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The interest rate of purchasing a second property in hundreds of cities has entered the "3 era". More than 80% of cities have implemented the new policy "517".
With the successive implementation of the "517" real estate policies in various places, the mortgage interest rates in cities have further declined and reached a historical low.
After one week since the implementation of the 'Shanghai Nine Articles': the transaction volume of new houses increased by 34% compared to the previous period, and the turnover of second-hand houses has significantly accelerated.
After the comprehensive relaxation of real estate regulation in Shanghai on May 27th, the housing market has clearly heated up.
Hong Kong stocks saw a slight increase in the three major indexes, with biotech and mainland real estate stocks rising, and Genscript Bio rising more than 10%, while China Vanke rising more than 7%.
There is a divergence in the trend of Network Technology stocks, with Meituan up more than 4% and Bilibili down nearly 1%; Multiple nonferrous metal stocks rose, with Zhaojin Mining up nearly 5% and Aluminum Corporation of China up more than 4%.
Hong Kong stock mid-day review | The three major indexes have slightly strengthened, Meituan has risen more than 4%; Biotechnology stocks have broadly risen, Genscript Bio has risen more than 9%.
Mainland real estate stocks rose across the board, with Radiance Holdings up more than 27% and Sino-Ocean Group up more than 16%; Auto stocks mostly fell, with Great Wall Motor down more than 10% and Li Auto Inc down nearly 3%.
US Treasuries and gold both rose overnight! Signs of a slowdown in the US economy have emerged, further fueling expectations of interest rate cuts.
At this key moment when the global easing wave is expected to sweep through, the market seems to be undergoing a transformation in its pricing of the interest rates set by the Federal Reserve.
Mid-day review | Hong Kong's three major stock indexes rise and fall, mainland real estate stocks rise across the board, Radiance Holdings surges more than 27%.
Hang Seng Index rose 0.22%, ChiNext fell 0.12%, CSI300 rose 0.2%; the concept of contract research organizations in the pharmaceutical industry strengthened, genscript bio rose more than 12%; yankuang energy fell more than 9%.
It continues! Several small and medium-sized banks have lowered the listed deposit rates for some terms starting from June, and the decline can reach up to 30 basis points.
Some small and medium-sized banks have used the deposit interest rate marketization adjustment mechanism and reasonably reduced their cost of debt to improve their operation according to the deposit market and their own operating conditions, which expands the space for further benefiting the real economy. The adjustment time and amplitude of different banks vary according to their own situation and referring to similar banks.
Oil prices have plummeted! Why did OPEC+'s efforts to save the market fail and instead lead to market turmoil?
The discussion confirming the latest decision of OPEC+ confirms that the market is still in a selling mode.
The Medical Insurance Bureau takes action again! Anchor the prices of non-public system drugs to the "instant delivery price" of online sales, what is the impact on the medical and pharmaceutical retail sector?
1. After verification, documents have been issued comparing drug prices from various channels with the "instant quote" from online drug sales platforms. This special action will address unreasonable high drug prices. 2. Different prices for online and offline pharmaceutical products are not uncommon. Some listed pharmaceutical retail companies believe that this is due to the different cost structures of the two, combined with subsidies and other reasons. 3. Industry experts believe that under this policy, pharmacies will operate more compliantly in the future.
US manufacturing PMI has slowed down for the second consecutive month! Gold once stood at 2340.
Due to high loan costs, limited enterprise equipment investment, and weak consumer spending, the manufacturing industry in the USA is struggling to gain growth momentum.
Shipping stocks are rapidly surging! The crisis in the Red Sea has triggered soaring freight rates, and these concept stocks have already doubled in value this year.
In May, the index for block orders (European line) continued to rise, with a cumulative increase of more than 40% throughout the month, and multiple times refreshing historical highs.
In May, the year-on-year decline in the scale of new housing transactions in 100 cities narrowed, and both the month-on-month and year-on-year transaction volumes in Xi'an increased.
The real estate market activity has increased in May, but the effect of the housing market policy still needs further release in the future.
Hong Kong stock market overview: All three major indices have risen, with the technology index up more than 2%. Network technology and Apple supplier stocks have performed well, and Bilibili has risen by nearly 6%, while BYD Electronic has risen by over 7
Automotive stocks rose, with BYD Company and LI Auto Inc up more than 5%; port and shipping stocks rose, with COSCO Shipping Holdings up more than 6% and OOIL up nearly 5%.
The car company's performance in May was impressive! The Hong Kong stock auto sector exploded. Institutions: optimistic that the car market will pick up starting in June
Favorable policies are spreading frequently, and Hong Kong stock auto stocks are strong.
Hong Kong Stock Afternoon Review | The three major indices rose, with the Tech Index rising nearly 3%; Technet stocks and auto stocks strengthened, Bilibili rose nearly 5%, and BYD shares rose nearly 6%
Port and shipping stocks rose one after another. COSCO Offshore Holdings rose nearly 6%, Orient Overseas International rose more than 3%; domestic housing stocks rose many, China's overseas development rose nearly 4%, and China Resources Land rose more than 3%.
The Red Sea is all to blame for the epic “Big Boat Jams”!
The diversion of merchant shipping caused by the Red Sea crisis is triggering a “butterfly effect” around the world. The average shortest transit time from Asia to the Mediterranean has increased by nearly 40%, leading to congestion at major Asian ports such as Singapore, and a drop in the punctuality rate of container ships. The chain effect is also affecting air freight prices.
Intraday Overview | The three major indices of Hong Kong stocks showed strong performance, with the technical index rising more than 3%; auto stocks led the way, and NIO rose more than 5%
TechNet stocks rebounded; Bilibili rose nearly 5%, Meituan rose more than 4%, Tencent, Ctrip, NetEase, and Xiaomi rose more than 3%, and Alibaba rose nearly 3%.
Institutions: Hold high-dividend assets with peace of mind, and have a more flexible layout of Hong Kong stock core assets
The bear market mentality developed over the past few years has made the improvement in risk appetite in Hong Kong stocks not happen overnight. Hong Kong stocks are expected to spiral upward. Currently, the first phase of the market, driven by bearish correction and expected recovery in Hong Kong stocks, has basically come to an end.
Suzhou has completely lifted its restrictions on home purchases, and the real estate industry's fundamentals are expected to improve positively.
On February 6th, the leading group for the trial of long-term mechanism for real estate in Suzhou issued a notice implementing 16 new measures in the housing market. According to the latest policy, purchasing qualification will no longer be examined throughout SuZhou. Meanwhile, the policy offers personal income tax refund for home exchange; and provides deed tax subsidies for purchasing new commodity housing, offering 50% deed tax subsidy, as well as different levels of deed tax subsidies for purchasing new homes after selling old ones.
Big news from the oil market! OPEC+ agrees to extend collective production cuts until the end of 2025
Delegates at the meeting said that these restrictions are aimed at boosting prices and avoiding global oversupply.