Daily summary of Real Estate Industry dynamics (2025-01-20)
On January 20, according to news from the Peking Planning and Natural Resources Committee, the Peking Planning and Natural Resources Committee jointly issued and implemented the "Beijing 2025 Construction Land Supply Plan" with the Municipal Development and Reform Commission.
Concerns over supply drove Brent crude oil to a cumulative increase last week, with Deutsche Bank looking to raise the forecast to 90 dollars.
Concerns about the USA's latest sanctions on Russia leading to supply disruptions, as well as strong winter demand for heating fuels, caused Crude Oil Product Futures to rise last week.
The popular games ranking for December 2024 has been released: the classic mobile games "Honor of Kings" and "Peace Elite" are ranked Top 1 and Top 2 on the download chart respectively.
Recently, Qimai Data released the list of popular games in December 2024, which includes the Top 30 popular game downloads and the Top 30 popular game revenue rankings.
The LPR remained unchanged in January. Will mortgage rates decrease again in 2025?
① Since January, the policy interest rates, which are the basis for LPR Quotes, have stabilized, suggesting that the January LPR Quote will remain unchanged. ② There is a possibility of interest rate cuts in the first half of 2025, with the total reduction expected to reach 50 basis points for the year, which is higher than the 30 basis points reduction from the previous year, leading to a significant downward adjustment of the LPR Quote.
Market update | Meituan surged nearly 7%, with online reservations for New Year's Eve dinner increasing more than threefold, expected to benefit from the surge in Consumer spending during the Spring Festival.
Meituan continued to rise in the early trading session today, up 6.77%, trading at HKD 157.8, with a transaction amount exceeding HKD 4.432 billion.
Market Overview | The Hong Kong stock market continues to rise! The Hang Seng Index once returned to the 0.02 million point mark, Network Technology stocks advanced strongly, with JD.com, Meituan, and Alibaba all rising over 5%.
Futu News reported on January 20 that Hong Kong stocks opened higher and continued to rise, with the Hang Seng Index aiming for 0.02 million points, and the Hang Seng TECH Index once rising over 3%.