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Mid-day overview: Hong Kong stocks are consolidating with the Hang Seng Index up nearly 2%; Mainland real estate is booming with Shimao Group up more than 14%.
Network technology rose, JD.com Group rose more than 4%, Meituan, Alibaba, Tencent Holdings, and Kuaishou all rose more than 2%.
New development in the real estate market! Shenzhen banks confirm that they will only issue mortgages after the principal cap has been reached for personal loans.
Banks will only issue personal housing mortgage loans to housing projects with capped main structures. The relevant regulations will officially take effect from the 5th.
Midday Snapshot | The gains of the three major Hang Seng indexes narrowed, auto stocks were strong, and NIO Inc stock rose over 6%.
Golden industrial concept leads the gains, with Lingbao Gold up over 6%, Zijin Mining Group and SD Gold up over 4%, Zhaojin Mining and Chi Silver GP up over 3%.
Is the bottom in sight? Bullish signals continue to accumulate in the real estate industry, with a significant outperformance of the large cap in July.
The real estate industry, which has been in a slump for a long time, has recently shown some bullish signals.
Express News | Several regions have initiated the screening and push of the third batch of 'white list' projects.
Express News | GTJA: The effect of real estate policies is prominent, and sales improvement exceeds expectations.
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