HK Stock Market Move | Inner Chamber shares rally at the close, COUNTRY GARDEN (02007) up nearly 13% SHIMAO GROUP (00813) up nearly 9%

In the final trading session, the stocks in the real estate sector rose. As of the time of writing, Country Garden (02007) rose by 12.9% to 0.7 Hong Kong dollars; Shimao Group (00813) rose by 8.86% to 0.43 Hong Kong dollars; R&F Properties (02777) rose by 7.25% to 0.74 Hong Kong dollars; Sino-Ocean Group (03377) rose by 6.13% to 0.173 Hong Kong dollars. On the news front, several real estate companies have made progress in debt restructuring recently. On the afternoon of September 15, Sunac Group disclosed that the overall debt restructuring plan for its 7 domestic debts was approved by the bondholders' meeting, involving a total amount of approximately 10.06 billion yuan. In addition, Kaisa Group announced on September 2 that its overseas debt restructuring had made significant progress. By extending debt repayment, debt-to-equity conversion, and asset disposal, Kaisa has systematically optimized its original debt structure, with the restructuring plan expected to take effect formally by the end of September. Prior to this, Longfor's domestic debts and the overseas debts of Shimao, YuZhou, and other real estate companies have been successfully restructured. In addition, the market will welcome the results of the September FOMC meeting in the early hours of September 18th Beijing time. The market generally believes that a rate cut by the Fed in September is a "done deal". Sinolink stated that considering the expectation of a Fed rate cut boosting liquidity, the current low valuation of the real estate sector suggests buying real estate stocks on dips. Guosen believes that the fundamentals of the real estate sector weakened further in August, and with the current weak fundamentals, especially the trends in housing prices, it is difficult for real estate stocks to have a trend. However, since August, Beijing, Shanghai, and Shenzhen have successively introduced policies to relax home purchase and mortgage restrictions, creating a window of opportunity for policy bargaining in the real estate sector in September.