The people's Bank of China lowered the one-year LPR interest rate for the second month in a row, with the latest cut of 10 basis points to 3.7%, in line with market expectations. In addition, the 5-year LPR was lowered from 4.65% to 4.6%, the first drop in 21 months. After days of winning, inner housing stocks generally continue to rise today, especially Sunac China (01918.HK) rose for the third day from a five-year low. Today, the stock price lifted weights for 10 days and 20 antennas (10.26 yuan and 10.74 yuan), reaching a peak of 11.04 yuan. It is now trading at 10.66 yuan, up 12.7 percent, and trading continued to rise to 264 million shares, involving an investment of 2.8 billion yuan.
Shimao (00813.HK), time China (01233.HK), Longguang (03380.HK) and Hejing Pacific (01813.HK) also rose 10%, 11%, to 6.16,4.31,6.55 and 5.06 yuan, respectively.
Agile (03383.HK), Hesheng Chuangzhan (0754.HK), R & F (02777.HK), China Evergrande Group (03333.HK) and Xuhui (00884.HK) rose 4.5%, 5.8%, 4.35,17.08,3.68,1.88 and 5.79 yuan respectively (a record high for half a year).
However, blue-chip 00688.HK and 01109.HK continued to rise to 24 yuan and 39.35 yuan, which reached a high of nearly half a year and 10 months respectively, and the U-turn fell 0.6% and 0.9%, respectively, to 22.8 yuan and 37.35 yuan respectively.