HK Stock Market Move | Property management stocks rise along with real estate stocks, there is still room to exert force in areas such as mortgage loan rates, and property management risks are gradually being cleared.

Early in the morning session, property management stocks followed the rise of real estate stocks. As of press time, ONEWO (02602) rose by 10.59% to HKD 19.84; POLY PPT SER (06049) rose by 7.6% to HKD 27.6; CHINA RES MIXC (01209) rose by 6.88% to HKD 25.65; A-LIVING (03319) rose by 6.31% to HKD 2.36; CG SERVICES (06098) rose by 5.11% to HKD 4.32. On the news front, the National Bureau of Statistics previously released the basic situation of the national real estate market from January to August. Huatai pointed out that the decline in development investment has narrowed, while the completion decline has significantly widened. Sales decline compared to the same period last year has also narrowed, but the decline in house price index has expanded. The continuous implementation of the "financing coordination mechanism" is expected to continue to alleviate the financing pressure of real estate companies. With the call for "stabilizing real estate", the interest rate cuts and tightening policies are gradually being implemented operationally, which is expected to boost confidence in the real estate market, stabilize it as soon as possible, and provide valuation repair space for the sector. In addition, CITIC SEC believes that there is still ample room for policy adjustments, such as mortgage interest rates, provident fund loan amounts, personal income tax deduction of mortgage interest, house purchase restrictions, and household registration policies. EB SECURITIES previously stated that the expectation of a rate cut by the Federal Reserve has increased, domestic real estate policies are continuously improving, and the risks in property management are gradually being cleared, highlighting the value of sector allocation.