00817 CHINA JINMAO
- 0.610
- -0.010-1.61%
CHINA JINMAO News
China Jinmao Secures Digital Services Deal Until 2026
Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
Hong Kong Stock Market Abnormality | Mainland real estate stocks rebounded in early trading, and the year-on-year decline in commodity housing sales decreased significantly. The effect of policy in core cities is relatively positive and significant.
Mainland real estate stocks rebounded in early trading. As of press time, China Vanke (02202) rose 4.74% to HKD 4.86; China Jinmao (00817) rose 4.48% to HKD 0.7; Logan Group (03380) rose 4% to HKD 0.78; Shimao Group (00813) rose 4.55% to HKD 0.92.
According to Zhongzhi Research Institute, the merger and acquisition activity in the real estate industry continued to increase in June.
According to Zhongzhi Research Institute monitoring, there were 17 merger and acquisition trades in the real estate industry in June 2024, an increase of 2 compared to the previous month.
GF Sec: Land Activation Fund Established, New Home Sales Turn Positive year-on-year in early July.
GF sec released research reports stating that the state-owned assets supervision and administration commission has set up a special fund for land consolidation with a total size of 30 billion yuan and requires central SOEs to report pilot projects to try to solve the problem of long-term high inventory in the real estate market. On the local policy side, this week still mainly focuses on relaxing housing provident fund policies and providing housing subsidies to boost demand, and various regions are still exploring new policies to stimulate demand.
htsc: The land market supply and demand continues to be weak, focusing on real estate companies with core urban resources.
The land market is still weakly running in the first half of 2024, and the trend of shrinking volume continues, while the previously maintained rising transaction average price also decreased year-on-year in the first half of the year.
China Jinmao Reports Strong Mid-Year Sales
China Jinmao (00817.HK): The cumulative contracted sales amount in the first half of the year amounted to a total of 44.54 billion yuan.
On July 8th, Groco announces that China Jinmao (00817.HK) has obtained a sales contract of RMB 13.3 billion and a sales area of approximately 0.81 million square meters in June 2024. As of the end of June 2024, the Group has accumulated a total contract sales amount of RMB 44.54 billion (including the Changsha Meixi Lake International New Town Project, Nanjing Qinglongshan International Ecology New Town Project, Ningbo Life Sciences City Project, Jiaxing Shanghai Window Smart Science City Project, Zhengzhou Erqi District Mazhai New City Project, Wenzhou Aojiang International New Town Project, and Jinhua Jinmao Future City Project, if any).
Express News | China Jinmao - June Contracted Sales RMB13,300 Mln
China Jinmao (00817.HK): Jinmao Group has issued an exercise notice to Huafu Securities.
On November 24, 2021, Shanghai Congmao and Jinmao Group, an indirectly wholly-owned subsidiary of China Jinmao (00817.HK), respectively entered into a partnership agreement and an asset-backed securities subscription agreement with Huafu Securities to prepare for the establishment of an asset-backed securities plan named Jinmao Huafu - Jinmao Hotel Xin Xuan No.1 asset support special plan. The plan aims to securitize the group's assets and raise funds for the group's operation and business development. On the same day, Jinmao Group also entered into a priority purchase rights agreement with Huafu Securities, allowing Jinmao Group to enjoy corresponding priority purchase rights under the special plan.
HK Stocks Soar: Mainland Real Estate Industry Rises as Policy Boosts Housing Market Recovery; Sales Decline of Top 100 Property Developers Narrows Continuously in First Half of the Year.
Mainland real estate stocks are all rising, as of the time of publication, China Overseas Development (00688) rose 3.8% to HKD 14.2; Yuexiu Property (00123) rose 3.25%, to HKD 5.08; China Jinmao (00817) rose 3.23%, to HKD 0.64.
HTSC: Stabilization of housing prices in Beijing and Shanghai sends bullish signals and is expected to accelerate the recovery of the real estate market.
HTSC stated that several volume and price indicators in first-tier cities have shown improvement compared to the previous period. In particular, the cessation of the decline in housing prices in Beijing and Shanghai has conveyed bullish signals, and it is expected to accelerate the expectation of real estate market recovery. It is still necessary to continue to monitor the sustainability of the recovery of volume and price in core cities.
Chinese Property Share Prices Likely Volatile Ahead of Third Plenum -- Market Talk
htsc: There are signs of real estate sales recovery after the new policy.
HTSC stated that since 517, there have been signs of real estate sales recovery.
Ke Rui: In the first half of the year, the total amount of land acquired by the top 100 real estate companies decreased by 40% year-on-year, which is the largest decline since 2023.
Overall, in the first six months, corporate investment has continued to shrink. The total amount of land acquired by the top 100 investors in the first half of the year decreased by 40% year-on-year, the largest decline since 2023.
According to Zhongzhi Research Institute, the total sales amount of the top 100 real estate developers in the first half of the year was RMB 2083.47 billion, a year-on-year decrease of 41.6%.
China Real Estate Research Institute released the sales performance ranking of Chinese real estate companies in the first half of 2024.
China Jinmao (00817) has received a total shareholding of approximately 177 million shares from its controlling shareholder.
Zhongjinmao (00817) announced the progress of the controlling shareholder's shareholding plan. To show confidence in the company's future development and recognition of the long-term investment value of the company's stocks, its controlling shareholder Sinochem Hong Kong purchased 159.34 million ordinary shares of the company on the Hong Kong Stock Exchange from April 10, 2024 to the date of this announcement using its own funds. Since the announcement of its shareholding plan, Sinochem Hong Kong has accumulated 176.84 million ordinary shares of the company. As of the date of this announcement, Sinochem Hong Kong actually owns approximately 5.184 billion ordinary shares of the company, accounting for approximately the issued shares of the company.
China Jinmao (00817.HK): CHEM HK has accumulated the purchase of 177 million shares.
China Jinmao (00817.HK) announced that the board of directors has received further notice from China Chemical Hong Kong (Group) Co., Ltd. ("China Chemical Hong Kong"), including its shareholding plan and related progress of the company's controlling shareholder. To demonstrate confidence in the company's future development and recognition of the long-term investment value of the company's stocks, China Chemical Hong Kong purchased 159.34 million shares of the company's ordinary stocks on the Hong Kong Stock Exchange with its own funds from April 10, 2024 to the date of this announcement. Since the announcement of its shareholding plan, China Chemical Hong Kong has accumulated 176.84 million shares of the company's stocks.
China Jinmao (00817.HK) has appointed Chen Yijiang as a non-executive director.
China Jinmao (00817.HK) announced on June 26 that (i) Mr. An Hongjun resigned as the company's non-executive director and member of the audit committee due to the need to devote more energy to other public affairs, and (ii) Mr. Chen Yijiang was appointed by the board of directors as the company's non-executive director and member of the audit committee, both effective from June 26, 2024.
Mainland real estate stocks rebounded in the afternoon. Agile Group (03383) rose by 3.85%. Citic Securities pointed out that in order for the real estate market to enter a positive cycle, financial and tax policies need to be strengthened.
Inner-city real estate stocks rebounded in the afternoon, with Agile Group (03383) up 3.85%, Logan Group (03380) up 2.67%, China Jinmao (00817) up 1.59%, CIFI Holding Group (00884) up 1.45%, and Shimao Group (00813) up 1.32%. On June 24th, the Ministry of Housing and Urban-Rural Development and the China Banking and Insurance Regulatory Commission jointly held a video conference on policy training for home purchase. The meeting emphasized that the work of safeguarding home purchases is an important measure to implement the central government's decision-making and deployment. The meeting pointed out that in order to further play the role of the urban real estate financing coordination mechanism and better meet the needs of urban real estate.
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