Winter is over, hope rekindled?
Real estate stocks continued to explode.
On Friday, Hong Kong A real estate stocks continued yesterday's gains. As of midday trading, the A-share real estate services and real estate development sectors had surged ahead, with special services surging by more than 17%. Hainan Expressway, Shahe shares, Pudong Jinqiao, CCCC Real Estate, etc. set off a wave of gains and stops. Among them, Pudong Jinqiao and Chinese companies have already had 4 consecutive sales.
Sectors such as Hong Kong real estate developers, real estate investment, domestic real estate stocks, and property management rose one after another. Hongyang Real Estate rose more than 9%, Yuzhou Group rose more than 5%, Yuexiu Real Estate rose more than 3%, and Jinhui Holdings and Xincheng Development rose more than 2%.
In the same period last year, Hong Kong domestic housing stocks began a volatile downward trend after reaching a high point, and hit a record low on the 22nd of this month. However, it has since bottomed out and has continued to rise for the 4th day as of today.
Recently, favorable policies have continued to attack, causing the property market to “raise its voice.”
This morning (January 26), the Ministry of Housing, Urban-Rural Development held an urban real estate financing coordination mechanism deployment meeting to discuss and coordinate matters related to urban real estate financing to promote the steady and healthy development of the real estate market.
The holding of the conference showed the importance that the Ministry of Housing, Urban-Rural Development attached to the real estate market. At the same time, the conference will also conduct in-depth discussions on strengthening the disclosure of real estate market information and improving financing mechanisms.
A little while ago,The central bank officially announced interest rate cutsHowever, every downgrade involves investment in bank loans. The easing signal of downgrade is particularly helpful for banks everywhere to solidly implement operations to reduce down payment and mortgage interest rates.
This will have a positive effect on boosting demand for home buyers in 2024, and will also provide direct support to the home buying market during the upcoming Spring Festival holiday.
At the same time,Financing for housing enterprises has also ushered in benefits, and new regulations on operating property loans have been introduced.
On January 24, the Central Bank and the General Administration of Financial Supervision also jointly issued the “Notice on Accomplishing the Management of Operational Property Loans”, which refined the requirements for commercial banks' operating property loan business management standards, terms, limits, uses, etc., broadened the scope of use of operating property loans, and increased financial support for real estate.
Yesterday, real estate was once again heavily set by the State Financial Supervisory Authority to more accurately support the reasonable financing needs of real estate projects.
Xiao Yuanqi, deputy director of the General Administration of Financial Supervision and Administration, said that the real estate industry has a long chain and covers a wide range of areas, and has an important impact on the national economy. It is also closely related to people's lives. The financial industry has no other responsibility and must be strongly supported.
He said that personal housing loan policies such as down payment ratios and loan interest rates will be further optimized; the implementation of the urban real estate financing coordination mechanism will be accelerated in the near future; the vast majority of the 350 billion “building guarantee” special loans have already been invested in specific projects.
Furthermore,Real estate finance will focus on carrying out four tasks in the near future: The first is to accelerate the implementation and effectiveness of the urban real estate financing coordination mechanism; the second is to guide financial institutions to implement operational property loan management requirements; the third is to continue to do a good job in financial services for personal housing loans; the fourth is to guide and require banks and other financial institutions to strongly support the construction of “three major projects” such as “ordinary and emergency dual-use” public infrastructure and urban village renovation, and require the formation of physical workloads as soon as possible.
Dongwu Securities pointed out that recently senior officials have made intensive statements to increase financial support for real estate, and it is expected that policies on both the supply and demand sides will accelerate in the near future. In the future, the implementation of specific support policies is expected to accelerate, improve the financing environment for housing enterprises, and mitigate credit risks. It is recommended to focus on two types of real estate companies:
1) State-owned enterprises that currently have low valuations and may be subject to market value management assessment requirements are expected to convey confidence and stabilize expectations in the future through measures such as increasing holdings and repurchases to increase dividend ratios.
2) Real estate enterprises with abundant high-quality holding property assets, and cash flow is expected to improve marginally.
Guojin Securities pointed out that recently, the central bank and the General Administration of Financial Supervision have frequently voiced support for real estate financing, and stated that the financial industry has no choice but to support real estate, which shows the central government's great importance and determination to support the steady and healthy development of the real estate market. It is expected that subsequent related policies such as the “three arrows”, interest rate adjustment mechanisms, and operating property loans will be implemented at an accelerated pace.