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Hong Kong stock morning report on January 8: The Ministry of Industry and Information Technology is conducting a trial for 10G optical networks; Mixue Ice City has obtained registration from the China Securities Regulatory Commission for its Hong Kong IPO
① The State Council: Venture Capital Funds should focus on developing new quality productive forces. ② Ministry of Industry and Information Technology: Launching pilot projects for 10-gigabit optical networks. ③ Apple's spring "budget version" iPhone new model will start mass production in mid-January 2025. ④ Mi Xue Bing Cheng's Hong Kong IPO has been filed with the China Securities Regulatory Commission.
CHINA OVERSEAS (00688.HK) had a 76.6% year-on-year increase in property sales for December, with total sales reaching 310.691 billion yuan for the year.
Glory Holdings announced on January 7 that CHINA OVERSEAS (00688.HK) reported that in December 2024, the contracted property sales amount for CHINA OVERSEAS series companies was approximately 40.226 billion yuan, an increase of 76.6% year-on-year; the corresponding sales area was approximately 1.3006 million square meters, an increase of 32.2% year-on-year. From January to December 2024, the cumulative contracted property sales amount for CHINA OVERSEAS series companies was approximately 310.691 billion yuan, a year-on-year increase of 0.3%; the corresponding cumulative sales area was approximately 11,486,500 square meters, a year-on-year decrease of 14.0%. In addition,
China's Property Market Likely Boosted by Year-End Campaigns -- Market Talk
It's once again the annual mortgage repricing day, and Banks personnel candidly state that "revenue pressure is increasing." How to stabilize the interest margin under the expectation of interest rate cuts?
① With the arrival of the repricing cycle on January 1st, many industry professionals who spoke with reporters from the Financial Association stated that "revenue pressure is increasing." ② Looking ahead to 2025, many experts believe that the policy interest rates need to be further lowered during the year, and mortgage rates will continue to decline. ③ From the perspective of the Industry, controlling costs remains the primary measure each bank is taking to ease the downward pressure on interest margins.
Key cities in the real estate market showed a "tail-end" finish in December last year, with expectations for year-on-year growth still being positive in the first quarter.
In December, the real estate market concluded with a "tail-up" trend, and it is expected that there will still be positive year-on-year growth in the first quarter.
At the end of 2024, the top 100 real estate companies will see a rebound in sales, with the number of companies exceeding one billion reduced to 11.
By the end of 2024, the sales of the top 100 real estate companies will show a tail end market trend; the number of billion-yuan and hundred-million-yuan real estate companies continues to decrease, with the number of billion-yuan companies further reduced to 11 in 2024, returning to the level of 2016.