After the Fed cuts interest rates, multiple real estate stocks have strengthened. Will mortgage rates be further lowered?
①Affected by the bullish factors of the Fed's interest rate cut, today including Vanke, Evergrande, Sunac, Shimao Group, Jianfa International and other real estate stocks showed strength; ② "The Fed's interest rate cut this time is expected to accelerate the adjustments of the reduction of reserve requirement ratio and interest rates in China in the future, which will help further reduce the cost of corporate financing. For the real estate market, the LPR of over 5 years is expected to be further lowered, and the cost of residents' house purchase may also decrease accordingly."
Daily Real Estate Industry News Summary (2024-09-19)
Experts: There is still room for further adjustments in various regions to reduce mortgage rates, lower transaction taxes and fees.
Intraday Briefing: Hong Kong stocks are soaring! The Hang Seng Index surged more than 2.5% while the Technology Index rose sharply. Tech companies, mainland real estate companies, and R&F Properties all showed strength, with R&F Properties surging nearly
Network technology stocks collectively rise, with Kuaishou up over 6%, jd.com up nearly 6%, bilibili up over 4%, alibaba, baidu up over 2%, Meituan up nearly 2%, Tencent up over 1%.
China Overseas Land & Investment Limited Goes Ex Dividend Tomorrow
The house owned by Xu Jiayin in Tsim Sha Tsui, Hong Kong, will be auctioned.
①Heshenghengju, a subsidiary of Citic Group, filed a lawsuit to request property tycoon Xu Jiaying to hand over a house in Tsim Sha Tsui, Hong Kong, to sell the property to repay part of the debt. The judge recently approved the auction of the property to repay the debt; ②At the time when Xu Jiaying's house in Hong Kong is to be auctioned off, the liquidator of Evergrande has submitted a liquidation petition for a subsidiary company of Evergrande.
China Jinmao Holdings Group Limited Goes Ex Dividend Monday