03377 SINO-OCEAN GPWatchlist
About SINO-OCEAN GP Company
Ocean Group Holdings Limited was founded in 1993 and listed on the main board of the Hong Kong Stock Exchange Limited on September 28, 2007 (stock code: 03377.HK). The main shareholders are China Life Insurance Co., Ltd. and Dajia Life Insurance Co., Ltd. So far, Ocean Group has been selected by Hang Seng Index Limited as a constituent stock of a range of indices, including the Hang Seng Composite Index (HSCI), the Hang Seng Composite Industry Index - Real Estate and Construction, the Hang Seng Hong Kong Stock Connect Index, and the Hang Seng China State-owned Enterprises Index. With the strategic vision of “the creator of building health and social value”, Ocean Group is committed to becoming a comprehensive industrial company with investment and development as its main business to develop new related businesses. Its main business includes housing development, real estate development and operation, property services and construction industry chain services. Collaborative businesses include real estate finance, pension services, logistics real estate, data real estate, etc. In China's rapidly developing cities and urban agglomerations, Ocean Group has more than 310 real estate projects at various stages of development, including Beijing, Shijiazhuang, Taiyuan and Qinhuangdao in the Beijing region; Tianjin, Qingdao, Jinan and Dalian in the Bohai Rim; Shanghai, Hangzhou, Nanjing and Suzhou in the East China region; Shenzhen, Guangzhou, Fuzhou and Hong Kong in the South China region; Wuhan, Zhengzhou, Hefei and Changsha in the central China region; Chengdu, Chongqing, Xi'an and Kunming in the western China region. Furthermore, the company's business has expanded overseas to Singapore, Indonesia, etc. As of June 30, 2022, the land reserve is approximately 49 million square meters.
Changes in Hong Kong stocks | Domestic housing stocks mostly open higher in early trading, real estate optimization policies frequently go out, CCB summons 6 housing companies to hold a symposium
Most domestic housing stocks opened higher in early trading. As of press release, China Evergrande (03333) rose 3.7% to HK$0.28; Ocean Group (03377) rose 3.45% to HK$0.6; and Midea Real Estate (03990) rose 3.18% to HK$6.49.
Tianfeng Securities: How to build a new real estate development model?
The Zhitong Finance app learned that Tianfeng Securities released a research report saying that the decline in total volume, high inventories, and structural differentiation are the three main problems in the current real estate market.
Shenzhen Housing Move Spurs Hopes of Easing
South China's Shenzhen in Guangdong province relaxed curbs on local home purchases by lowering payment requirements for second homes to as low as 40 percent effective Thursday.
For Chinese property developers, $CHINA OVERSEAS(00688.HK)$ and $LONGFOR GROUP(00960.HK)$ spiked 3.5% and 4.7%. $CHINA RES LAND(01109.HK)$ swelled 2.6%. $SINO-OCEAN GP(03377.HK)$ , to convene fourth creditors' meeting tomorrow, intends to extend interest payment deadline to mid-November. Its shares open 4.9% higher at $0.43.