HK Stock Market Move | Today, the real estate and property management stocks bounced back, with regulators expressing support for real estate financing. Institutions believe this will help drive the cyclic upturn again.

The stock prices of interior design and property management companies rebounded today. As of the time of drafting, CH OVS G OCEANS (00081) rose by 8.52%, to 1.91 Hong Kong dollars; SUNAC (01918) rose by 7.85%, to 2.06 Hong Kong dollars; LONGFOR GROUP (00960) rose by 6.68%, to 10.48 Hong Kong dollars; CHINA RES MIXC (01209) rose by 7.99%, to 31.1 Hong Kong dollars; S-ENJOY SERVICE (01755) rose by 3.42%, to 3.02 Hong Kong dollars. On the news front, on February 17th, the China Securities Regulatory Commission proposed to "coordinate the financing support and risk prevention and control of bond defaults of real estate companies". On February 19th, the China Banking and Insurance Regulatory Commission proposed to "make good use of the 'white list' mechanism, play the 'combination punches' of various real estate financing tools, and meet the reasonable financing needs of various real estate enterprises, including private real estate companies, in different stages and phases." Tianfeng pointed out that the statement such as "meeting the reasonable financing needs of various real estate enterprises, including private enterprises, in different stages and phases" appeared for the first time. Combined with the positive attitude of the China Securities Regulatory Commission towards real estate financing, there may be potential room for expansion in the scope, channels, and intensity of support for real estate financing. Against the backdrop of nearing the end of supply-side clearance and the gradual establishment of demand-side stabilization, financing support for enterprises may help to reinvigorate the upturn cycle, such as the increase in financial leverage for "national central enterprises" benefiting from financing support, debt resolution for "yet to be at risk private enterprises", and benefits for "at-risk real estate companies" in terms of stock delivery; future financing policy support will still be based on the existing framework, with increased intensity.