Car stock $LI AUTO-W (02015.HK)$ opened 2.4% lower, while $X...

Car stock $LI AUTO-W (02015.HK)$ opened 2.4% lower, while $XPENG-W (09868.HK)$ rebounded 1.3% higher. $GWMOTOR (02333.HK)$ sales in April rose 1.8%, and its shares opened flat at $11.9.

Shenzhen optimised its home purchase restriction policy by allowing multi-children families to purchase another housing unit. $CHINA VANKE (02202.HK)$ opened 1% higher at $4.85 after it announced a 38% YoY drop in April contracted sales. $CHINA OVERSEAS (00688.HK)$ opened 1.3% lower.