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Hong Kong stocks have unusual movements | Mainland real estate surged during trading as new first-tier real estate policies were intensively implemented, and industry data is expected to continue improving.
Mainland real estate stocks surged during the trading session. As of the time of writing, r&f properties (02777) is up 5.2%, trading at 1.82 HKD; sunac (01918) is up 3.38%, trading at 2.45 HKD; radiance hldgs (09993) is up 3.26%, trading at 3.48 HKD.
【Special Contributor】Deng Shengxing: The market is worried about geopolitical risks, and investors are cautious about entering the market.
Goldway Financial News | The Hang Seng Index closed at 19,601 on Thursday (21st), down 103 points or 0.53%. The total market turnover was 119.2 billion yuan. The National Index fell by 0.79%, closing at 7,034; the Science and Technology Index dropped 1.2%, closing at 4,358. Mainland real estate stocks remain under selling pressure. Sunac (01918) dropped 9.2%; CIFI Holdings (00884) decreased by 4.5%; mainland dining stocks are also heavily sold off. Xiabuxiabu (00520) fell 7.1%; Jiumaojiu (09922) declined by 5.9%; bitcoin approached the $100,000 mark, and etf performed well. Huaxia Bitcoin (03042) rose by 4.7%; the Dow Jones on Thursday.
On November 21, southbound funds net bought over 4.6 billion Hong Kong dollars: increased positions in Kuaishou and alibaba, with outflows from sunac and kingsoft cloud.
① The southbound capital transacted approximately 51.5 billion Hong Kong dollars that day. Which stocks are seeing continued inflow? ② Kuaishou experienced an inflow of over 0.6 billion Hong Kong dollars. How is the stock price performing?
Beishui trend | Beishui's net buy transaction amounted to 4.666 billion. Beishui sold Sunac (01918) and increased its position in Kuaishou (01024) by over 0.6 billion Hong Kong dollars after the performance report.
On November 21st in the Hong Kong stock market, northbound capital recorded a net buy of 4.666 billion Hong Kong dollars, with the Shanghai-Hong Kong Stock Connect net buy being 2.683 billion Hong Kong dollars and the Shenzhen-Hong Kong Stock Connect net buy being 1.983 billion Hong Kong dollars.
Mainland real estate stocks all fell, radiance hldgs (09993) dropped by 11.05%. Fitch Bohua expects significant pressure on short-term housing price adjustments.
Golden Guard Financial News | Mainland real estate stocks fell across the board, with Radiance Holdings (09993) down 11.05%, Sunac (01918) down 8.43%, R&F Properties (02777) down 7.85%, Shimao Group (00813) down 5.08%, Sino-Ocean Group (03377) down 4.62%, and cifi hold gp (00884) down 4.55%. In terms of news, Fitch Bohua stated in the report that the outlook for the China real estate development industry in 2025 is "slow but stable", expecting the short-term downward trend in second-hand house prices to continue, with still significant pressure on new house price adjustments, believing that
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.
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