Changes in Hong Kong stocks | Rumors of “large-scale demolition” were refuted, Chongqing Iron and Steel Co., Ltd. (01053) fell 12% Sichuan-Cheng-Chongqing Expressway (00107) fell 7%

The Zhitong Finance App learned that Hong Kong stocks, which were stronger yesterday, generally declined in early trading. As of press release, Chongqing Iron & Steel (01053) fell 12.28% to HK$1; the Sichuan-Cheng-Chongqing Expressway (00107) fell 7.05% to HK$3.43.

According to the news, recent rumors about large-scale demolition and industrial transfers in Sichuan sparked a buzz in the market. Some netizens claim that their family has received huge compensation for the demolition. In response, staff of the Chengdu Housing and Urban-Rural Development Bureau told the media that this incident was all a rumor, and none of them were true; the Chengdu Housing Group issued a clarification on the “Chengdu Demolition Map”: The relevant demolition projects involved in the demolition map all came from public market data, and were all published inland within a year or longer, and were not concentrated recently.

Also, the recent Internet rumored investment of 2.15 trillion yuan in Sichuan actually stemmed from old news in April of this year. In April of this year, Sichuan Province released the “2024 List of Key Projects to Accelerate Early Work in Sichuan Province”, which lists 330 proposed major projects, with an estimated total investment of 2.15 trillion yuan. It is worth noting that on September 27, the State Council approved the “Chengdu Territorial Space Master Plan (2021-2035)”. On October 12, the Information Office of the Chengdu Municipal Government held a relevant press conference to understand the above plan.