Changes in Hong Kong stocks | Domestic housing stocks fell across the board, and real estate data in June is still weak. Real estate is positioned as a consumer of heavy duty commodities

The Zhitong Finance App learned that domestic housing stocks declined across the board. As of press release, Sunac China (01918) fell 6.9% to HK$0.54; China Resources Land (01109) fell 3.35% to HK$33.46; and Xincheng Development (01030) fell 2.78% to HK$1.4.

According to the news, data released by the National Bureau of Statistics shows that in January-June, the country's cumulative sales area of commercial housing was 401.4 million square meters, down 11.6% year on year, up 0.8 percentage points from January to May; cumulative development investment completed during the period was 3807.4 billion yuan, down 18.0% year on year, and 1.8 percentage points higher than in January-May. Furthermore, the “Fifteenth Five-Year Plan” to expand consumption officially includes housing consumption in the category of consumption of durable goods.

Great Wall Securities pointed out that this indicates that the “living and consumption” attribute of real estate will be more dominant than the “investment and speculation” attribute, and that the policy orientation will also shift from a series of restrictive measures in the past to support and promote consumption in order to boost market confidence. At the same time, the “Plan” uses terms such as quality, wisdom, transformation, and quality to describe real estate. It also shows that the real estate tone is gradually changing from “securing buildings and preventing risks” to improving quality such as urban renewal and “good house” construction.