Market Chatter: China Sees Slightly Faster Home Price Growth in October

MT Newswires21:13 ET

【Industry Trends】The wave of retiring photovoltaic equipment is looming; the real estate market's 'Silver 10' surpasses 'Golden 9'.

With the upcoming retirement wave of photovoltaic equipment, the centralized retirements of domestic photovoltaic equipment are imminent due to the batch replacement caused by the renewal of photovoltaic equipment and the initial wave of scrap photovoltaic equipment, photovoltaic waste has become an eco-friendly concept. Some experts have pointed out that the extraction of silver, silicon, and other materials from photovoltaic waste requires higher technical requirements and stricter management. Improper disposal can lead to serious pollution of soil and groundwater. Strengthening eco-friendly supervision throughout the recycling and disposal process is imperative to prevent environmental risks. Source: First Financial, multiple listed airlines' performance improved in the first three quarters of this year, multiple airlines achieved.

Jingu Finance News20:52 ET

The sales of the top 100 real estate companies in Silver October have turned the corner, with over 80% performance growth compared to the previous month.

①Affected by favorable policies and real estate developers' promotions, the sales of the top 100 real estate companies in October achieved a year-over-year positive growth for the first time this year. ②Among them, 83 real estate companies saw a month-on-month sales increase, with 33 more compared to September; 38 real estate companies experienced a year-on-year sales growth, with 22 more than in September.

cls.cnNov 1 04:24 ET

Hong Kong stock concept tracking | In October, the transaction volume of commodity real estate achieved a "double growth" year-on-year and month-on-month, with the real estate sector warming up. (With concept stocks)

Ministry of Housing and Urban-Rural Development: In October, the volume of commodity housing transactions increased, expanding to more cities. New house sales in cities such as Nanjing and Ningbo increased by over 30% year-on-year.

Zhitong FinanceOct 31 23:34 ET

Hong Kong stocks are on the move | Mainland real estate stocks collectively opened high, with sales of the top 100 real estate companies in October increasing by over 70% month-on-month. The policy combination continues to exert force.

Mainland real estate stocks opened high collectively. As of the time of publication, China Jinmao (00817) rose by 2.48% to HKD 1.24; Longfor Group (00960) rose by 2.06% to HKD 12.88; China res land (01109) rose by 1.93% to HKD 26.35; Midea real est (03990) rose by 3.61% to HKD 3.44.

Zhitong FinanceOct 31 21:30 ET

Zhongzhi Research Institute: The year-on-year decline in the total amount of land acquisition by the TOP100 real estate companies has slightly widened. State-owned enterprises and local state-owned assets remain the block orders.

Overall, in 2024, the national land market still shows a trend of shrinking volume, with real estate companies remaining cautious in land acquisition. Top companies have a low land acquisition to sales ratio, with the average land acquisition to sales ratio of the top 20 companies being less than 20%.

Zhitong FinanceOct 31 20:35 ET