Hong Kong stocks fluctuate | Property stocks surge in the afternoon, three departments promote the implementation of policies on purchasing first-time home loans, "recognizing houses without recognizing loans" measures.

According to Dolphin Research APP, real estate stocks surged in the afternoon. As of the time of writing, Country Garden (02007) rose 5.19% to HKD 0.81; Longfor Group (00960) rose 4.21% to HKD 16.84; Vanke (02202) rose 3.08% to HKD 9.38; and Xinhu Zhongbao (01030) rose 2.31% to HKD 1.33.

In terms of news, the Ministry of Housing and Urban-Rural Development, the People's Bank of China, and the China Banking and Insurance Regulatory Commission jointly issued a notice on optimizing the criteria for determining the number of housing units in personal housing loans, promoting the implementation of the policy measure of "recognizing houses without recognizing loans" for first-time homebuyers.

The notice clearly states that when resident families (including borrowers, spouses, and minor children) apply for loans to purchase residential properties, regardless of whether they have used loans to purchase properties before, banks and financial institutions will implement housing credit policies for first-time homebuyers if the family members do not own any residential properties. This policy is included in the toolbox of "one city, one policy" as a policy tool for cities to choose autonomously. According to relevant officials from the Ministry of Housing and Urban-Rural Development, this policy will allow more homebuyers to enjoy preferential down payment ratios and interest rates for first-time home loans, helping to reduce the cost of home purchases for residents and better meet the demand for both essential and improved housing.