There are signs that the liquidity environment is improving. Housing enterprises collectively implement debt restructuring.
Mortgage rates continued to decline in September, reaching as low as 86 cities.
Real estate revenue to rebound in H2
Due to the impact of COVID-19 outbreaks, weak market expectations and tepid demand, Chinese real estate developers' sales revenues were more than halved in the first six months. However, as the contagion is gradually being contained in major Chinese cities and home sales are progressively improving, property developers are expecting a better second half.
Big Bank report | the latest ratings and TPs of JPMorgan to the internal housing and property management unit (table)
JPMorgan Chase & Co published a research report that said that the expected domestic housing industry is likely to be further pushed into the third quarter. And update the investment level and target of a domestic housing stock and property management stock: internal housing stock │ level │ target (HK $) China overseas Development (01109.HK) │ increase │ 45 China overseas Development (00688.HK) │ increase │ 32 sector Enterprise (02202.HK) │ increase │ 25 Lake Group (00960.HK) │ increase │ 50 02007.HK (02007.HK) │ increase │ 7.6 Asset Holdings (00884.HK) │ increase │ 6 financing China (0)
Citic Trust risk Resolution New Bureau Guangzhou City Investment participates in Evergrande debt restructuring
Citic Trust received a letter from Guangzhou City Investment Group a few days ago that it will resolve the risk of Evergrande Guangdong project by way of project surrender. If the scheme can be implemented smoothly, it will become a new mode for trust companies to resolve the risks of real estate projects after mergers and acquisitions.
China Evergrande Group: inside information-expected to delay the release of audited results in 2021
Hong Kong shares decline as property, tech stocks weigh
Hong Kong's Hang Seng Index closed 1.7% lower at 24243.61, weighed by broad declines across sectors ahead of the U.S. Federal Reserve meeting.
It is reported that the national project resumption rate of Evergrande (03333.HK) has reached 91.7%. The Pearl River Delta Company has completed the delivery of more than 5000 units.
According to domestic media, citing a post on 03333.HK 's social platform, Evergrande's national project resumption rate has reached 91.7%, with 89000 people returning to work, and more than 53000 buildings have been handed over in the fourth quarter. Among them, Evergrande Pearl River Delta Company has delivered 19 projects in Foshan, Heyuan, Zhaoqing, Qingyuan, Yangjiang, Shaoguan, Chaozhou and other cities since the end of December 2020. It is reported that at present, Evergrande Pearl River Delta Company has fully resumed work and production of 63 projects under construction, and more than 5000 houses have been delivered for 19 projects so far by the end of December.
"Daihang report" Daiwa: if the inner house is allowed to use pre-sale funds to solve financial difficulties, it is positive that the worst of the industry is over.
Daiwa issued a report that the market rumors that the authorities intend to make it easier for internal housing developers to obtain pre-sale funds in escrow accounts in order to solve the serious financial difficulties of the industry. The bank believes that if the news is true, the relaxation of pre-sale fund management will have a positive impact on the cash flow and solvency of many mainland developers, and the bank believes that the worst of the inner housing credit policy is over. However, the bank also believes that the industry has not completely got out of the predicament, maintains a "neutral" position on inner housing, and continues to be optimistic about financially strong internal housing stocks, including 00960.HK, China Resources Land (01109.HK) and Xuhui (00884.HK).
One-year and five-year LPR interest rates "double down" Shimao, time, Longguang, Hejing and Rongchuang will rise by 10% and 13%.
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. World