Housing stocks and property management stocks declined collectively. As of press release, Xincheng Development (01030) fell 4.89% to HK$1.36; Vanke Enterprise (02202) fell 2.43% to HK$7.64; Evergrande Property (06666) fell 4% to HK$0.48; and Sunac Services (01516) fell 3.08% to HK$2.2.
The Zhitong Finance App learned that domestic housing stocks and property management stocks declined collectively. As of press release, Xincheng Development (01030) fell 4.89% to HK$1.36; Vanke Enterprise (02202) fell 2.43% to HK$7.64; Evergrande Property (06666) fell 4% to HK$0.48; and Sunac Services (01516) fell 3.08% to HK$2.2.
Ping An Securities said that this week, eight departments including the central bank issued a document reaffirming reasonable meeting of the financial needs of private real estate enterprises; the Shanghai Stock Exchange held a symposium on housing enterprises in Shanghai to support the reasonable financing and mergers and acquisitions needs of real estate companies with different ownership systems; Kerri announced the sales of the top 100 housing enterprises in January-November, and the sales volume of the top 100 housing enterprises in November fell 30% year on year, an increase of 1.7 percentage points over October, and sales of the top 100 housing enterprises fell 15% year on year in January-November. Overall, despite continued easing on the policy side, the momentum for property market recovery is still insufficient due to revenue and housing price expectations. In the short term, as developers' pushes rose at the end of the year, sales of the top 100 may continue to improve month-on-month, but market sentiment will still hover at the bottom.
Notably, according to a report by the Economic Observer, several bank sources said that commercial banks have not received any whitelist-related documents at present. Some bank practitioners also claim that the regulatory authorities have indeed drawn up a white list of companies involved in housing loans, but this list is more of a reference. According to rumors from the outside world, such as “issuing unsecured loans to whitelisted housing enterprises,” most people from banks and housing enterprises said it was unlikely.