Changes in Hong Kong stocks | Domestic housing stocks rose the most, and 828 new policy rules were introduced in many places, agencies say mortgage interest rate discounts are in need of immediate release

The Zhitong Finance App learned that domestic housing stocks had the highest gains. As of press release, Ocean Group (03377) rose 6.45% to HK$0.033; Agile Group (03383) rose 4.96% to HK$0.148; Vanke Enterprise (02202) rose 4.42% to HK$2.835; and Sunac China (01918) rose 3.39% to HK$0.61.

According to the news, following the first-tier cities Beijing, Shanghai, and Guangzhou, the second-tier city of Wuhan also followed up with the introduction of the “8.28” new policy rules. According to monitoring data from the China Index Research Institute, as of September 24, the country had introduced more than 870 real estate-related policies, of which the country introduced more than 280 real estate-related policies in the third quarter, continuing the trend of high-frequency implementation of policies in the first half of the year.

It is worth noting that the Ministry of Finance and other ministries and departments have issued notices on implementing interest rate discount policies for residents' home purchase loans. Galaxy Securities pointed out that the current financial interest rate discount focuses on supporting ordinary households to buy new small to medium housing units and lower priced housing. It mainly covers groups in need. Through interest rate discounts, the pressure on monthly payments is reduced, thereby encouraging groups in need to release demand for housing purchases. Combined with the existing housing sales policy introduced earlier, we believe that housing enterprises with steady cash flow management and good at project operation are expected to cross the cycle.