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Hong Kong stocks fluctuate | Mainland real estate stocks continue to decline, new home sales volume falls below the medium and long-term center, and the performance of real estate companies varies greatly.
Mainland real estate continued its recent decline. As of the time of publication, Yuexiu Property (00123) fell by 6.62%, closing at 3.81 Hong Kong dollars; China Vanke (02202) fell by 3.63%, closing at 3.72 Hong Kong dollars; Sunac (01918) fell by 2.08%, closing at 0.94 Hong Kong dollars.
Shanghai real estate market welcomes transformation as the "7090 policy" fades out of the historical stage.
①The supply side of the Shanghai real estate market is undergoing another transformation, and the long-standing '7090 policy' for new houses will fade into history. ②After the new policy, the standard building area for small-sized houses in multi-story, small high-rise, and high-rise buildings in Shanghai will be adjusted to 100 square meters, 110 square meters, and 120 square meters respectively.
Housing retirement funds have stirred up a thousand waves, with a total of over a trillion yuan accumulated for residential special maintenance funds over 20 years. Banks say the overall utilization rate of special funds is not high.
①The focus of the pilot is for the government to establish public accounts, which do not require lbx pharmacy chain joint stock to contribute money; ②Several institutions have indicated that they have not yet received information regarding the reform of the housing retirement pension system and maintenance fund; ③In the past 20 years, when new houses were delivered, they were required to pay a maintenance fund. Each house has a special account in the banks, and the funds are rolled over based on current deposits, usually initiated by the owners.
Mainland real estate stocks generally rose, with 22 cities launching pilot projects for housing retirement funds, and successful land acquisition and storage in Fuzhou and wuhan.
On August 26th, mainland real estate stocks (LIST1234.HK) rose in early trading. As of the time of writing, Shimao Group (00813.HK) rose 5% to HKD 0.63; Greentown China (03900.HK) rose 4.49% to HKD 5.82; Seazen (01030.HK) rose 3.47% to HKD 1.49; China Vanke (02202.HK) rose 3.17% to HKD 3.91. Market source: Futubull. In terms of news, on August 23rd, Deputy Minister of Housing and Urban-Rural Development, Dong Jian
Hong Kong stock concept tracking | Over 80 cities support state-owned enterprises and others to acquire existing houses, institutions are bullish on investment opportunities related to the "good housing" industry (concept stocks attached)
As of now, more than 80 cities have announced their support for state-owned platform enterprises to acquire commodity housing for the purpose of affordable housing, resettlement housing, talent housing, and turnover housing.
Wanwu Cloud's full-year performance guidance: The core net income decrease is expected to remain flat or slightly decrease by 5% compared to the first half of the year.
On the morning of August 23, Wanwu Cloud held its mid-term performance conference for 2024. Regarding the company's full-year performance guidance, Wanwu Cloud's deputy general manager, Ye Fei, stated that the first half of the year reflected the business foundation of the company's core net income, and the annual target is to remain flat or slightly decrease by 5% compared to the first half of the year. According to the financial report data, Wanwu Cloud's net income for the first half of the year was 0.804 billion yuan, a decrease of 23.4% compared to the same period last year, and the core net income was 1.2 billion yuan, a decrease of 2.7% year-on-year. The management of Wanwu Cloud stated that in the second half of the year, the company will further proactively reduce related transactions with Vanke, and discuss with Vanke to reduce accounts receivable through the use of operating assets as collateral.
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