Understanding the Market | Chinese Property Stocks Rise in the Afternoon as Multiple Regions Intensively Implement New Real Estate Policies; Institutions Suggest Paying Attention to the Subsequent Implementation of Policies
Chinese property stocks rose in the afternoon. As of the time of writing, COUNTRY GARDEN was up 6.74%, trading at HKD 0.475; SHIMAO GROUP rose 5.08%, trading at HKD 0.31; R&F PROPERTIES increased by 4.29%, trading at HKD 0.73; and Sunac China was up 3.25%, trading at HKD 1.59. On the news front, various regions have recently introduced policy measures to support the "Golden September and Silver October" sales window, consolidating the momentum of stabilization and recovery in the real estate market. Since late August, cities such as Shanghai, Suzhou, and Changchun have successively launched new policies for the property market, reducing home purchase costs and stimulating housing consumption potential through various means such as relaxing purchase restrictions, canceling sales restrictions, and providing home purchase subsidies. Guotai Junan released a research report stating that considering September marks the traditional peak marketing season, we believe it is highly likely that property companies will accelerate the pace of launching new projects and increase discount efforts; in addition, core first-tier cities represented by Beijing and Shanghai have already introduced favorable policies such as relaxing purchase restrictions, and Shenzhen is expected to accelerate its follow-up. It is recommended to pay attention to the situation of overseas interest rate cuts in September/domestic macro monetary policy opening up space, as well as the implementation of policies related to urban renewal and land acquisition
According to Zhitong Finance APP, Chinese property stocks rose in the afternoon. As of the time of publication, Country Garden (02007) rose 6.74% to HKD 0.475; Shimao Group (00813) rose 5.08% to HKD 0.31; R&F Properties (02777) rose 4.29% to HKD 0.73; Sunac China (01918) rose 3.25% to HKD 1.59.
On the news front, recently, various regions have introduced policy measures to support the "Golden September and Silver October" sales window, consolidating the momentum of stabilization and recovery in the real estate market. Since late August, cities such as Shanghai, Suzhou, and Changchun have successively launched new policies for the housing market, reducing home purchase costs and stimulating housing consumption potential through various means such as relaxing purchase restrictions, canceling sales restrictions, and providing home purchase subsidies.
Guotai Junan released a research report stating that considering September marks the traditional marketing peak season, we believe it is highly likely that property companies will accelerate the pace of launching new projects and increase discount efforts; in addition, core first-tier cities represented by Beijing and Shanghai have already introduced favorable policies such as relaxing purchase restrictions, and Shenzhen is expected to accelerate its follow-up. It is recommended to pay attention to the situation of overseas interest rate cuts in September/domestic macro monetary policy opening up space, as well as the implementation of policies related to urban renewal and land acquisition
