HK Stock Market Move | In the afternoon, the stocks in the inner market continued to rise, with Guangdong Province taking the lead in issuing special bonds to acquire existing land. Institutions predict that the progress of land acquisition and storage will accelerate.

In the afternoon, real estate stocks continued to rise. As of press time, SHIMAO GROUP (00813) was up 30.34% at 1.16 Hong Kong dollars; SUNAC (01918) was up 14% at 0.285 Hong Kong dollars; LONGFOR GROUP (00960) was up 11.07% at 11.24 Hong Kong dollars; and SUNAC (01918) was up 10.15% at 2.17 Hong Kong dollars. On the news front, on February 23rd, Guangdong Province took the lead in issuing special bonds to fund the acquisition of existing land, becoming the first in the country to do so. This bond issuance will be used to reclaim 86 plots of land reported by 19 cities at the prefectural level, and to reclaim unused existing land projects. Chen Wenjing, director of policy research at the China Real Estate Association, believes that Guangdong Province's issuance of special bonds for the acquisition of idle land sends a more positive signal to the market. Xiangcai Securities previously pointed out that stabilizing quantity and price is the core goal of current real estate policies. With the gradual weakening of the effectiveness of policies such as relaxing purchase restrictions and credit limits, land acquisition and storage is conducive to easing the liquidity and debt pressure of local governments and real estate companies, and to adjusting the market supply and demand relationship. Several cities nationwide have issued announcements for land acquisition and storage projects, and the landing of Guangdong's land acquisition and storage projects will serve as a reference for other cities, with the progress of land acquisition and storage expected to accelerate. It is recommended to focus on top-quality developers with strong financing and land acquisition capabilities, as well as top-tier real estate agencies benefiting from continued active second-hand property transactions, maintaining a "buy" rating for the industry.