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National Day real estate market presents a "hot" scene: new home transactions in Beijing, Shanghai, Guangzhou, and Shenzhen have significantly increased. A real estate company sold 14.8 billion in 7 days.
During the National Day "golden week", the subscription area of 22 key cities during the eleven period increased by 12% compared to the previous month, and increased by 26% year-on-year; First-tier cities have significantly increased the transaction volume of new homes and second-hand homes during the National Day period under the promotion of policy optimization, with better performance in Guangzhou and Shenzhen than in Beijing and Shanghai.
Daiwa: After the opening of A shares, Hong Kong real estate, consumer, and financial stocks will experience a pullback, but this is healthy.
JPMorgan believes that the forward price-earnings ratio of the Chinese stock market has significantly rebounded, indicating a shift in policy towards the inflation direction released by the combination of monetary/real estate assets, and also reflects the market's high expectations for fiscal stimulus policies. However, the short-term outlook may be too optimistic. After the A-share market opens, with more individual investors entering, its performance may outperform Hong Kong stocks.
Policy support + market demand dual drive, institutions believe that the investment in the hydrogen energy sector will usher in a window of opportunity.
①The 2024 China Hydrogen Energy Industry Conference will be held at the Qiaoshan Cultural Center in Nanhai, Foshan on October 18. ②huaan Securities pointed out that looking forward to the second half of 2024, policy support and subsidy incentives will be further implemented, green hydrogen projects are expected to accelerate landing, and the bidding scale of electrolyzer is expected to reach 3-4GW. The hydrogen sector investment is about to enter a window of opportunity.
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Kerui: Real estate sets the tone for 'stabilizing and rebounding.'
The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.
cg services realized early, transferring 3.142 billion yuan to transfer 1.49% equity of Wanda Commercial Management.
①Country Garden Properties Hong Kong has agreed to sell, while Wanda Group has agreed to acquire shares in Zhuhai Wanda at a price of 3.142 billion yuan. The sale of shares this time accounts for approximately 1.49% of the target company's total share capital; ② "The early realization of the sale has enabled Wanda Group to fulfill its obligation to repurchase target shares under Supplemental Agreement (2), providing an appropriate opportunity for Country Garden Services to realize investment returns."