Jinwu Financial News | Shell (02423) continued to operate at a low level after opening low. As of press release, it fell 4.37% to HK$32.8, with a turnover of HK$1.39 million.
According to Caixin Securities, new home sales continued their year-on-year decline in the second week of April. Housing prices across the country continued to decline, the scale of land market transactions continued to shrink, and the overall popularity of the market was still low. Against the backdrop of insufficient demand for home purchases, the real estate market is under high pressure to remove inventory, and subsequent land supply adjustments may be accelerated to achieve a new balance between supply and demand. According to the bank, from a policy perspective, both the central and local governments are continuing to promote the optimization and implementation of real estate policies. It is expected that all parts of the country will accelerate the implementation of more support policies. With the improvement of the “guarantee+market” housing supply system, there is still room to release demand for housing purchases.