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Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
Logan Group Adjusts Bond Payment, Ensures Stability
Express News | Logan Group - Resolutions on Adjustment to Payment Arrangements for Principal & Interest of 21 Onshore Bonds Issued by Unit Were Approved
Hong Kong Stock Market Abnormality | Mainland real estate stocks rebounded in early trading, and the year-on-year decline in commodity housing sales decreased significantly. The effect of policy in core cities is relatively positive and significant.
Mainland real estate stocks rebounded in early trading. As of press time, China Vanke (02202) rose 4.74% to HKD 4.86; China Jinmao (00817) rose 4.48% to HKD 0.7; Logan Group (03380) rose 4% to HKD 0.78; Shimao Group (00813) rose 4.55% to HKD 0.92.
The real estate tycoon has made a name for themselves in the Chaoshan area.
As the most mysterious Chaozhou real estate entrepreneur, Ji Haipeng, the chairman of Logan Group, has always been low-key. During the two years of risk, he has hardly ever appeared in public. However, he has been pushing for debt restructuring in secret, and now he can finally breathe a sigh of relief. On July 11, Logan announced that it had reached an agreement with overseas debt creditors holding more than 92% of the outstanding principal. Currently, the company is actively negotiating with overseas debt creditors to achieve a comprehensive restructuring of foreign debts. At the same time, Logan's domestic debt management has also made significant progress. As of July 10th, Logan
Some mainland real estate stocks rose against the market, with Sunac (01918) up 2.68%. Institutions indicated that under the continuous policy efforts in recent period, the housing prices in core cities are expected to become stable.
Some mainland real estate stocks rose against the market, with Shimao Group (00813) up 4.94%, Sino-Ocean Group (03377) up 4.17%, Sunac (01918) up 2.68%, Logan Group (03380) up 2.67%, and Radiance Hldgs (09993) up 1.91%. Inflation data for June in the USA was lower than expected, increasing expectations for a rate cut by the Federal Reserve. Some analysts pointed out that a rate cut by the Federal Reserve would lead to an inflow of funds from the USA to other markets, including China and Hong Kong, which would increase the liquidity of the Hong Kong stock market. At the same time, due to the inflow of funds and improved market expectations, real estate stocks in the Hong Kong stock market
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