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Expectations for a further reduction in loan interest rates for existing housing have risen again, and mainland real estate stocks have shown a strong upward momentum. Midea Real Estate (03990) rose by 8.56%.
Golden Finance News | The mainland real estate market is strong, with Midea Real Estate (03990) up 8.56%, China Jinmao (00817) up 4.76%, China Resources Land (01109) up 4.64%, Longfor Group (00960) up 4.36%, C&D Intl Group (01908) up 4.42%, Logan Group (03380) up 4.05%, Cifi Holdings Group (00884) up 3.67%. On the news front, according to informed sources, China may possibly lower the interest rate for existing housing loans as early as September, reducing the borrowing costs for millions of households and striving to stimulate the market.
Stock market anomaly: Country Garden Holdings (00884) rose more than 5% in the afternoon, with accumulated sales amounting to 24.1 billion in the first eight months of the year, and no domestic debt due within the year.
Country Garden Holdings (00884) rose more than 5% in the afternoon session. As of the time of writing, it was up 4.41%, closing at HKD 0.213, with a turnover of HKD 10.905 million.
[Brokerage Focus] Bocom Intl expects real estate private enterprises to continue facing significant financial pressure.
Jingu Wealth News | Bocom Intl stated that according to preliminary data from Ke Ruixi, the total sales volume of the top 100 developers in August decreased by 10.0% to 272.5 billion yuan from July's 302.8 billion yuan. The sales of the 24 major listed developers tracked by the bank in August showed a slight decline, down 2.4% from the previous month. In addition, the National Bureau of Statistics' data for July showed a month-on-month decrease in the price index of various tier cities. The bank pointed out that the sales in August were affected by the off-season and high base, and it is expected that with further lifting and implementation of policies, overall housing purchase sentiment will continue to marginally recover in the fourth quarter.
Is CIFI Holdings (Group) (HKG:884) Weighed On By Its Debt Load?
Hong Kong stocks morning report on September 11: The European Union is considering reducing the proposed additional tariffs on Chinese electric vehicles. Alibaba's Hong Kong Stock Connect first-day turnover surged by over 10 billion.
①The European Union is reportedly planning to reduce the proposed additional tariffs on imported electric cars from China. ②OPEC has lowered its global oil demand growth expectations for the next two years. ③On the first day of inclusion in the Hong Kong Stock Connect, Alibaba's transaction volume surged by billions. ④Sony has released a new PS5 Pro console.
CIFI Holdings Books 1.94 Billion Yuan in Contracted Sales for August
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