HK Stock Market Move | The Inner market stocks are all rising, COUNTRY GARDEN (02007) resumes trading with a maximum increase of nearly 30%, the effect of real estate policies is continuing to show.

The real estate stocks are all rising, as of the time of writing, COUNTRY GARDEN (02007) is up 27.84% at HK$0.62; ZHONGLIANG HLDG (02772) is up 20.39% at HK$0.124; RONSHINECHINA (03301) is up 15.38% at HK$0.3; CHINA VANKE (02202) is up 13.54% at HK$5.62; SUNAC (01918) is up 10.63% at HK$1.77. In terms of news, on the evening of January 14, COUNTRY GARDEN released its full-year 2023 results and mid-term 2024 results. As of June 30, 2024, COUNTRY GARDEN achieved total revenue of about 102.1 billion yuan, with a significantly reduced loss compared to 2023. It is worth mentioning that as of June 30, 2024, COUNTRY GARDEN's net assets were 74.1 billion yuan, remaining positive and better than market expectations. The group has implemented various plans and measures, including ongoing discussions with domestic and foreign financial institutions for loans, debt restructuring proposals, etc., to alleviate liquidity pressure and improve the group's financial situation. On January 17, the National Bureau of Statistics released data showing that in December 2024, among the 70 large and medium-sized cities, the prices of commercial residential buildings in first-tier cities rose month-on-month, while the overall decline in second and third-tier cities narrowed. The year-on-year decline in prices in first, second, and third-tier cities continued to narrow. Open Source Securities stated that the adjustment of real estate policies is positive and rapid, and the path to "stabilize the decline" in house prices is emerging. It is expected that the policy adjustments in first-tier cities will provide strong support to the demand side, gradually improve price expectations, and then radiate to second and third-tier cities, gradually realizing the "stabilization of the decline" in house prices, and bringing about improvement in the fundamentals of the real estate market.