Changes in Hong Kong stocks | Domestic housing stocks are falling again, institutions say the new policy prioritizes improving trading volume and liquidity price restoration still needs to be observed

The Zhitong Finance App learned that domestic housing stocks fell again. As of press release, Sunac China (01918) fell 5.79% to HK$0.57; Midea Real Estate (03990) fell 5.26% to HK$2.52; R&F Real Estate (02777) fell 2.4% to HK$0.203; and Xincheng Development (01030) fell 1.07% to HK$1.385.

According to the news, Beijing recently announced a major new property market policy. China Post Securities pointed out that the new policy is expected to significantly boost the transaction activity of first-tier core cities around the “gold nine silver ten” and give priority to supporting the restoration of the immediate demand and replacement chain. The impact of the policy will first be reflected in improvements in transaction volume and liquidity, and price restoration still requires observing fundamentals and policy continuity.

Caixin Securities, on the other hand, said that although the national sales data is still declining, the core cities with a focus on high-quality housing enterprises have shown a continuous trend of structural improvement, and sales of high-quality housing enterprises are still growing year on year. The section has overreacted to pessimistic expectations, and it is recommended that the left-hand layout be carried out in the short term. It is recommended to focus on high-quality developers who are deeply involved in first-tier and core second-tier cities, as well as leading real estate brokers benefiting from a recovery in second-hand housing transactions.