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Longfor Group to Issue $254 Million RMB Bonds
11:17 PM EDT, 06/30/2022 (MT Newswires) -- Longfor Group (HKG:0960) will issue up to 1.7 billion yuan ($254 million) renminbi-denominated bonds maturing in six years, the Chinese property developer sa
Longfor Group (00960) subsidiary plans to issue corporate bonds of no more than 1.7 billion yuan
Zhitong Financial APP News, Longfor Group (00960) issued an announcement that the subsidiary Chongqing Longhu Enterprise Development Co., Ltd. will issue 2022 corporate bonds (the third issue) on July 4 and 5, 2022. The issuance size of corporate bonds (the third issue) in 2022 will not exceed 1.7 billion yuan (including 1.7 billion yuan).
In order to alleviate the shortage of new housing supply, Shenzhen will add 60,000 commercial housing units this year.
Intraday Quick View | the three major indices fluctuated in a narrow range. Inner housing and property management stocks went higher hand in hand, with Sunac Services up more than 8%.
As of press time, the Hang Seng Index is down more than 1% and the Dow Index is down more than 2%. On the market, new energy automobile stocks fell to the top, science and Internet stocks mostly fell, Tencent rose against the market and rose more than 1%; tourism stocks and catering stocks generally fell back. Education stocks rose significantly, New Oriental Education & Technology Group online, Yuhua Education rose nearly 3%, insurance stocks, oil stocks strengthened.
Quick look in intraday trading | the index rose nearly 2% at one point, and auto stocks and inner housing stocks showed a strong trend.
As of press time, the rise of the Hang Seng Index narrowed to 0.48%, while the Hang Seng Technology Index rose 0.72%. Large-scale technology stocks are generally weak, Meituan is down nearly 3%, Bilibili Inc. and Kuaishou Technology are down more than 1%; automobile stocks are collectively strong, Li Auto Inc. is up more than 8%, XPeng Inc. is up 7%; most shipping stocks are down, Pacific Shipping is down nearly 9%, and Orient Overseas is down nearly 5%.
Rebound or reverse? Sales data of housing enterprises pick up
The June data of housing enterprises in major cities showed a pick-up trend, mainly because the policy stimulus began to appear; on the other hand, promotional activities during the holidays (Dragon Boat Festival) pulled some second-tier cities weak. The agency suggests to pay attention to real estate development enterprises, property management enterprises, real estate brokerage enterprises.
Opinion | has the inflection point of real estate sales arrived yet?
About 90% of the first-and second-tier cities have reached an inflection point. Combined with historical experience and the current market environment, the inflection point of real estate sales across the country will have to wait another 2-4 months.
Housing sales are recovering and inventory overstocking has only a short-term impact.
On June 20, Hong Kong's inner housing stocks continued to rise, with Country Garden Holdings up more than 8% and China Overseas Land & Investment up more than 9%.
Longfor Group (00960) proposes to pay a final dividend of 1.23 yuan per share.
Zhitong Financial APP News, Longfor Group (00960) issued an announcement that the company intends to pay a final dividend of 1.23 yuan per share.
House prices in 70 cities in May: the year-on-year increase of house prices in all lines has dropped or expanded.
The prices of new and second-hand houses in first-tier cities rose by a month-on-month, while those in second-and third-tier cities declined.
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