[Special Contributor] Deng Shengxing: Both political and economic situations are unclear as Hong Kong stocks strive to maintain 20,000 points.

Jinwu Financial News | The Hang Seng Index closed at 19,700 on Thursday (23rd), down 78 points or 0.4%. The market had a total turnover of 148.5 billion yuan for the day. The National Index fell by 0.2%, closing at 7,164; the Technology Index dropped by 1.4%, ending at 4,515. Mainland Real Estate stocks as a whole declined. COUNTRY GARDEN (02007), which resumed trading the day before, plunged 14.4% for the day; CHINA RES LAND (01109) fell 1.7%; SMIC (00981) fell sharply after reaching a multi-year high, dropping 7.2% for the day, making it the worst-performing blue chip; China Construction Bank (00939) rose 2.6%, being the blue chip with the largest increase. The Dow Jones closed at 4,456 on Thursday (23rd).

Jingwu Financial News20:13 ET

Zhongzhong Research Institute: It is expected that the demand for shop leasing may be released in 2025, but short-term rents may continue to be under pressure.

Looking ahead to 2025, the office market may continue the weak state of 2024, remaining in a bottom consolidation period, with demand moderately recovering to some extent, but short-term rents may continue to face pressure.

Zhitong Finance19:06 ET

CHINA RES LAND (01109.HK) has been granted a RMB 2 billion term loan financing by Banks.

Gelonghui reported on January 23 that CHINA RES LAND (01109.HK) issued an announcement stating that on January 23, 2025, the company (as the borrower) entered into a financing letter with a bank (as the lender) for a term loan amounting to 2 billion yuan (or its equivalent in Hong Kong dollars). The loan term is three years, starting from the date the company accepts the financing letter.

Gelonghui FinanceJan 23 04:26 ET

Express News | China Resources Land - Entered Into Facility Letter for Term Loan Facility of CNY2 Bln

ReutersJan 23 04:25 ET

Nomura Adjusts China Resources Land's Price Target to HK$29.80 From HK$30.60, Keeps at Buy

MT NewswiresJan 23 02:12 ET · Ratings

[Brokerage Focus] Fitch states that the domestic real estate Industry is still troubled by structural problems and expects that prices of newly built Commodities will remain under pressure until 2025.

Jinwu Financial News | Timothy G. Wong, Senior Director at Fitch Ratings and Head of Real Estate Ratings in China, stated that the agency expects the operating environment for Chinese real estate companies to remain under pressure this year. Fitch predicts that due to a decline in both total transaction area and average selling price (down by 10% and 5% respectively), the total sales volume of newly built Commodity Residences in China will decrease by 15% in 2025, reaching approximately 7.3 trillion yuan. A series of policy measures introduced by the government have somewhat boosted the recent sentiment in the Real Estate market, but whether the sector can maintain long-term improvement remains uncertain, given the high inventory levels, weak employment environment, and relatively low housing affordability for buyers.

Jinwu Financial NewsJan 22 02:19 ET