HK Stock Market Move | BEKE-W(02423) has risen by more than 5%. There may be a new round of intensive policy announcements after the Spring Festival. Power Construction Corporation of China, Ltd. has reached a strategic cooperation with Beikejia.

BEKE-W(02423) is now up more than 5%, as of the time of writing, up 5.29%, at 46.8 Hong Kong dollars, with a turnover of 60.0811 million Hong Kong dollars. On the news front, Lin Zechang, Director General of the Fiscal Department of the Ministry of Finance, stated at a press conference on the 10th that the scope of special bond use will be expanded; on the 14th, Pan Gongsheng, Governor of the central bank, stated that the risk level of China's real estate market has greatly weakened, and the overall transaction level of the market has improved. Dongguan Securities pointed out that within the newly issued special bond quotas in 2025, local governments can coordinate and arrange funds for land reserves and the acquisition of existing commercial housing as needed, both of which policies will gradually be released in 2025. It is expected that a new round of policies will be announced and implemented intensively after the Spring Festival, boosting market sentiment and driving a small spring housing market. In addition, on January 7th, Power Construction Corporation of China, Ltd. signed a strategic cooperation agreement with Beike Family at the headquarters of Beike Group in Beijing. According to the agreement, the two parties will establish an information and resource sharing mechanism, forming a strategic partnership in the field of real estate project investment and development, and construction. It is reported that Power Construction Corporation of China, Ltd. has had successful cooperation cases with Beike Family in the past. This strategic cooperation with Power Construction Corporation of China, Ltd. is a successful validation of Beike Family's C2M model, providing a demonstration of mutual benefit for the industry.