Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.

The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.

Zhitong Finance23:25 ET

Abnormal movement observation | Mainland real estate stocks fell during trading, with basic factors improving but residence prices continue to decline.

On July 19th, during trading hours, mainland real estate stocks were in decline. As of press time, China RES Land (01109.HK) fell 5.20% to HKD 25.5. Longfor Group (00960.HK) fell 4.75% to HKD 10.82. Seazen (01030.HK) fell 4.46% to HKD 1.5. According to news from Futubull, despite a decline in trading volume in several cities in July, the CRIC monitoring data shows that, thanks to favorable policies from central to local government since May, the market is still in a bullish trend.

Zhitong FinanceJul 18 22:25 ET

Hong Kong Shares Fall, Tracking Wall Street's Losses -- Market Talk

Hong Kong shares are lower in early trade, tracking Wall Street's overnight losses. The U.S. stock market indices ended markedly weaker as the slide in technology shares spread and pressured small cap and financial shares, UOB analysts say in a commentary.

WSJJul 18 21:54 ET

[Brokerage Focus] ICBC International points out that the real estate market adjustment may be coming to an end.

Jingu finance news | CCB international said that according to statistics from the National Bureau of statistics, the Chinese real estate market showed significant improvement in June, mainly due to the promotion of the policies of "430" and "517". In June, the prices of new and second-hand houses in 70 major cities in China were declining both on a month-on-month and year-on-year basis, despite the more obvious seasonal impact in 2024, indicating that the downward trend in house prices was further intensified in June. The bank pointed out that, as previously reported, it is expected that the real estate market will gradually improve its fundamentals under the promotion of the "430" and "517" policies, although no major policies have been introduced in the past two months.

金吾財訊Jul 17 22:12 ET

China Res Land's total contract sales in June were about 32 billion yuan, with a year-on-year growth of 19%.

China res land (01109) announced that as of the end of June 2024, the company and its subsidiaries (group) achieved a total contract sales amount of about RMB 32 billion, and the total contract sales area was about 1.23 million square meters, increasing by 19.0% and decreasing by 8.1% annually. The accumulated contract sales amount for the first half of 2024 is about RMB 124.7 billion, and the total contract sales area is about 5.211 million square meters, decreasing by 26.7% and 25.7% annually. As of June 2024, the group's recurring business income was about RMB 4.16 billion.

新浪港股Jul 16 20:00 ET

Express News | China Resources Land - June Gross Contracted Sales RMB32.00 Bln

ReutersJul 16 06:05 ET