Ronshine China Holdings (HKG:3301) Hikes 668% This Week, Taking One-year Gains to 262%

Simply Wall StOct 2 22:17 ET

Hong Kong stocks surged | Mainland real estate stocks collectively opened higher, existing home loan interest rate cuts clarified, and new real estate policies introduced in three major first-tier cities.

Mainland real estate stocks opened collectively high, China Vanke (02202) rose by 14.99%, to 7.67 Hong Kong dollars; Longfor Group (00960) rose by 14.87%, to 15.76 Hong Kong dollars; Sino-Ocean GP (03377) rose by 14.81%, to 0.31 Hong Kong dollars.

Zhitong FinanceSep 29 21:23 ET

RONSHINECHINA: 2024 Interim Report

HKEXSep 27 05:32 ET · Announcements

Kerui: Real estate sets the tone for 'stabilizing and rebounding.'

The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.

wallstreetcnSep 26 02:53 ET

Hong Kong stock market concept tracking | Existing home loan interest rate cut imminent, real estate sector accelerates stabilization and valuation repair (with concept stocks)

Industry insiders predict that the specific plan for lowering the interest rates on existing housing loans is unlikely to be introduced before the "National Day" holiday.

Zhitong FinanceSep 24 21:52 ET

Middle Finger Research Institute: With the implementation of multiple bullish policies by the central bank, what impact will it have on the real estate market?

Overall, this time the central bank released multiple bullish news, which will have a positive impact on the macroeconomy and the real estate market. Various measures are being implemented together, with the hope of stabilizing housing prices and accelerating the bottoming out of the real estate market.

Zhitong FinanceSep 24 19:50 ET