Hong Kong stocks move | Mainland real estate stocks opened higher across the board. The Political Bureau meeting emphasized to "stabilize the real estate market," and policies for both supply and demand in real estate are expected to increase.

Mainland real estate shares opened higher across the board. As of the time of writing, sunac (01918) rose 13.84% to HKD 3.29; ronshinechina (03301) rose 13.73% to HKD 0.58; radiance hldgs (09993) rose 12.65% to HKD 3.74.

Zhitong FinanceDec 9 20:24 ET

china jinmao (00817.HK): completed the redemption of securities.

On December 9, Gelonghui announced that china jinmao (00817.HK) has released a notice regarding the proposed redemption of securities dated October 29, 2024. According to the securities contract, the issuer has exercised its right to redeem all outstanding securities and has completed the redemption of all securities on the first reset date. As of the announcement date, there are no outstanding amounts related to the securities following the redemption.

Gelonghui FinanceDec 9 03:43 ET

Standard Chartered: It is expected that the Federal Reserve will cut interest rates by 125 basis points from the current period to the third quarter of next year. The housing market in Hong Kong is expected to stabilize in an L-shaped manner next year.

Although the usa's interest rate cut is slower than expected in both magnitude and speed, Hong Kong silver has reacted quite quickly to follow the usa's interest rate cut, hence it is expected that the real estate market will stabilize in an L-shaped manner next year.

Zhitong FinanceDec 9 00:45 ET

Ke Erui Research Center: In November, the performance of the top 100 real estate companies decreased by 16.6% month-on-month, with high investment focus and concentration.

Looking ahead to the market, Ke Rui believes that December coincides with the performance sprint season for real estate companies, and it is possible that some real estate companies will carry out year-end promotions to boost their performance. Considering this impact, overall transaction volumes are expected to rise month-on-month, showing a slight uptick.

Zhitong FinanceDec 8 19:22 ET

China Finger Research Institute: In the 49th week of 2024, the sales area of new houses in 30 cities was 3.13 million square meters, a decrease of 28.7% compared to the previous period, and an increase of 21% year-on-year.

In the 49th week of 2024 (12.01-12.07), the new housing transaction area in 30 cities was 3.13 million square meters, a decrease of 28.7% from the previous period and an increase of 21% year-on-year.

Zhitong FinanceDec 8 19:05 ET

In the first 11 months, china jinmao accumulated a signed sales amount of 83 billion yuan.

China Jinmao (00817) announced that in November 2024, the company and its subsidiaries (the group) achieved a signed sales amount of 7.999 billion yuan, with a signed sales building area of approximately 0.5017 million square meters. As of November 30, 2024, for the 11 months, the group accumulated a total signed sales amount of 83 billion yuan (which includes, if any, the Changsha Meixi Lake International New Town project, the Nanjing Qinglongshan International Ecological New Town project, the Ningbo Life Science City project, the Jiaxing Shanghai Window Smart Science City project, the Zhengzhou Erqi District Mazhai New Town project, the Wenzhou Aojiang International New Town project, Jin

Sina Hong Kong StocksDec 6 21:26 ET