Mortgage policy adjustments are gradually entering a “climax” in various regions! Within a day, more than 20 cities in Guangdong and Yunnan provinces were landed, and there was still no movement in the north to Guangshen
① Today, Guangdong made adjustments to the differentiated housing credit policies of 19 cities, including Zhuhai, Shantou, and Foshan. ② Yunnan Province announced that the province will implement the “517” new policy starting May 25. ③ Industry insiders believe that with the exception of very few megacities such as Guangzhou and Shenzhen in the north, the overall policy is a “relaxation to the end” trend to maximize the effects of policy easing on the property market.
First week of the “517” new property market policy: second- and third-tier cities relayed to land, first-tier cities temporarily “stand still” and pressure on bank interest spreads increased
First-tier cities have higher stock mortgage rates. Interest rate cuts involve psychological differences among stock mortgage customers. Therefore, there is no change in interest rates in first-tier cities. Ordinary second-tier and third-tier and fourth-tier cities first cut down payment ratios and commercial loan interest rates.
Express News | Economic Daily: Make full use of real estate financing coordination mechanisms
Changes in US dollar bonds | Agile Group AGILE 5.5 05/17/26 price fell 7.988% to 7.112
AGILE 5.5 05/17/26, issued by Agile Group on May 23, fell -7.988% at a current price of 7.112, with a yield of 230.225%.
After the official announcement of the lifting of the lower interest rate limit, several banks in Fuzhou quickly responded that the interest rate for the first home loan dropped to 3.3% and the second set fell to 3.75%
Fuzhou announced that on the basis of abolishing the lower interest rate limit for the first home loan, the lower interest rate limit for the second home loan was abolished, and the local bank quickly implemented it.
Goldman Sachs recently announced that overseas hedge funds have increased their holdings of Chinese stocks for the fourth week in a row. How will the market go in the future?
Foreign investors are buying up Chinese assets.
Changes in US dollar bonds | Agile Group AGILE 13.476 PERP price fell 3.757% to 4.162
The current price of AGILE 13.476 PERP issued by Agile Group on May 23 dropped -3.757% yield-% at 4.162.
Highlights of the morning brokerage meeting: After the new real estate policy, the two directions are expected to usher in favorable policies
At today's brokerage morning meeting, Huatai Securities believes that abolishing the minimum mortgage interest rate limit is expected to speed up the restoration of fundamentals; CITIC Securities said that the proposal focuses on the investment value of real estate companies with high land reserves in core cities, smooth financing channels, and strong development capabilities; after the new real estate policy, what policies may exceed expectations? CITIC Construction Investment believes that the two directions are expected to benefit from favorable policies.
Express News | CITIC Securities: The proposal focuses on the investment value of real estate companies with a high share of land storage in core cities, smooth financing channels, and strong development capabilities
The down payment ratio for the first home was adjusted to 15%, and mortgage interest rates were reduced by 20BP, 30BP... Intensive adjustments in many places, and the industry expects more cities to follow suit
Since the central bank's new mortgage policy was announced on May 17, many places have implemented relevant policies one after another. Following places such as Wuhan, Hefei, and Changsha, today, the Finance Association reporter learned that Jinan and other places have also reduced the down payment ratio to the lower limit, that is, the down payment ratio for the first home was reduced to 15%, and the down payment ratio for the second home was reduced to 25%. At the same time, just like Wuhan and Hefei, Jinan also lowered mortgage interest rates, and interest rates for first and second home loans were reduced by 20 basis points.
New real estate policies have been implemented in many places, and how to implement the abolition of the lower interest rate limit has become a common expectation
After the lower mortgage interest rate limit was lifted and down payment ratios lowered at the national level, how to follow up on policies in detail in various regions has become the next thing the market can look forward to.
Changes in US dollar bonds | Agile Group AGILE 5.5 05/17/26 prices rose 3.387% to 7.522
The current price of AGILE 5.5 05/17/26, which was issued by Agile Group on May 22, rose +3.387%, and the yield was 221.776%.
After the New Deal, the latest property market transaction data is out! What do you think of the future market?
Transactions in the new housing market have rebounded from a low level, but not yet at the peak in March. New housing activity has increased in many places; currently, the second-hand housing market is recovering in a spotty manner in some cities.
CITIC Construction Investment Securities: China Real Estate Has Entered the “Consumer Goods Era”
To understand the current reality of real estate in China and the direction of China's real estate policy, we need to pay full attention to the fact that real estate in China has moved from one big era (era of investment goods) to another (era of consumer goods).
Express News | On the first weekend after the New Deal, the number of visits to various properties in Agile East China quadrupled
Hong Kong domestic housing stocks are once again active. China Overseas Hongyang Group (00081.HK) and Shimao Group (00813.HK) both rose more than 7%, Vanke Enterprise (02202.HK) rose more than 6%, Sunac China (01918.HK) rose more than 4.5%, Xincheng Devel
Hong Kong domestic housing stocks are once again active. China Overseas Hongyang Group (00081.HK) and Shimao Group (00813.HK) both rose more than 7%, Vanke Enterprise (02202.HK) rose more than 6%, Sunac China (01918.HK) rose more than 4.5%, Xincheng Development Holdings (01030.HK), Agile Group (03383.HK), and China Jinmao (00817.HK) all rose more than 3%.
Express News | Securities Daily: Digesting up existing real estate to create a better environment for the recovery of the property market
Changes in US dollar bonds | Agile Group AGILE 8.375 PERP price rose 14.352% to 4.050
The current price of AGILE 8.375 PERP issued by Agile Group on May 22 rose by 4.050 +14.352% yield -%.
Changes in US dollar bonds | Agile Group AGILE 6.05 10/13/25, the price rose 3.868% to 7.386
AGILE 6.05 10/13/25, which was issued by Agile Group on May 21, rose +3.868% yield --% at a current price of 7.386.
The new property market policy is being implemented! The interest rate for the first home in Changsha is 3.65%, and the down payment is 15%, and the characteristics of “city-specific policies” are highlighted in various regions
Since the central bank's “517 New Deal” was issued, many places have followed up and implemented adjustments in down payment ratios, mortgage interest rates, etc.
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