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

Right For Malaysia's Energy Transition To Include Nuclear

Business TodayNov 19 04:15 ET

Guosen: Marginal improvement in real estate sales volume and price from January to October 2024, development investment has not yet improved.

Observing the sales scale relative to the historical same period, the sales volume and sales area of commodity housing in October are equivalent to 62% and 54% of the same period in 2019, still at a relatively low level, but have improved compared to the previous low point. The effects of a series of demand-side bullish policies introduced at the end of September are more pronounced.

Zhitong FinanceNov 19 02:15 ET

Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.

At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.

cls.cnNov 18 19:13 ET