Hong Kong stocks are moving differently | Mainland Real Estate stocks plunged across the board in the morning session due to bearish concerns brought by the real estate companies. SUNAC (01918) once fell nearly 29%.

Mainland Real Estate stocks fell across the board. As of the time of writing, SUNAC (01918) is down 26.86%, trading at HKD 1.28; RONSHINECHINA (03301) is down 11.07%, trading at HKD 0.249; SHIMAO GROUP (00813) is down 8.42%, trading at HKD 0.87.

Zhitong Finance20:58 ET

Zhongzhi Research Institute: In 2024, the Real Estate Industry will achieve a total of 565.31 billion yuan in Bonds financing, a year-on-year decrease of 18.4%.

According to the research, looking ahead to 2025, policy support is expected to drive expectations for recovery, but the Real Estate market still faces many challenges. Financing policies are expected to remain loose, but the scale of financing will still be influenced by the market recovery.

Zhitong FinanceJan 9 01:09 ET

Hong Kong stock morning report on January 9: The State-owned Assets Supervision and Administration Commission stated that it will accelerate the establishment of a system and mechanism suitable for AI development. RONSHINECHINA's contract sales last year

① The central bank: further optimize the refinancing process and expand the scale of equipment renewal loans. ② The State-owned Assets Supervision and Administration Commission: should vigorously develop AI and accelerate the establishment of a system suitable for the development of AI. ③ The Federal Reserve meeting minutes indicate that officials tend to slow down the pace of interest rate cuts. ④ The "small non-farm" employment report in December in the USA fell short of expectations, with wage growth dropping to a three-and-a-half-year low.

cls.cnJan 8 18:06 ET

RONSHINECHINA (03301.HK) has a total contract sales amount of 7.702 billion yuan in 2024.

On January 8, Gelonghui reported that RONSHINECHINA (03301.HK) announced that for the month ending December 2024, the group's total contracted sales amounted to approximately RMB 0.771 billion; the group's contracted construction area was about 59,618 square meters; and the average contracted selling price of the group was approximately RMB 12,928 per square meter. For the twelve months ending December 31, 2024, the group's total contracted sales were approximately RMB 7.702 billion; the total contracted construction area of the group was about 617,260 square meters; and the average contracted selling price of the group was approximately RMB 12,479 per square meter.

Gelonghui FinanceJan 8 03:32 ET

Express News | Ronshine China - December Total Contracted Sales RMB770.7 Mln

ReutersJan 8 03:31 ET

Hong Kong stocks movement | Mainland Real Estate stocks collectively fell, with the 2024 real estate market continuing to adjust in volume and price. Institutions expect a month-on-month decline in property sales in January.

Mainland Real Estate stocks collectively fell. As of the time of writing, SUNAC (01918) is down 8.15%, valued at HKD 1.69; RONSHINECHINA (03301) is down 7.94%, valued at HKD 0.29; SHIMAO GROUP (00813) is down 6.25%, valued at HKD 0.9.

Zhitong FinanceJan 7 21:32 ET