HK Stock Market Move | In the domestic stock market, prices are generally rising, with two departments promoting the expansion and effectiveness of the white list project. The combination of real estate policies is showing significant effects.

In-house stocks generally rose. As of press time, SINO-OCEAN GP (03377) rose by 7.35% to 0.365 Hong Kong dollars; ZHONGLIANG HLDG (02772) rose by 6.29% to 0.169 Hong Kong dollars; R&F PROPERTIES (02777) rose by 5.06% to 1.87 Hong Kong dollars; SUNAC (01918) rose by 4.33% to 3.37 Hong Kong dollars. On the news front, since September, various departments of the central government have been implementing a precise "combination of real estate policies" with obvious effects. Data from the Ke's Research Center shows that in October, the TOP100 real estate companies achieved a sales turnover of 435.49 billion yuan, an increase of 73% over the previous month, and the performance scale reached the second highest of the year. Compared with the same period last year, it increased by 7.1%, achieving a year-on-year positive growth in monthly performance for the first time this year after 8 consecutive months of decline since February. In addition, the "National Real Estate Market Monitoring System" of the Ministry of Housing and Urban-Rural Development showed that in October, the total sales volume of new commercial housing and second-hand houses nationwide increased by 3.9% year-on-year, achieving growth for the first time after 8 months of continuous decline since February. On November 5th, according to the "China Construction News" public account news, the China Banking and Insurance Regulatory Commission and the Ministry of Housing and Urban-Rural Development recently jointly held a training session on expanding and enhancing the effectiveness of the "white list" projects in urban real estate development, guiding local authorities to effectively carry out related work. According to the "Shenzhen Finance" news, currently, banks in Shenzhen have approved 67 "white list" projects, with an approved amount exceeding 80 billion yuan. Next, the banking industry in Shenzhen will promote the expansion and enhancement of the urban real estate financing coordination mechanism and continue to increase the lending intensity of "white list" projects.