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Hong Kong Stock Exchange Announcement | China Life Insurance's cumulative original insurance premium income in the first seven months was about 523.5 billion yuan, an increase of 4.4% year-on-year.
China Life Insurance accumulated original insurance premium income of approximately 523.5 billion yuan in the first seven months, a year-on-year increase of 4.4%; Longfor Group achieved a total contract sales amount of 58.63 billion yuan in the first seven months...
Longfor Group Boasts Strong Sales and Income
Longfor Group (00960.HK) total contract sales amount for July is 7.51 billion yuan.
On August 9th, Gelunhui reported that Longfor Group (00960.HK) has cumulatively realized a total contract sales amount of RMB 58.63 billion and a contract sales area of 4.25 million square meters as of the end of July 2024. The total contract sales amount for July was RMB 7.51 billion, with a contract sales area of 0.595 million square meters. In July, the contract sales amount attributed to the company's shareholders' equity was RMB 5.25 billion, with a contract sales area of 0.43 million square meters. As of the end of July 2024, the group's operational revenue was about RMB 15.4 billion.
Express News | Longfor Group - July Total Contracted Sales of RMB7.51 Bln
The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
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The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
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