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china property stocks are on a strong uptrend! ronshine china soared more than 3 times, shimao, agile, and zhongliang holdings doubled

2024-10-02

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ronshine china soared more than three times, with its share price hitting a new high in more than a year and a half since march 10 last year; agile group soared more than 1.3 times, with its share price hitting a new high in nearly a year and a half since late april last year; zhongliang holdings soared about 1.6 times. approaching a 5-month high; shimao group surged 1.1 times, and its stock price hit a new high since it resumed trading at the end of july last year after being suspended for nearly 16 months.

on september 29, the ministry of housing and urban-rural development and the state administration of financial supervision jointly held a national video conference on the promotion of guaranteed housing delivery. guide all localities to further leverage the role of urban real estate financing coordination mechanisms and take strong and effective measures to promote the real estate market to stop falling and stabilize as soon as possible. on the evening of the same day, shanghai, guangzhou, and shenzhen successively adjusted their property market purchase restriction policies.

on the evening of september 30, beijing released new policies for the property market, including lowering existing mortgage interest rates, lowering the minimum down payment ratio for personal housing loans, reducing the number of years for non-beijing households to pay social security or personal tax when purchasing a house, and adjusting the housing purchase restriction policy in tongzhou district. measure. so far, all four first-tier cities have introduced policies on the eve of the national day holiday. except for guangzhou, which has canceled its purchase restriction policy, the other three cities have lowered the threshold for purchase restrictions in the property market.

according to huafu securities, with the support of many favorable policies, it is expected that the short-term second-hand housing market will be more sensitive and give priority to the destocking of new houses, promoting the stabilization and recovery of housing prices. as old second-hand houses that have been fully adjusted in house prices are destocked, their house prices rise first and are transmitted to sub-new and new houses. under the strong beta market, it is recommended to allocate index targets while taking into account the low pb targets of hong kong stocks.