Affected by the favorable news of the China HKMA's promotion of the promotion of property market measures, China's real estate stock price soared on Monday (November 14), and the stock price of major mainland real estate companies rose by more than 30%.
Comprehensive Reuters and surging news reports, China ’s large real estate companies Country Garden, Longhu Group, Yajule Group, R & F Group, Longguang Group, and Hejing Taifu Group, etc.30%.Hang Seng's Mainland Real Estate Index rose 15%.
China A shares also opened collectively on the 14th.Among them, the Shanghai Stock Exchange's comprehensive stock price index opened by 0.54%, the stock price index of the Shenzhen Stock Exchange's ingredients was 0.52%, and the GEM index opened by 0.06%.
The Hong Kong Hang Seng Index opened 3.89%, and the Hong Kong Hang Seng Technology Index rose 5.56%.China Real Estate, Finance, and Science and Technology sectors have highly opened. Country Garden Service, Longhu Group, and Country Garden rose nearly 15%to lead the blue chips, and China's Ping An rose nearly 9%.
In terms of exchange rate, the RMB against the US dollar was reported to 7.0899, raising 1008 basis points, the highest since September 27, 2022, and the increase will be the largest since July 22, 2005.
China Financial Supervisory Department has introduced 16 heavy measures to boost the weak property market from multiple levels such as real estate enterprises' financing, insurance diplomatic relations, and personal loans.Analysis is optimistic that a new round of rescue policy accelerates the bottom of the property market. It is expected that real estate stocks will rise sharply this week.
The China Internet Sunday (November 13) has circulated a notice on the current financial support of the stable and healthy development of the real estate market. Many media also quoted sources to confirm the authenticity of the document.According to the online pictures, this document released on November 11 is the settlement of the Bank of China and the CBRC.
