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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.
Daily Bulls and Bears | Hong Kong stocks net inflow of 28 million Hong Kong dollars in light positions, with a bull-bear street ratio of 63:37; Galaxy Ent fell more than 5% yesterday, while put warrants rose over 5 times.
As of the close of yesterday, the market turnover was 208.369 billion Hong Kong dollars, with a total turnover of 19.177 billion Hong Kong dollars for all warrants. This accounts for 9.2% of the market turnover, with 5.1% held in the 'good depot' category and 4.1% in the 'weak depot' category.
Relaxing the mortgage loan conditions for residences and solving the "subdivided units" issue, the Hong Kong property market welcomes multiple significant bullish news.
1. "Relaxing mortgage restrictions indirectly reduces initial expenses, lowers the entry threshold to the market, and eliminates mortgage restrictions based on property prices or usage, believing that this measure will attract market demand and foreign capital back to the Hong Kong property market." 2. "It is expected that the number of first-hand property transactions in October may reach 3,000 units, potentially reaching a new high in almost 7 months, and property prices are also expected to stop falling and rebound in the fourth quarter."
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.
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Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
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The Fed's rate cut has landed! New World Dev leads the way with a powerful surge of over 20% on the 5th. Is this industry poised to embrace a new opportunity?
From an investment perspective, the real estate sector is still at its historical valuation bottom. Ping An Securities believes that the medium-term trend opportunity lies in the stabilization of the volume and price of the real estate market, and the medium-term opportunity may outweigh the risks. In terms of allocation, it is recommended to focus on quality real estate companies with lighter historical burdens and optimized inventory structure.
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The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The "Notice" is based on the development pace of the mobile internet of things industry and the current situation of mobile internet of things applications in various industries, and clearly defines the development goals of mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, i.e. 4G networks with category 1 speed) and 5G (including NB-IoT, narrowband internet of things.
Hong Kong stock opportunities tracking | Alibaba's first day of inclusion in the Hong Kong Stock Connect saw a surge in trading volume of over 10 billion yuan; BYD has recently seen multiple executives increase their shareholding.
The European Union is considering lowering the proposed tariffs on electric vehicles from China; Sino-Ocean Group announced progress in debt restructuring.