Domestic housing stocks continued to rise at the end of the session. As of press release, Xuhui Holdings (00884) rose 24.56% to HK$0.355; Longhu Group (00960) rose 15.79% to HK$11; China Resources Land (01109) rose 12.05% to HK$25.1; Vanke Enterprise (02022) rose 10.33% to HK$6.3; and Sunac China (01918) rose 10% to HK$1.32.
The Zhitong Finance App learned that domestic housing stocks continued to rise at the end of the session. As of press release, Xuhui Holdings (00884) rose 24.56% to HK$0.355; Longhu Group (00960) rose 15.79% to HK$11; China Resources Land (01109) rose 12.05% to HK$25.1; Vanke Enterprise (02022) rose 10.33% to HK$6.3; Sunac China (01918) rose 10% to HK$1.32.
According to the news, according to a report by brokerage China, a piece of news about “requesting banks to strengthen financing support for state-owned real estate developer Vanke and calling on debtors to consider extending the maturity period of private debt” is probably the main reason for triggering the real estate stock market. According to what the reporter learned from a stock bank source, there are indeed some rumored phenomena.
CMB International said that the sales side was weak in February, mainly affected by weak transactions during the Spring Festival holiday. March-April sales may continue to maintain the current state of slight restoration due to strong push from developers. On the financing side, regulation may further assist relevant enterprises, such as coordinating the implementation of financing practices. The bank believes that news related to developer debt repayment will continue to disrupt sector performance in March-April.