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The property market is making another big move! The Shanghai Provident Fund can buy a house in Jiangsu, Zhejiang, and Anhui. The purchase price of commercial housing in Guangzhou is based on “land price+construction and security cost”
On the evening of May 31, Shanghai introduced another major real estate support policy. Provident funds deposited in Shanghai can buy houses in the three provinces of Jiangsu, Zhejiang, and Anhui. In fact, since the central bank launched a real estate support policy with multiple arrows on May 17, local rules have been implemented rapidly, and real estate support policies have continued to be updated. //The Shanghai Provident Fund can buy a house in Jiangsu, Zhejiang, and Anhui//On May 31, according to the “Shanghai Provident Fund Release”, starting June 1, 2024, employees who meet the following conditions can apply to withdraw the balance of the city's housing provident fund account to repay in Jiangsu, Zhejiang, or Anhui
Express News | Agency: The monthly sales of TOP100 real estate companies increased 4.95% month-on-month in May
Express News | Report: Total sales of TOP100 real estate companies were 1618.45 billion yuan, and the year-on-year decline narrowed for four consecutive months
Express News | CITIC Securities: Optimistic about the structural demand for home purchases brought about by “secondary urbanization”
Hong Kong Market Overview | The three major indices continued to weaken, with the Hang Seng Index falling more than 1%; semiconductor stocks and Apple concept stocks bucked the trend, SMIC rose nearly 5%, and Shunyu Optics rose more than 6%
Domestic housing stocks declined, with Sunac China falling nearly 7%, and Vanke falling more than 4%; gold stocks fell one after another, Zijin Mining fell more than 5%, and China Gold International fell nearly 4%.
Hong Kong Stock Afternoon Review | The three major indices weakened, the Hang Seng Index fell more than 1%, semiconductor stocks rose against the market; gold stocks and domestic housing stocks fell, and Zijin Mining fell nearly 6%
Many shares of Technology Network declined, with Meituan falling more than 2% and Jingdong falling more than 1%; semiconductor stocks rose, Jingmen Semiconductor rose nearly 15%, and Huahong Semiconductor rose nearly 5%.
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