Changes in Hong Kong stocks | Domestic housing stocks continue to rise, Rongxin China (03301) once soared more than 50% in the afternoon, and the market focused on tomorrow's real estate press conference

The Zhitong Finance App learned that domestic housing stocks continued to rise; Rongxin China (03301) rose 42.86% to HK$0.6; Zhongliang Holdings (02772) rose 19.83% to HK$0.145; Sunac China (01918) rose 17.27% to HK$2.58; R&F Real Estate (02777) rose 11.33% to HK$1.67; Vanke Enterprise (02202) rose 10.13% to HK$7.39.

According to the news, the Information Office of the State Council is scheduled to hold a press conference at 10 a.m. on October 17. Ni Hong, Minister of Housing, Urban-Rural Development, and heads of the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China, and the State Financial Supervision and Administration, will introduce the situation relating to promoting the steady and healthy development of the real estate market and answer questions from reporters. Earlier, on October 12, the Ministry of Finance announced the introduction of a package of fiscal incremental policies, including supporting the real estate market through the combined use of tools such as special bonds, special funds, and tax policies.

Furthermore, on October 16, Tianjin issued the “Notice of the General Office of the Tianjin Municipal People's Government Forwarding Certain Measures to Further Optimize Real Estate Policies to Better Meet Residents' Reasonable Housing Needs” from six departments including the Municipal Housing, Urban-Rural Development Commission. According to the latest policy, Tianjin loosens the property market in areas such as lifting restrictive measures, implementing loose finance guidelines, and promoting exploration of new development models. Regarding the lifting of restrictive housing measures, the “Notice” proposes to abolish restrictive measures on the purchase and transfer of newly built commercial housing and second-hand housing in Tianjin. Guidance on the upper sales price limit for newly built commercial housing will no longer be implemented. At the same time, the standard for ordinary housing and non-ordinary housing in Tianjin was abolished.