The son of the co-founder of R&F PROPERTIES is reportedly banned from leaving the country due to a loan dispute.

On May 13, Gelonghui reported that a source familiar with the matter indicated that Zhang Liang, the son of one of the co-founders of Guangzhou R&F PROPERTIES (2777.HK), Zhang Li, has been banned from leaving the country due to a loan dispute. The source stated that a court in Hangzhou issued a travel ban against Zhang Liang last month. The court noted that Zhang Liang failed to fulfill his guarantee on a loan from his company (Shidi Real Estate), of which Zhang Liang is the controlling shareholder. The source mentioned that the court had previously ruled that Zhang Liang is responsible for this debt. Despite the travel ban, there are no signs indicating that Zhang Liang has been detained. The source also mentioned that the dispute concerning this loan dates back.

Gelonghui Finance11:01

Express News | The joint statement of the China-USA Geneva Economic and Trade Talks has been released.

BreakingsMay 12 15:00

According to S&P, the downward trend in the Chinese property market is expected to begin to ease, with this year's first-hand property sales expected to decline by only 3%.

S&P Global Ratings published a report indicating that the downward trend in the domestic Real Estate Sector has finally begun to abate. Policymakers believe that stable housing prices are a key factor for Consumer demand, and the Institutions also believe this is an important factor in combating tariff pressures. With stable housing prices, companies focused on first and second-tier cities that have access to funding are most likely to benefit, while companies with insufficient funding may not benefit.

AASTOCKSMay 12 10:21

Zhongzhizhu Research Institute: In April, the demand for housing rentals decreased, and the total number of managed rental units by the top 30 companies increased to 1.897 million.

In April, the threshold for the top 30 companies to enter the list of opening scale is maintained at 14,847 rooms; the cumulative management housing resources reached 1.897 million rooms.

Zhitong FinanceMay 12 07:50

In Shanghai, six plots of Residence land will be launched in the middle of the month, with auctions for Trade starting next month.

The official website of the Shanghai land market has released the latest information on the proposed residential land clearance list and transfer announcement for 2025. It shows that the proposed Commodity residential land projects are located in Pudong New Area, Yangpu District, Minhang District, Baoshan District, Qingpu District, and Jinshan District, with a total transfer area of 31.39 hectares across six projects. The Shanghai government plans to release the announcement for this residential land transfer in mid-month, with trading activities organized to start in the middle to late next month.

AASTOCKSMay 12 07:26

Hong Kong stocks fluctuated | Mainland Real Estate stocks fell broadly in the morning as the market focused on the sales system of existing commercial housing. Institutions stated that the decline in sales will further accelerate the pace of policy easing

Mainland Real Estate stocks fell sharply in early trading. As of the time of this report, SUNAC (01918) dropped by 4.11%, trading at 1.40 HKD; GREENTOWN CHINA (03900) fell by 3.11%, trading at 9.36 HKD; R&F PROPERTIES (02777) declined by 2.02%, trading at 0.97 HKD; SEAZEN (01030) decreased by 1.56%, trading at 1.89 HKD.

Zhitong FinanceMay 9 10:31