Ni Hong, the Minister of Housing and Urban-Rural Development, spoke at the Two Sessions: four major measures to ensure the stability and recovery of the real estate market.
① "We will work with relevant departments to combine short and long-term measures, addressing both symptoms and root causes, and resolutely stabilize the real estate market," said Ni Hong, the Minister of Housing and Urban-Rural Development. ② Regarding how to stabilize the real estate market, Ni Hong stated that efforts will be made in four aspects.
Hong Kong stocks are moving | Mainland Real Estate surged in the afternoon, preliminary stabilization in real estate sales for the first two months, expecting a "little spring" market in core cities in March.
Mainland Real Estate stocks rose in the afternoon. As of the time of this report, AGILE GROUP (03383) is up 9.38% at HKD 0.7; LOGAN GROUP (03380) is up 8% at HKD 1.08; SEAZEN (01030) is up 7.94% at HKD 2.31.
【Brokerage Focus】CITIC SEC: Bullish on trading service providers in the real estate Industry Chain.
Gold Firm News | CITIC SEC stated that by learning from the government's work report and the State Council Information Office's briefing, the bank believes that the key to controlling incremental growth and stabilizing prices lies in stabilizing asset prices and maintaining residents' confidence. Additionally, the report specifically emphasizes the effective prevention of real estate companies' debt default risks, which further supports the stabilization of real estate company credit. The bank believes that the most certain fundamental variable for Real Estate is that a large number of transactions must take place to stabilize prices, which means that the annual GTV of first and second-hand housing transactions exceeds expectations. Therefore, the bank is most Bullish on trading service providers in the Real Estate Industry Chain. Furthermore, the bank is also optimistic about companies with strong product development capabilities and a high-quality Asset portfolio.
Brokerage morning meeting highlights: The combination of AI applications and high-quality Hardware carriers brings new growth opportunities in Consumer scenarios.
In today's brokerage morning meeting, China International Capital Corporation stated that the market performance in the second half of the year is expected to be better than in the first half; Sinolink believes that the probability of achieving a "stop falling and stabilize" target in the real estate sector by 2025 is relatively high; Huaxi pointed out that the combination of AI applications with high-quality Hardware carriers brings new growth opportunities in Consumer scenarios.
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
Hong Kong stock announcement selection | U-PRESID CHINA's revenue exceeds 30 billion yuan in 2024, SUNAC's sales increased by more than 30 percent in the first two months.
① U-PRESID CHINA's revenue exceeds 30 billion yuan in 2024, how fast is the growth? ② SUNAC's sales in the first two months increased by over 30%, how large is the scale?
Sunac China Reports February 2025 Sales Performance
SUNAC (01918.HK): From January to February, the accumulated contract sales amount reached 8.64 billion yuan.
On March 5, Gelonghui reported that SUNAC (01918.HK) announced that in February 2025, the group achieved a contracted sales amount of approximately 1.8 billion yuan, with a contracted sales area of about 0.152 million square meters, and a contracted sales average price of approximately 11,840 yuan per square meter. As of the end of February 2025, the group had cumulatively achieved a contracted sales amount of approximately 8.64 billion yuan, a cumulative contracted sales area of about 0.264 million square meters, with a contracted sales average price of approximately 32,730 yuan per square meter.
Express News | Sunac China - February Group Achieved Contracted Sales Value RMB1.80 Bln
The government work report first mentioned "stabilizing the real estate market" and first-tier cities are expected to continue to reduce restrictive measures.
① Chen Changsheng, deputy director of the State Council Research Office, stated that including stabilizing the real estate and stock markets in the overall requirements of the "Government Work Report" is the first time; ② The government work report today mentioned, "Policies are adjusted based on local conditions to reduce restrictive measures," which indicates an important direction for this year's policies, namely that the purchase restrictions may still be adjusted and optimized.
Hong Kong stocks are showing unusual movement | Mainland Real Estate stocks are among the top gainers as the Political Bureau meeting reaffirms the stability of the property market. Institutions state that the property market may enter a new cycle of poli
Mainland Real Estate stocks have risen significantly. As of the time of reporting, RONSHINECHINA (03301) is up 15.15%, priced at 0.38 Hong Kong dollars; CIFI Holdings (00884) has increased by 10.91%, priced at 0.305 Hong Kong dollars; COUNTRY GARDEN (02007) is up 10%, priced at 0.55 Hong Kong dollars; LOGAN GROUP (03380) has increased by 7.69%, priced at 1.12 Hong Kong dollars.
Zhongyuan Mortgage: The amount of mortgages used in Hong Kong in January increased by 18%, and the selection ratio of H rose to 93%.
Wang Meifeng, the Managing Director of Central Plains Mortgage, stated that according to the latest statistics from the Hong Kong Monetary Authority on residential mortgages, the number and amount of new mortgages in Hong Kong significantly increased by 16% and 17.6% month-on-month in January 2025, reaching 3,438 cases and 15.6 billion yuan, respectively. The number of cases has risen for three consecutive months, hitting a four-month high, while the amount has risen for two consecutive months, hitting a five-month high, mainly reflecting the increase in bullish factors since the fourth quarter of 2024, indicating stability in the Hong Kong property market.
Trending Industry Today: LONGFOR GROUP Leads Losses In China Mainland Real Estate Stocks
SUNAC (01918.HK): Received a recognition order granted by the Hong Kong High Court.
On February 28, Gelonghui reported that SUNAC (01918.HK) announced the liquidation petition issued by CHINA CINDA (Hong Kong) Asset Management Co., Ltd. The company has applied to the High Court of Hong Kong for a recognition order regarding the transfer of the company's shares, which was approved by the High Court on February 28, 2025. After the company is granted the recognition order, despite the petition issued against the company, all transfers of the company's issued and fully paid shares will not be rendered invalid under Section 182 of the (Liquidation and Miscellaneous Provisions) Ordinance from the date of the petition.
Express News | Sunac China - Grant of Validation Order
Zhongyuan Real Estate: The latest Zhongyuan Valuation Index CVI reports 36.89 points, hitting a nearly 18-week low.
Yang Mingyi, Senior Co-Director of the Research Department at Zhongyuan Real Estate, pointed out that the latest CVI this week is 36.89 points, down 4.37 points from last week's 41.26 points.
Trending Industry Today: LONGFOR GROUP Leads Gains In China Mainland Real Estate Stocks
Hong Kong stocks fluctuated | Mainland Real Estate continued to rise in the afternoon. Guangdong Province was the first to issue special bonds to purchase existing land, and Institutions expect that the land reserve progress will accelerate.
Mainland Real Estate continued to rise in the afternoon. As of this report, SHIMAO GROUP (00813) rose by 30.34%, reported at 1.16 HKD; CIFI (00884) rose by 14%, reported at 0.285 HKD; LONGFOR GROUP (00960) rose by 11.07%, reported at 11.24 HKD; SUNAC (01918) rose by 10.15%, reported at 2.17 HKD.
Trending Industry Today: SUNAC Leads Gains In China Mainland Real Estate Stocks
Hong Kong Stock Midday Review | Hang Seng Index dropped by 0.55% in the morning session, while real estate stocks rose against the trend, and Concept stocks related to CRO had the largest declines.
The Hong Kong Hang Seng Index fell 0.55%, closing at 23,348.82 points, with a morning turnover of 231.157 billion HKD; the Hang Seng TECH Index decreased by 1.44%.