HK Stock Market Move | Inland property stocks collectively fell. Moody's believes that the real estate market has not bottomed out yet, and sales are expected to continue to decline in 2026.

In the local stock market, RONSHINECHINA (03301) fell by 5.42% to 0.157 Hong Kong dollars; CH OVS G OCEANS (00081) fell by 5.22% to 2.18 Hong Kong dollars; R&F PROPERTIES (02777) fell by 5% to 0.57 Hong Kong dollars; GREENTOWN CHINA (03900) fell by 4.82% to 8.3 Hong Kong dollars. In terms of news, data from the National Bureau of Statistics shows that from January to September, the sales area of newly built commercial housing in China was about 6.58 billion square meters, a decrease of 5.5% year-on-year. In terms of sales revenue, the sales revenue of newly built commercial housing in the first three quarters was about 6.3 trillion yuan, a decrease of 7.9% year-on-year. Furthermore, according to The Paper News, the domestic debt restructuring plan that RONSHINECHINA originally planned to launch in October has not yet been finalized, and there is a plan to further extend the relevant bonds. In addition, on October 29, Fitch Ratings Director of Corporate Ratings in the Asia-Pacific region, Shi Lulu, pointed out that the Chinese real estate industry has not yet bottomed out, and there is uncertainty about the recovery trend. Although the market briefly stabilized in the first quarter of this year, new home sales and prices have fallen into a downward trend since April, with further declines in June. The price decline of second-hand homes also continues to widen, with no exceptions in first-tier cities. Looking ahead to 2026, sales in the real estate market may continue to decline.