HK Stock Market Move | City announces 10 trillion economic stimulus plan, real estate stocks soar again, with multiple stocks increasing by over 20%

In the stock market, the increase in property stocks continued to expand. As of the time of writing, SHIMAO GROUP (00813) rose by 29.27% to 1.59 Hong Kong dollars; RADIANCE HLDGS (09993) rose by 26.13% to 3.91 dollars; R&F PROPERTIES (02777) rose by 22.47% to 2.18 Hong Kong dollars; RONSHINECHINA (03301) rose by 22.22% to 0.77 Hong Kong dollars; SUNAC (01918) rose by 14.86% to 3.71 Hong Kong dollars. On the news front, there have been rumors in the market recently that China is considering approving the issuance of over 10 trillion yuan in bonds over the next few years to boost the economy. If Trump wins the election, China may consider announcing a stronger fiscal stimulus package. Rumors suggest that any details will be announced after the meeting of the National People's Congress Standing Committee from November 4th to 8th. Informants point out that the last day of the meeting will approve a new fiscal stimulus package, including the issuance of 6 trillion yuan in bonds. It is worth mentioning that since September, various central departments have precisely implemented a series of "real estate policy combinations" and their effectiveness is evident. Data from the Centaline Research Center shows that the top 100 real estate companies achieved a sales turnover of 435.49 billion yuan in October, a month-on-month increase of 73%, reaching the second-highest performance scale of the year. This is a 7.1% year-on-year increase, the first monthly year-on-year positive growth in performance this year after eight consecutive months of decline since February. In addition, data from the Ministry of Housing and Urban-Rural Development's "National Real Estate Market Monitoring System" shows that the total volume of transactions of new and second-hand homes in October increased by 3.9% year-on-year, achieving growth for the first time after eight consecutive months of decline since February this year.