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Express News | China Mainland Real Estate surges in the Hong Kong market, with RADIANCE HLDGS climbing 27% and SHIMAO GROUP jumping 26%.
RADIANCE HLDGS: SUMMARY OF THE UNAUDITED FINANCIAL RESULTS OFAN INDIRECT NON-WHOLLY OWNED SUBSIDIARYFOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024
Some mainland real estate stocks rebound, sunac (01918) up 5.8%. The Ministry of Housing and Urban-Rural Development expects positive real estate data for October, with institutions bullish on the government's determination.
Golden Finance News | Some mainland real estate stocks rebounded, with Sunac (01918) up 5.8%, R&F Properties (02777) up 5.36%, Radiance Holdings (09993), Shimao Group (00813), Logan Group (03380), China Jinmao (00817) up more than 2%. On the news front, on October 17, the State Council Information Office held a press conference on promoting the stable and healthy development of the real estate market. Minister of Housing and Urban-Rural Development Ni Hong expressed at the press conference that from the market feedback, in many cities and projects, the number of property viewings and visits has significantly increased, and sales volume has also experienced varying degrees of growth, in the real estate sector.
Mainland real estate stocks started well, radiance hldgs (09993) rose by 19.88%. The Ministry of Finance allows special bonds to be used for land reserves and acquisition of existing houses.
Finance News | Mainland real estate stocks started off well. As of the time of publication, Radiance Hldgs (09993) rose by 19.88%, Sunac (01918) rose by 8.71%, Zhongliang Hldg (02772) rose by 10.97%, China Overseas (00688) rose by 7.4%, R&F Properties (02777) rose by 6.82%. On the news front, on October 12, the State Council Information Office held a press conference where the Ministry of Finance introduced the situation regarding "increasing the intensity of fiscal policy countercyclical adjustments and promoting high-quality economic development." It pointed out that "a series of targeted incremental policies will be successively introduced in the near future."
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.
Trending Industry Today: SHIMAO GROUP Leads Losses In China Mainland Real Estate Stocks
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