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Mainland real estate stocks rose across the board. Shimao Group (00813) rose by 4.55%. Shenzhen Anju Group plans to acquire commodities for use as affordable housing.
Inner city real estate stocks are up, as of publication, Shimao Group (00813) rose by 4.55%, Sino-Ocean GP (03377) rose by 3.13%, Radiance Hldgs (09993) rose by 3.03%, Agile Group (03383) rose by 2.17%, Sunac (01918) rose by 1.98%. In terms of news, on August 7th, the Anju Group Co., Ltd. under the Shenzhen Municipality plans to acquire commodities for use in affordable housing projects. It is soliciting residential, apartment, dormitory and other types of commodity properties within the Shenzhen region for affordable housing projects, and will prioritize selection.
Mainland real estate stocks fall, China Res Land (01109) drops by 3.15%. The market awaits macroeconomic improvement and policy support from CSI.
Jingu Finance News | Mainland real estate stocks fell, with Ch Ovs G Oceans (00081) down 4.32%, C&D Intl Group (01908) down 3.94%, China Res Land (01109) down 3.15%, Radiance Hldgs (09993) down 2.15%, Longfor Group (00960), and China Overseas (00688) down over 1.5%. CICC published a report stating that under the dual impact of gradually reduced policy effects and seasonal factors, new home sales in July fell by 30% on a monthly basis and still fell by over 10% year-on-year under a low base; second-hand home sales remained flat on a monthly basis but increased by about 30% year-on-year, showing different trends.
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
Radiance Holdings' Subsidiary Issues 2024 Medium-term Bonds of 550.0 Million Yuan
Radiance Holdings' subsidiary completed the issuance of 550 million yuan medium-term notes.
Radiance Hldgs (09993) announced that its indirect non-wholly-owned subsidiary Jinhui Holdings Limited has completed the public issuance of the first medium-term notes for the year 2024 on July 12, 2024, with a total issuance scale of RMB 0.55 billion yuan. The five-year bonds have a face interest rate of 3.0%.
Radiance Holdings (09993.HK) subsidiary completed the issuance of 0.55 billion yuan medium-term notes.
On July 12, GeLongHui announced that Radiance Hldgs (09993.HK), the company's indirectly owned non-wholly-owned subsidiary, Jinhui Holdings Limited, completed the public offering of the 2024 first tranche of medium-term notes on July 12, 2024, with a total issuance of RMB 550 million and a five-year bond with a face interest rate of 3.0%.
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