Market Insight | MIDEA REAL EST Surges Over 8%, Leading the Real Estate Stocks, Speculated that Existing Home Loan Rates May Be Lowered as Early as This Month
Real estate stocks collectively rose. As of the time of publication, MIDEA REAL EST rose by 8.56% to HKD 2.79; CHINA JINMAO rose by 4.76% to HKD 0.66; CIFI HOLD GP rose by 4.13% to HKD 0.227; China Resources Land rose by 4.12% to HKD 20.2; LOGAN GROUP rose by 4.05% to HKD 0.77. On the news front, market reports suggest that China may reduce the interest rates on existing home loans as early as September, reducing borrowing costs for millions of households to stimulate consumption. Sources indicate that some home loan rates could be immediately cut by up to 50 basis points; commercial banks are making final preparations for the upcoming mortgage rate adjustments. Huatai Securities stated that the adjustment is reasonable, and in the current market environment, interest rate cuts are also a practical and effective policy. The bank believes that lowering the interest rates on existing home loans will reduce the group of early repayments, thereby reducing pressure from second-hand housing sales, helping to stabilize price expectations, and promoting a healthy cycle in the industry
According to the latest information from Zhitong Finance and Economics APP, real estate stocks collectively rose. As of the time of publication, MIDEA REAL EST (03990) rose by 8.56% to HKD 2.79; CHINA JINMAO (00817) rose by 4.76% to HKD 0.66; CIFI HOLD GP (00884) rose by 4.13% to HKD 0.227; CHINA RES LAND (01109) rose by 4.12% to HKD 20.2; LOGAN GROUP (03380) rose by 4.05% to HKD 0.77.
On the news front, market sources indicate that China may reduce the interest rates on existing home loans as early as September, reducing borrowing costs for millions of households and aiming to stimulate consumption. Informed sources suggest that some home loan rates may be immediately lowered by up to 50 basis points; commercial banks are making final preparations to welcome the upcoming adjustment in mortgage rates.
Huatai Securities stated that the adjustment is reasonable, and in the current market environment, interest rate cuts are also a practical and effective policy. The bank believes that the reduction in existing home loan rates will reduce the number of early repayments, thereby reducing pressure from second-hand housing sales, helping to stabilize price expectations, and promoting a healthy cycle in the industry