Hong Kong real estate stocks rallied in the final trading session, with several individual stocks surging more than 10%!

On Tuesday, August 29th, Hong Kong's property stocks rallied in the afternoon session, with several stocks experiencing double-digit gains.

Country Garden Holdings led the gains with a surge of over 19%, followed by Greentown China Holdings with a rise of over 13%, and China Evergrande Group with an increase of over 11%. Other notable gainers include Evergrande Services, Oceanwide Holdings, Longfor Group, and Hongkong Land Holdings, all rising over 10%.

In terms of news, according to 21st Century Business Herald, the screenshot of the notice regarding the launch meeting for the adjustment of individual housing loan interest rates is authentic. The meeting will be convened by one of the six major state-owned banks, Bank of Communications, with the Retail Credit Department taking the lead.

As shown in the image, the bank plans to hold the launch meeting for the adjustment of individual housing loan interest rates on Wednesday, August 30th. The departments expected to attend the meeting include the Loan Management Department, Software Center, Data Center, Testing Center, Personal Banking Department/Consumer Protection Department, Corporate Department, and Online Banking Department.