Next China, Hong Kong Stock Rally Will Likely Need Concrete Property Sector Policy
Hong Kong and China's stock market rally in May was driven by the re-rating of valuations to a more normalized level from the extremely bearish sentiment and investor positioning, thanks to the govern
China's SOEs Buying Excess Property a Major Step Forward in Rescue Plan
China's state-owned enterprises buying excess housing from the market could be a big leap forward in rescuing the country's property sector as it opens the door for direct public financing, ANZ Resear
Hong Kong stock market concept tracking | Real estate market trading activity was active during the Dragon Boat Festival holiday and institutions believe that opportunities for medium and long-term trades may appear frequently. (Attached concept stocks)
According to the data on the official website of Shanghai Real Estate Trading Center's "Online Real Estate", nearly 960 second-hand housing transactions were signed in the two days before the Dragon Boat Festival, exceeding the total number of transactions during the 5-day "May Day" holiday. The rebound in second-hand housing transactions means that the replacement chain can be activated as soon as possible.
Court Adjourns Country Garden's Winding-Up Hearing
Hong Kong's High Court adjourned the hearing of a winding-up petition against Country Garden Holdings (HKG:2007) until July 29, according to a Thursday filing on the Hong Kong bourse. Ever Credit file
Express News | Country Garden Holdings - on 5 June 2024, High Court Ordered Hearing of Petition to Be Further Adjourned to 29 July
Express News | Country Garden Holdings - Update on Winding-up Petition
Country Garden (02007.HK): In May, the sales amount of contracted sales attributable to shareholders' equity was RMB 4.29 billion.
Country Garden (02007.HK) announced on June 5th that the Group, together with its joint venture and associated companies, achieved a total contract sales amount of approximately RMB 4.29 billion for the month of May 2024, with a contracted sales gross floor area of approximately 440,000 square meters, attributable to the company's shareholders' equity.
Express News | Country Garden Holdings - May Contracted Sales Attributable RMB 4.29 Bln
HTSC: China's mortgage rates may still have room to fall and remain bullish on the valuation repair of the real estate sector.
HTSC remains bullish on the real estate sector's valuation recovery, focusing on robust real estate developers with more resources in core cities and improved product capabilities, as well as property management companies with resilient performance, stable cash flow, and generous dividends.
Citi Downgrades Country Garden Holdings to Sell From Neutral; Price Target Is HK$0.40
12:17 AM EDT, 06/04/2024 (MT Newswires) -- Citi Downgrades Country Garden Holdings to Sell From Neutral; Price Target is HK$0.40 Price (HKD): $0.49, Change: $+0.01, Percent Change: +1.04%
China Property Firms Could Revamp Business Models Amid Consolidation -- Market Talk
China's property companies could transform their business models amid accelerating industry consolidation, Citi analysts say in a research note.
[Hong Kong Stock Connect] According to reports, Country Garden (02007) plans to sell Changxin Storage shares to raise about RMB 2 billion
Jinwu Financial News | According to reports, the venture capital division of Country Garden (02007), which is in debt crisis, is seeking to sell its undisclosed shares in mainland chip manufacturer Changxin Storage to raise about 2 billion yuan. Relevant reviews are ongoing.
Open Source Securities: Inventory pressure still exists in the property market, and subsequent financing progress is still worth paying attention to
According to incomplete statistics from Open Source Securities, as of May 28, 2024, 14 provinces (including Shenzhen, Shanghai, and Guangzhou) have introduced “trade-in” policies for commercial housing. Among them, Jiangsu, Shandong, and Zhejiang have implemented the most cities. In terms of urban energy levels, first-tier cities Shenzhen, Shanghai, and Guangzhou have successively implemented “trade-in” policies, and third-tier cities have implemented more “trade-in” policies.
Hong Kong Stock Concept Tracking | Shanghai adjusts and optimizes property market policies, institutions are optimistic that real estate recovery will spread from core cities to other cities
The real estate market is experiencing a wave of recovery spreading from core cities to other cities.
CITIC Construction Investment Securities: China Real Estate Has Entered the “Consumer Goods Era”
To understand the current reality of real estate in China and the direction of China's real estate policy, we need to pay full attention to the fact that real estate in China has moved from one big era (era of investment goods) to another (era of consumer goods).
Yuexin Health (002162.SZ): The company's ceramic tiles are currently not supplied to Vanke, Country Garden, or Poly
Gelonghui, May 21丨Yuexin Health (002162.SZ) said on the investor interactive platform that the company's ceramic tiles are currently not supplied to Vanke, Country Garden, and Poly.
Open Source Securities: Real estate investment and sales data continued to be low in April, and the market is still adjusting
Open Source Securities released a research report saying that after the Politburo meeting on April 30, the central government introduced a number of loose home purchase loan policies. Various regions lifted purchase restrictions in core cities such as Hangzhou and Xi'an due to city policies. The policy side was more active than before.
SDIC Securities: The new real estate policy goes hand in hand, and the collection and storage of state-owned assets is expected to accelerate and continue to be optimistic about the performance of building materials in the good production chain
The real estate industry has ushered in major favorable policies. Purchase restrictions have been relaxed in many places, and mortgage relaxation policies have exceeded expectations. Trade-in and state-owned assets collection and storage are expected to accelerate. The sales side and financing side are taking multiple measures together to help the building materials industry recover demand and improve repayments, and priority benefits for consumer building materials in the real estate chain.
China Likely to Roll Out More Property Easing Measures, GS Says
China is likely to roll out more property easing measures, especially on the demand side, Goldman Sachs analysts say in a research note. China's new housing stimulus measures announced Friday could st
Country Garden Winding-Up Petition Hearing Adjourned
The High Court adjourned the hearing of a winding-up against Country Garden Holdings Company (HKG:2007) until June 11, according to a Friday filing on the Hong Kong bourse. Price (HKD): $0.49, Change:
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