HK Stock Market Move | In the afternoon, the Inner House stocks went up, Citigroup believes that the return on equity is expected to continue to improve, HSBC is optimistic about the structural recovery of the real estate market.

In the afternoon, stocks of inner room went up. As of the press release, R&F Properties (02777) rose by 5.77% to 1.1 Hong Kong dollars; SUNAC (01918) rose by 4.43% to 1.65 Hong Kong dollars; Xuhui Holdings (00884) rose by 1.69% to 0.241 Hong Kong dollars; SEAZEN (01030) rose by 1.47% to 2.07 Hong Kong dollars. On the news front, the Guangdong Provincial Government held an economic situation analysis meeting for the first quarter of the year on April 21. The meeting emphasized the need to continue efforts to stabilize the real estate market, strengthen the planning, design, and construction of "good houses," and vigorously promote urban renewal and the transformation of urban villages. In addition, since the beginning of the year, the heat of land auctions in core cities has been continuously increasing. According to research by the China Real Estate Index Institute, from January to April, the monthly average premium rates in 22 key cities have been around 20%. In April, Beijing, Hangzhou, Chengdu, Suzhou, Chongqing, and Nanjing successively auctioned high premium plots. Citigroup released a report stating that the next two years will be a good time to invest in the Chinese real estate sector. This is due to the improvement in asset turnover rate and pricing driving continuous improvement in return on equity, while major cities are expected to see good sales in June. HSBC also mentioned that the low interest rates, tight supply, and normalizing credit conditions have created favorable conditions for the structural recovery of the real estate market.