The Zhitong Finance App learned that domestic housing stocks and property management stocks collectively rose higher in early trading. As of press release, Country Garden Services (06098) rose 7.17% to HK$9.56; Everything Cloud (02602) rose 6.22% to HK$24.75; Zhengrong Services (06958) rose 5.45% to HK$0.29; New Town Development (01030) rose 4.41% to HK$1.42; China Overseas Development (00688) rose 2.84% to HK$16.6.
According to the news, according to the Securities Daily, recently, many places have successively introduced policies to continue and optimize the real estate market. Judging from the data, in the first half of the year, China's real estate market showed an overall steady trend. Senior analyst at Dongfang Jincheng said that in June, LPR for a term of 5 years or more began to be lowered. The next policy “toolbox” still has more reserves and choices in terms of easing housing purchase conditions, lowering down payment factors, continuing to implement loan support plans for secured buildings, and further guiding residents' mortgage interest rates. If various policies and measures are adjusted, the property market is expected to show a trend upward trend around the end of the third quarter, and real estate investment will gradually pick up in the fourth quarter.
Furthermore, the Central Bank authorized the National Interbank Lending Center to announce today that the loan market quoted interest rate (LPR) for July 20, 2023 is 3.55% for 1-year term LPR and 4.2% for LPR for 5-year terms and above. Both interest rates remained unchanged.