Changes in Hong Kong stocks | Domestic housing stocks collectively fell, and the Xiaomao index rose sharply yesterday and lacked a clear catalyst. Expectations are that this round of rebound is only short lived

The Zhitong Finance App learned that domestic housing stocks fell collectively. As of press release, Sunac China (01918) fell 4.92% to HK$0.58; Xincheng Development (01030) fell 4.38% to HK$1.42; and R&F Real Estate (02777) fell 1.9% to HK$0.207.

According to the news, according to the July 2026 sales performance ranking announced by Kerry, the sales volume of the top 100 real estate companies reached 1591.82 billion yuan in July, a year-on-year decrease of 14.6%. Tu Lilei, an analyst at Cathay Pacific Haitong Securities, said that the market entered the traditional low season in July. It is expected that markets in key cities will continue to recover, housing enterprises will step up their marketing efforts, and the decline in sales performance of key housing enterprises is expected to continue to shrink.

J.P. Morgan Chase released a research report saying that the domestic housing sector surged by about 5% yesterday, but there was no clear industry news. It is believed that the market may be stimulated by news of the five-year urban renewal plan. However, the relevant plan was announced as early as May 2026. This is not new news, and the investment estimate of 15 trillion yuan has also been mentioned many times. The bank expects that without new news or clear catalysts, the current round of rebound is expected to be short-lived.