HK Stock Market Move | Intrabolts continued to rise yesterday, real estate companies no longer required to report the "three red lines," multiple leading real estate companies made substantial progress in debt restructuring.

Shares in the real estate sector continued to rise yesterday. As of the time of publication, Sunac (01918) rose by 12.62% to 1.16 Hong Kong dollars; Country Garden (02007) rose by 7.27% to 0.295 Hong Kong dollars; Shimao Group (00813) rose by 6.28% to 0.22 Hong Kong dollars; China Vanke (02202) rose by 4.55% to 3.91 Hong Kong dollars. In terms of news, according to Caixin News, some real estate companies have reported that they are no longer required by regulatory authorities to report the "three red lines" indicators on a monthly basis. However, some troubled real estate companies have been asked to regularly report financial indicators such as asset-liability ratios to specialized teams in the cities where their headquarters are located. In addition, since the beginning of the year, several leading real estate companies have made substantial progress in issuing bonds. Huatai stated that the relief of pressure on industry leaders is conducive to stabilizing expectations in the short term, combined with the recent anticipation of property policies heating up, which may bring about opportunities for valuation repair in real estate stocks. China International Capital Corporation believes that the real estate industry still faces certain pressures. It is expected that there may be appropriate policy adjustments by the end of the first quarter of 2026. If the policy direction is clear and the adjustments are strong, the rate of decline in the market may narrow in the second quarter. The real estate sector in 2026 has certain investment value.