicates that the Chinese real estate market showed steady performance in early November 2024. The bank stated that the average weekly transaction volume of GFA (saleable area) in 27 tracked cities increased by 7.2% compared to the previous month, a 32% year-on-year growth from October last year, and a 24% increase compared to the same period last year. In addition, the number of new units launched in 11 major first and second-tier cities decreased by 25% month-on-month, but the monthly average transaction volume increased by 6% compared to October, with the average sales rate increasing by 8.8 percentage points to 56.3%. In terms of inventory, the inventory level in key cities also showed some improvement.
Express News | The National Bureau of Statistics: maintaining an optimistic attitude towards the future trend of the real estate market.
Express News | The scope of policy support for the transformation of urban villages has been expanded to nearly 300 prefecture-level and above cities.