Good news in the property market came one after another, and real estate stocks soared collectively!
On the afternoon of May 15th, with the assistance of real estate and big financial sectors, the A-share market staged a big counterattack. At the close, the Shanghai Composite Index closed at 3,154.03 points, an increase of 1.01%; Shenzhen Component Index rose by 1.1%, and Growth Enterprise Market Index rose by 1.12%.
All A rose more than 1%, and the market turnover on that day was 889.973 billion yuan. On the market, 4,085 stocks closed red, 152 were flat and 1,124 were green.
The real estate sector rose in a straight line in the afternoon, and Shenwan’s first-class increase exceeded 7%.
In terms of individual stocks, () the daily limit is 20CM, and the daily limit of the real estate sector is as many as 27.
Among the large-cap stocks, () and Vanke A, two billion giants, both have daily limit; () Approaching the daily limit, it rose by 9.3% at the close.
In the bond market, as of press time, many Vanke bonds and Xuhui bonds were among the top gainers, with "22007", "20008" and "22002" rising by more than 10%.
In the news, on the morning of May 17th, a nationwide video conference was held in Beijing. He Lifeng, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Vice Premier of the State Council, stressed at the meeting that we should seriously study and understand the spirit of the important speech of the Supreme Leader General Secretary, thoroughly implement the deployment of Politburo meeting of the Chinese Communist Party, deeply understand the people’s and political nature of real estate work, continue to adhere to the city’s policy, lay a solid foundation for tackling the risks of unfinished commercial housing, and solidly promote key tasks such as ensuring the delivery of houses and digesting existing commercial housing.
On the same day, the National Bureau of Statistics released the basic situation of the national real estate market from January to April 2024, and the indicators of real estate investment, sales and financing continued to decline.
Liu Aihua, spokesman of the National Bureau of Statistics, chief economist and director of the National Economic Statistics Department, said that from the main data in the real estate field in April, real estate continued to be in a period of adjustment. In the next stage, we should combine the new changes in the relationship between supply and demand in the real estate market and the people’s new expectations for high-quality housing, make overall research on policies and measures to digest existing real estate and optimize incremental housing, and pay close attention to building a new model of real estate development to promote high-quality real estate development.
At noon on May 17th, the central bank issued three real estate financial policy notices in succession, canceling the lower limit of the national commercial personal housing loan interest rate policy for the first home and the second home, lowering the personal housing provident fund loan interest rate by 0.25 percentage point, and adjusting the minimum down payment ratio for personal housing loans.
According to market sources, the Ministry of Housing and Urban-Rural Development, the State Financial Supervision and Administration, state-owned commercial banks and other ministries and institutions have respectively transferred their key personnel in the real estate field and set up joint working groups; The scope of assistance for "guaranteeing the delivery of houses" will be further expanded, and the method of purchasing existing houses is also in the pipeline. Hangzhou has previously issued purchasing and storage policies and measures, taking the lead in the country.
In addition, at 4pm on May 17th, the State Council Press Office held a routine briefing on the State Council policy. The heads of the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, the People’s Bank of China and the State Financial Supervision and Administration introduced the relevant policies for ensuring the delivery of houses, and answered questions from reporters. It is expected that there will be more heavy news about the real estate sector.
关于作者