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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
According to Zhongzhi Research Institute, the merger and acquisition activity in the real estate industry continued to increase in June.
According to Zhongzhi Research Institute monitoring, there were 17 merger and acquisition trades in the real estate industry in June 2024, an increase of 2 compared to the previous month.
Hong Kong stock market fluctuations | Mainland real estate stocks have the highest increase, and the policy effects have been reflected in the transaction end according to institutions' bullish view on continuous recovery in real estate.
Mainland real estate stocks rose in early trading, as of press time, Shimao group (00813) rose 12.86%, closing at HKD 0.79; Sunac (01918) rose 8.26%, closing at HKD 1.18; China Vanke (02202) rose 6.86%, closing at HKD 4.83; Agile Group (00884) rose 7.94%, closing at HKD 0.34; Seazen (01030) rose 5.76%, closing at HKD 1.47.
HK stocks fluctuate | Mainland real estate rebounds in the afternoon, the real estate market enters the period of policy effect realization, institutions are bullish on the continued narrowing of the top 100 sales decline in July.
Mainland real estate stocks rebounded in the afternoon. As of press time, R&F Properties (02777) rose 4.88% to HKD 0.86; Sunac (01918) rose 3.85% to HKD 1.08; Cifi Hold GP (00884) rose 3.33% to HKD 0.31.
GF Sec: Land Activation Fund Established, New Home Sales Turn Positive year-on-year in early July.
GF sec released research reports stating that the state-owned assets supervision and administration commission has set up a special fund for land consolidation with a total size of 30 billion yuan and requires central SOEs to report pilot projects to try to solve the problem of long-term high inventory in the real estate market. On the local policy side, this week still mainly focuses on relaxing housing provident fund policies and providing housing subsidies to boost demand, and various regions are still exploring new policies to stimulate demand.
Sunac and others were forced to execute 2.978 billion yuan.
Jinwu Finance News | According to the legal litigation information of tianyancha, Rongchuang Real Estate Group Co., Ltd., Nanchang Rongchuang Hengye Real Estate Co., Ltd., and Wuhan Rongjingzhenyuan Real Estate Development Co., Ltd. recently added a new executed person information, executed symbol for more than 2.978 billion yuan, and the executing court was Beijing Financial Court. Tianyancha's risk information shows that there are more than 580 executed person information for Rongchuang Real Estate Group Co., Ltd., with a total executed amount of 29.5 billion yuan. In addition, the company also has multiple limiting consumption orders, dishonest executed persons (“Lao lai”), and final case information.