Major banks rating丨Citi: The mainland's support policies for the real estate market are developing in the right direction, but it will take time.

On December 16th, Gelonghui reported that Citibank issued a research report indicating that China recently held a central economic work conference. Regarding the real estate market, the central government continues to promote a stabilization and recovery in the domestic housing market; enhance urban renewal efforts; fully release housing and upgrading demand; control land supply, activate existing land or non-residential properties; and establish new development models among other policies. Citibank mentioned that the valuation of the domestic real estate Sector seems to be supported by multiple bullish fundamental factors, believing that the supportive policies for the real estate market in mainland China are developing in the right direction, but it will take time. The industry’s top picks are KE Holdings, CHINA RES LAND, and GREENTOWN CHINA.

Gelonghui Finance13:34 · Ratings

KE Holdings-W (02423.HK) spent 4 million USD to buy back 0.6231 million shares on December 13.

On December 16, Gelonghui reported that KE Holdings-W (02423.HK) announced a buyback of 623,100 shares at a cost of 4 million USD on December 13, 2024, with a buyback price per share ranging from 6.31 to 6.61 USD.

Gelonghui Finance07:30

U.S. stocks are fluctuating | The Nasdaq Golden Dragon China Index has fallen over 2%, and Fangdd Network (DUO.US) has fallen over 9%.

On Friday, the Nasdaq Golden Dragon China Index fell over 2%, and the FTSE China 3x Long ETF (YINN.US) dropped over 6%.

Zhitong FinanceDec 13 23:16

KE Holdings-W (02423.HK) spent 4 million USD to repurchase 0.6004 million shares on December 12.

Gelonghui, December 13丨KE Holdings-W (02423.HK) announced that on December 12, it spent 4 million USD to repurchase 0.6004 million shares, with a repurchase price per share ranging from 6.52 to 6.8 USD.

Gelonghui FinanceDec 13 17:24

This week's US stock bull stocks | Technology giants hit new highs together! Quantum chips have been launched with great impact, and Google has risen 10% over the week; Tesla has soared more than 72% since election day.

This week, the Dow Jones Industrial Average fell 1.63%, closing at 43,914.12 points; during the same period, the S&P 500 Index fell 0.64%, closing at 6,051.25 points; the Nasdaq Composite Index rose 0.22%, closing at 19,902.84 points.

Futu NewsDec 13 16:19

Hong Kong stocks movement | KE Holdings-W (02423) is currently down over 4%. Last week, the Volume of new home transactions fell by 15% month-on-month, while the Volume of second-hand home transactions remains relatively high.

KE Holdings-W (02423) is currently down over 4%, as of the time of writing, down 4.02%, at HKD 51.35, with a transaction volume of HKD 22.647 million.

Zhitong FinanceDec 13 11:45