The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.
The research institute found that the disclosure rate of the ESG reports of listed Property Service companies reached 95.65% overall.
The Zhongzhi Research Institute has released the 2024 ESG evaluation research report for listed Property Service companies in China.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | Central Economic Work Conference: Continuing efforts to stabilize the real estate market and halt the decline.
Beijing, Shanghai, Guangzhou, and Shenzhen have all canceled the standards for ordinary and non-ordinary housing!
On November 22nd, the Guangzhou Municipal Housing and Urban-Rural Development Bureau, Guangzhou Municipal Finance Bureau, State Administration of Taxation, and Guangzhou Municipal Taxation Bureau issued a notice regarding the cancellation of the standards for ordinary residences and non-ordinary residences in Guangzhou. The standards for ordinary residences and non-ordinary residences are cancelled, and will be implemented starting from December 1, 2024.
Rongchuang and others were forcibly executed for 6.86 billion.
On November 21st, Gelonghui | Tianyancha's legal litigation information shows that recently, Sunac Real Estate Group Co., Ltd. added 5 new persons subject to enforcement and information on resuming enforcement, with a total execution amount of over 6.86 billion yuan, involving disputes over sales contracts, bill-related disputes, etc. Some of the parties subject to enforcement include Peking Fanhai Dongfeng Real Estate Co., Ltd., and Oriental Movie Metropolis Sunac Investment Co., Ltd., with the enforcing courts including Peking Third Intermediate People's Court and Chongqing Pilot Free Trade Zone People's Court. Tianyancha's risk information shows that Sunac Real Estate Group Co., Ltd. currently has over 440 persons subject to enforcement, with a total enforcement amount exceeding 50.7 billion yuan.
Hong Kong stock concept tracking | Guangzhou will acquire existing commodities under 90 square meters city-wide as indemnificatory apartments. The collection of existing commodities is accelerating (with related concept stocks attached).
Guangzhou Anju Group announced on November 18 that it will acquire existing commodities of 90 square meters or less throughout the city as indemnificatory apartments. Developers interested in participating can register from November 18 to December 18.
Sunac Services Unit Proposes Debt Restructuring Plan
HSBC Research's investment rating and target price for residential and property management stocks (Table)
HSBC Research released a research report on the investment ratings and target prices of internal housing and property management stocks as follows: Stock | Investment Rating | Target Price Agile Group (03383.HK) | Hold | HK$0.7 C&D Intl Group (01908.HK) | Buy | HK$21.1 China Overseas (00688.HK) | Buy | HK$19.4 China Res Land (01109.HK) | Buy | HK$35.6 China Vanke (02202.HK) | Hold | HK$8 Sunlight REIT (00884.
HSBC Research: China Evergrande domestic debt restructuring positive news may boost market risk appetite and set a precedent for the industry.
HSBC Research published a research report stating that sunac (01918.HK) is promoting domestic debt restructuring. It is reported that the company plans to provide four options to creditors for the domestic bond restructuring plan in order to reduce the size of the domestic bonds by about half, reducing about 15.5 billion yuan RMB. It is believed that the bullish news can enhance market risk appetite. The bank pointed out that financially troubled domestic property developers continue to face tight liquidity issues after the first round of debt restructuring, mainly due to a decrease in contracted sales amounts. The key to the success of future rounds of debt restructuring by domestic property developers lies in whether they can effectively reduce existing debt burdens. It is believed that this time, sunac will
Sunac Services Unit Invests 650 Million Yuan in Wealth Management Products
Sunac Services announced the subscription of affiliated financial products.
Sunac Services (01516) announced that on February 7, 2024 and February 19, 2024, the company's subsidiary Sunac Zhijia subscribed to fixed income financial products provided by Everbright Financial Services, with amounts of RMB 0.1 billion and RMB 0.2 billion respectively; on February 27, 2024, Sunac Zhijia subscribed to financial products as trustee by China Foreign Trade Trust, with an amount of RMB 0.35 billion.
sunac services (01516.HK) failed to report the subscription of financial products worth 0.65 billion RMB.
Sunac Services (01516.HK) announced that it failed to disclose in a timely manner the subscription wealth management products. On February 7, 19, and 27 this year, the subsidiary Sunac Real Estate subscribed to Everbright Wealth Management and China Foreign Trade Trust as the trustees of wealth management products, with a total amount of 0.65 billion RMB, which has been paid from its own funds. The company will implement remedial measures, including continuously improving internal management mechanisms; and enhancing communication, coordination, and reporting arrangements of relevant departments.
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
The new real estate policy is about to be a month old! Peking's second-hand housing transactions hit a new high, while Shenzhen's new home sales exceeded 0.01 million units.
Nearly a month after the comprehensive new real estate policies introduced at the end of September, the policy effects are clearly evident.
Hong Kong stock concept tracking | The State Council Information Office will hold a press conference on promoting the stable and healthy development of the real estate market. Real estate continues valuation recovery (with concept stocks)
The State Council Information Office will hold a press conference at 10:00 on Thursday, October 17, 2024, with Minister of Housing and Urban-Rural Development Ni Hong, as well as officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission, introducing the relevant situation of promoting the stable and healthy development of the real estate market, and answering questions from reporters.
Express News | Notice: The State Council Information Office will hold a press conference on the promotion of the stable and healthy development of the real estate market on the 17th.
HSBC research predicts that property sales in October to December will show more signs of recovery in Dah Sing.
HSBC research released research reports pointed out that during the National Day golden week holiday (October 1st to 7th), the real estate market in China showed good sales performance, reflecting the effectiveness of a series of support policies recently introduced by the authorities. The latest statistics from Ke Media show that sales area in 22 major first-tier and second-tier cities in the mainland increased by 42% and 23% respectively year-on-year, with Shenzhen and Guangzhou increasing by 242% and 51% respectively, and major second-tier cities Hangzhou and Suzhou increasing by 373% and 205% respectively. HSBC research believes that the sales recovery mainly comes from the improvement in market sentiment and potential buyers accelerating their home purchase decisions. Sales data from October to December will
CICC rates investment in property management stocks in DaHang and target price (table).
CICC published a research report on property management investment ratings and target price as follows: Stock | Investment Rating | Target Price (HK$)Wanwuyun (02602.HK) | Outperform Industry | 21.8 yuanPoly PPT SER (06049.HK) | Outperform Industry | 30.4 yuanChina OVS PPT (02669.HK) | Outperform Industry | 6 yuanGreentown SER (02869.HK) | Outperform Industry | 4.6 yuanSunac Services (01516.HK) | Outperform Industry | 2.2 yuanYongsheng Services (01995.HK)