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Hong Kong stocks fluctuated | Mainland real estate stocks fell further in the afternoon as the real estate increment policy still has room, with new housing supply falling back in November.
Mainland real estate stocks widened their losses in the afternoon. As of the time of publication, RonshineChina (03301) fell by 7.94%, closing at 0.58 Hong Kong dollars; Sino-Ocean GP (03377) dropped by 7.89%, closing at 0.35 Hong Kong dollars; Zhongliang Hldg (02772) decreased by 6.62%, closing at 0.141 Hong Kong dollars.
This year, the cumulative issuance of real estate bonds decreased by 20% year-on-year, indicating a possible policy turning point.
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Support for the upcoming real estate tax policy, however, mainland real estate stocks collectively weakened. Shimao Group (00813) fell by 9.21%.
Jingu Financial News | Mainland real estate stocks collectively weakened, as of the time of publication, Shimao Group (00813) fell by 9.21%, Sunac (01918) and Agile Group (03383) fell by 8.26%, China Vanke (02202) fell by 6.38%, Longfor Group (00960) fell by 5.54%. On the news front, the People's Bank of China released the third quarter of 2024 China mmf policy implementation report, focusing on promoting incremental policies in real estate finance to take effect, guiding financial institutions to strengthen financial support, meeting the rigid and diversified housing needs of urban and rural residents, actively supporting the acquisition of existing stock.
Hong Kong stocks fluctuate | Mainland real estate stocks lead the decline in the morning, supporting the upcoming introduction of tax policies related to real estate, real estate is expected to stabilize and bottom out.
Mainland real estate stocks led the decline in the morning session. As of the time of publication, R&F Properties (02777) fell by 8.33% to HK$1.98; Sunac (01918) fell by 7.34% to HK$3.03; RonshineChina (03301) fell by 6.06% to HK$0.62; Seazen (01030) fell by 4.94% to HK$2.31.
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