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Mainland Real Estate stocks generally rose, with SUNAC (01918) increasing by 9.23%. Pan Gongsheng stated that the risk level of the Real Estate market has significantly weakened.
Jingwu Financial News | Mainland Real Estate stocks generally rose, with SUNAC (01918) increasing by 9.23%, R&F PROPERTIES (02777) by 4.94%, RADIANCE HLDGS (09993) by 3.8%, CHINA VANKE (02202) by 2.55%, and CHINA RES LAND (01109) by 2.32%. Pan Gongsheng, President of the People's Bank of China, stated at the 18th ASIA FINANCIAL Forum that China's real estate market has gone through nearly 30 years of long-cycle prosperity, undergone significant transformation, and is seeking a new equilibrium point. 'We are implementing comprehensive policies from both the supply and demand sides, (on one hand) optimizing and adjusting real estate financial policies, and prioritizing...'
Mainland Real Estate stocks fell with the market, ZHONGLIANG HLDG (02772) decreased by 5.79%. Institutions expect that December transactions will continue to recover.
Jinwu Finance | Mainland Real Estate stocks decline with the market, ZHONGLIANG HLDG (02772) down 5.79%, CHINA VANKE (02202) down 4.2%, RADIANCE HLDGS (09993) down 3.32%, CHINA JINMAO (00817) down 2.97%, CHINA OVERSEAS (00688), LONGFOR GROUP (00960), CHINA RES LAND (01109) down over 1%. The Pacific Securities Research indicates that in November, the sales volume and sales area of commercial housing nationwide turned positive year-on-year, with buyers' confidence in purchasing homes recovering, showing signs of market improvement. Funding availability in Real Estate has improved, as December is generally a time for developers.
RADIANCE HLDGS (09993.HK) has appointed Wu Yankun as Executive Director.
On December 18, Gelonghui reported that RADIANCE HLDGS (09993.HK) announced that Mr. Huang Junquan has resigned as Executive Director due to a reassignment of responsibilities. After his resignation, Mr. Huang will remain an employee of the group, serving as the General Manager of a subsidiary in Fujian, where he is primarily responsible for the company's Operation and Business management. The Board of Directors is pleased to announce that Ms. Wu Yankun has been appointed as the company's Executive Director, effective from December 18, 2024.
Express News | Radiance Holdings - Huang Junquan Resigned as Executive Director
Hong Kong stocks have unusual movements | Mainland real estate surged during trading as new first-tier real estate policies were intensively implemented, and industry data is expected to continue improving.
Mainland real estate stocks surged during the trading session. As of the time of writing, r&f properties (02777) is up 5.2%, trading at 1.82 HKD; sunac (01918) is up 3.38%, trading at 2.45 HKD; radiance hldgs (09993) is up 3.26%, trading at 3.48 HKD.
Hong Kong stock market review: Hang Seng Index fell by 0.53%, Hang Seng Tech Index fell by 1.24%, mainland real estate stocks showed a noticeable decline.
Most of the large technology stocks fell, with Kuaishou dropping 11.7% after earnings, marking the weakest performance.
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