The three major A-share indices all fell, with the North Securities 50 dropping by over 2%, Hong Kong stocks declined, New Oriental fell by 30%, and SUNAC rose by over 4%.
New Oriental's stock in Hong Kong fell by 30% after the release of its Earnings Reports, while EAST BUY's stock dropped by over 9% at one point. SUNAC's stock in Hong Kong rose by over 4% as the restructuring of its domestic company Bonds was completed, and it is seeking a more comprehensive Overseas debt solution.
Trending Industry Today: COUNTRY GARDEN Leads Gains In China Mainland Real Estate Stocks
The three major A-share Indexes rose and fell unevenly, Hong Kong stocks rose, COUNTRY GARDEN's shares resumed trading and increased by over 1%, the central parity rate of the RMB against the US dollar touched 7.17, and the Futures of government bonds sho
The RMB central parity rate against the US dollar is reported at 7.1703, up 183 points, the highest since November 8, 2024, and the largest increase since November 8, 2024. The previous trading day's central parity rate was 7.1886, and the previous day's official closing price was 7.3161, while last night's closing was 7.2790.
The LPR remained unchanged in January. Will mortgage rates decrease again in 2025?
① Since January, the policy interest rates, which are the basis for LPR Quotes, have stabilized, suggesting that the January LPR Quote will remain unchanged. ② There is a possibility of interest rate cuts in the first half of 2025, with the total reduction expected to reach 50 basis points for the year, which is higher than the 30 basis points reduction from the previous year, leading to a significant downward adjustment of the LPR Quote.
Statistics Bureau: In 2024, national Real Estate Development investment is 10,028 billion yuan, a decrease of 10.6% compared to the previous year.
In 2024, the national Real Estate Development investment is 10,028 billion yuan, a year-on-year decrease of 10.6%, of which Residence investment is 7,604 billion yuan, down 10.5%.
A-shares fell collectively, with micro futures down nearly 1%. Real Estate, media, and Banks led the decline, Hong Kong stocks dropped, Vanke's stocks and bonds fell together, and government bond Futures showed divergence.
Today, shares and bonds of CHINA VANKE both fell, with CHINA VANKE's stock in Hong Kong dropping over 8%, and the company's Overseas bonds hitting new lows. According to Economic Observer, on January 15, Zhu Jiusheng, Executive Director, President, and CEO of CHINA VANKE, was taken away by public security authorities.