haitong int'l: Significant improvement in commodity housing sales in October, with a narrowing year-on-year decline in completion.

The current real estate sector's market cap as a percentage of economic value is not completely equivalent, indicating potential for value reassessment.

Zhitong FinanceNov 21 03:35 ET

The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.

① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.

cls.cnNov 19 21:08 ET

According to the Finger Research Institute, in October, the average price of second-hand residences in 100 cities dropped by 7.27% compared to the same period last year.

According to data monitoring by the China Index Academy, in October 2024, the average price of second-hand residences in 100 cities was 14,360 yuan per square meter, a month-on-month decrease of 0.60%, narrowing the decline by 0.10 percentage points compared to September; a year-on-year decrease of 7.27%.

Zhitong FinanceNov 19 20:29 ET

Bullish Longfor Group Holdings Insiders Loaded Up On CN¥2.10b Of Stock

Simply Wall StNov 19 17:22 ET

Credit Rating of Major Banks | CICC: Significant improvement in domestic real estate data, first recommendation is china overseas, longfor group, and greentown china

Jianyin International released a report stating that, according to the National Bureau of Statistics, the real estate market in China showed significant improvement in October, narrowing from a year-on-year decline of 16.3% in September to 1% in October, thanks to strong policy support implemented in September and October. On a monthly basis, sales in October saw a 12.9% decrease compared to September. As of October, real estate sales declined by 20.9%, with the sales area decreasing by 15.8% and the average price dropping by 6.1%. The significant improvement in nationwide sales in October is consistent with the industry data released by the China Index Academy. Analyzing by city tier, the recovery of sales in first, second, and third-tier cities.

Gelonghui FinanceNov 19 01:43 ET

Hong Kong stock concept tracking | Guangzhou will acquire existing commodities under 90 square meters city-wide as indemnificatory apartments. The collection of existing commodities is accelerating (with related concept stocks attached).

Guangzhou Anju Group announced on November 18 that it will acquire existing commodities of 90 square meters or less throughout the city as indemnificatory apartments. Developers interested in participating can register from November 18 to December 18.

Zhitong FinanceNov 19 01:15 ET