U.S. Stock Market Movement | Chinese concept stocks rise, KE surges more than 7%
Chinese concept stocks rise, KE rises more than 7%. KE announced that more than a year after entering the real estate development field, it successfully won the bid for the H12 plot in the third phase of the Jinjiang Financial City in Chengdu, with a land area of 15,800 square meters, a transaction price of 1.076 billion yuan, a floor price of 27,300 yuan/square meter, and a premium rate of 42.19%
According to Zhitong Finance, on Monday, Chinese concept stocks rose. As of the time of publication, KE Holdings (BEKE.US) surged over 7%, Tencent Music (TME.US) rose over 5%, Huya (HUYA.US) rose over 4.6%, Li Auto (LI.US) rose over 4%, Baidu (BIDU.US) rose nearly 4%, Nio (NIO.US) rose over 3.8%, and XPeng Motors (XPEV.US) rose over 1.9%. In terms of news, after more than a year of entering the real estate development field, KE Holdings announced that it has secured its first independent project. On September 20th, Chengdu launched the H12 plot in the third phase of the Jinjiang Financial City. The land area of this plot is 15,800 square meters, with a starting bid floor price of 19,200 yuan per square meter. After 82 rounds of bidding with more than a dozen real estate companies such as Jinmao, China Merchants, and Greentown, the plot was finally won by KE Holdings' subsidiary, Beihaojia (Chengdu) Real Estate Co., Ltd., at a price of 1.076 billion yuan, with a transaction floor price of 27,300 yuan per square meter, a premium rate of 42.19%