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Policy continues to tighten, the Hang Seng Index is consolidating amidst fluctuations.
After ATFX Hong Kong stocks spit out 1484 points in four trading days last Thursday, they fluctuated downward this morning. Hang Seng Index fell 87 points or 0.4% in half a day, closing at 21,164. The National Index fell 13 points or 0.2%, closing at 7,607 points; the Hang Seng Tech Index fell 77 points or 1.6%, closing at 4,658 points. The market turned from decline to rise in the afternoon but temporarily lacked strength. The Chinese Ministry of Finance held a press conference last weekend, stating that it will introduce a package of incremental policy measures, expressing the intention to increase policy efforts to address risks such as real estate and local government debt. Sectors benefiting from policy have recorded gains. The Ministry of Finance has initiated capital replenishment for state-owned major banks, benefiting China mainland banking stocks.
[Brokerage Focus] Haitong Int'l points out that the real estate industry policies have recently significantly loosened. It is recommended to pay attention to high-quality companies such as China Res Land (01109).
Jingu Finance News | Haitong Int'l released research reports, according to the sales performance ranking data for January to September 2024 published by Keeray, the sales amount for the top 100 real estate companies reached 2,633.86 billion yuan, a decrease of 36.6% compared to the same period in 23, with the decline expanding by 0.1 percentage point from August; the equity amount reached 2,084.99 billion yuan, down by 36.2% compared to the same period in 23, with the decline remaining flat from August, with an equity ratio of 79%. Looking at the situation in September 2024, the top 100 real estate firms achieved a sales amount of 251.71 billion yuan, up by 0.2% month-on-month, and down by 37.7% year-on-year.
332 units were sold out in 3 and a half hours. After optimizing the real estate policies, Shenzhen has seen a "sunlight disk".
According to the information disclosed by the Shenzhen Real Estate Association on the evening of October 13, this year there are only 7 projects in Shenzhen with a registration-to-closing ratio exceeding 1:1, but on the opening day, there was only the Hyde Park project which was a 'sunshine home' previously; Longhua Shenye Shangcheng Xuefu is the second 'sunshine plate' in Shenzhen this year. Not only in new homes, but also in the Shenzhen second-hand housing market, there are also relatively obvious signs of warming up.
Ministry of Finance releases major measures to stabilize the real estate market: Special bonds can be used to purchase existing properties, optimizing related tax policies.
1. Following the People's Bank of China and other three financial ministries, the Ministry of Finance has also released a major policy favorable to the stability of the real estate market; 2. Specifically, the Ministry of Finance has outlined the future direction of real estate financial policies from three aspects, namely allowing special bonds to be used for land reserves, allowing special bonds to purchase existing houses, and optimizing and improving relevant tax policies.
Up to 1 million yuan! Qingdao and Quanzhou have increased the housing provident fund loan amount today. In October, six cities have implemented preferential housing loan policies.
①Today, Qingdao and Quanzhou have announced further optimization measures for real estate, including unifying the minimum down payment ratio for housing loans and increasing the maximum amount of housing provident fund loans. Since October, many places have also optimized housing provident fund crediting policies. ②Industry insiders believe that the current financial policies are relatively loose, playing an important role in boosting real estate trade.
Unified lowered to LPR-30BP! The reduction of existing house loan interest rates is imminent, and ICBC has already "spoiled" the schedule.
How much money can be saved after the adjustment?
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