Zhitong Finance App learned that domestic housing stocks and property management stocks rose higher. As of press release, Ya Life Services (03319) rose 6.45% to HK$4.29; Hejing Youhuo (03913) rose 5% to HK$0.84; Xincheng Development (01030) rose 4.8% to HK$1.31; Sunac Services (01516) rose 3.35% to HK$2.16; Hejing Taifu Group (01813) rose 3.03% to HK$1.02.
Dongwu Securities pointed out that the new housing transaction data for the 3rd week of August rose slightly by 13% month-on-month, and the year-on-year decline narrowed. Second-hand housing sales all declined year over year. The central bank released China's monetary policy implementation report for the second quarter of 2023 and continued to implement the mechanism for dynamic adjustment of the interest rate policy for the first home loan. Many cities have relaxed their policies related to the Provident Fund. The bank believes that the central government's stance on real estate continues to be positive, and that it can expect more relaxation policies to be implemented in the third quarter, such as partial relaxation of purchase restrictions and loan restrictions in first-tier cities and the subsequent promotion of urban village renovation.