HK Stock Market Move | Country Garden (02007) opened more than 14% higher today, officially included in the Hong Kong Stock Connect list from today.

COUNTRY GARDEN (02007) opened more than 14% higher, rising 14.58% as of the close, at 0.55 Hong Kong dollars, with a turnover of 31.33 million Hong Kong dollars. On the news front, the Shanghai Stock Exchange and Shenzhen Stock Exchange respectively announced that the Hang Seng Composite Large Cap Index, Mid Cap Index, and Small Cap Index would be adjusted, effective from September 8. COUNTRY GARDEN and other stocks were added to the list of Hong Kong-listed stocks. It is worth mentioning that first-tier cities such as Beijing, Shanghai, and Shenzhen have recently implemented measures to optimize restrictions on home purchases. Sinolink pointed out that it is expected that real estate transaction volume will rebound in the fourth quarter, helping to stabilize the fundamentals. Considering the expectation of an interest rate cut by the Federal Reserve to boost liquidity, the current valuation of the real estate sector is relatively low, and it is recommended to buy real estate stocks on dips.