Group 1 - The Hong Kong Interbank Offered Rate (HIBOR) has risen to 2% as of October 18, marking the first increase since early May [1] - The banking system's surplus has decreased from a peak of HKD 177 billion to HKD 53 billion, compared to HKD 44 billion before the liquidity influx [1] - The expectation is that Hong Kong developers' stock prices will experience weakness as HIBOR returns to forecast levels and floating-rate mortgages are repriced to a maximum of 3.5% [1] Group 2 - The overall view on the Hong Kong residential property market remains that it will slowly rebound, with an expectation of flat prices this year and a rebound of 5% and 6% over the next two years [1] - The company maintains a "Buy" rating for Cheung Kong Holdings (01113) and Sun Hung Kai Properties (00016), while holding a "Sell" rating for Henderson Land Development (00012) and Sino Land Company (00083) [1]

Group 1 - The one-month Hong Kong Interbank Offered Rate (HIBOR) has risen to over 2% after remaining low for three months, which is considered expected [1] - HIBOR is anticipated to stay within the range of 2% to 3% in the foreseeable future [1] - The Hong Kong real estate sector is expected to maintain resilience in the coming month until the government announces the Policy Address, as the market is building expectations for new policies [1] Group 2 - Following the interest rate cuts in the US, the real estate sector may experience a short-term respite [1] - The industry is believed to gradually recover over time [1] - Among rental stocks, the company is optimistic about Swire Properties, Hang Lung Properties, Kowloon Development, and Link REIT; for developers, it favors Henderson Land and Sino Land [1]

Core Viewpoint - Morgan Stanley reports that after three months of low HIBOR (below 1.2%), the one-month HIBOR has risen above 2% this week, which was anticipated. The firm believes HIBOR will likely remain in the range of 2-3% in the future [1] Group 1: Market Reaction - The rise in HIBOR has led to Hong Kong property stocks underperforming the Hang Seng Index by 4% over the past two days, which is considered a natural reaction [1] Group 2: Future Outlook - For the upcoming month (until mid-September), the property sector is expected to show resilience due to two main factors: 1) Increased market expectations for new policy support following the policy address on September 17; 2) Anticipated interest rate cuts in the US [1] - Over a 12-month horizon, Morgan Stanley predicts a gradual recovery in the Hong Kong property market, particularly in the residential and retail sectors [1] Group 3: Stock Recommendations - In the retail sector, the firm is optimistic about Swire Properties (01972), Hang Lung Properties (00101), Wharf Real Estate Investment (01997), and Link REIT (00823) [1] - In the residential sector, the firm favors Henderson Land Development (00012) and Sino Land Company (00083) [1]

Core Viewpoint - Morgan Stanley reports that after three months of HIBOR being below 1.2%, it has risen above 2% this week, which was anticipated. The bank expects HIBOR to remain in the range of 2-3% in the future [1] Group 1: Market Reaction - The rise in HIBOR has led to Hong Kong property stocks underperforming the Hang Seng Index by 4% over the past two days, which is seen as a natural reaction [1] Group 2: Future Outlook - For the upcoming month until mid-September, the property sector is expected to show resilience due to increased market expectations for new policy support from the policy address on September 17 and potential interest rate cuts in the US [1] - Over a 12-month horizon, the Hong Kong property market, particularly residential and retail sectors, is anticipated to gradually recover [1] Group 3: Stock Recommendations - In the retail sector, the bank is optimistic about Swire Properties (01972), Hang Lung Properties (00101), Wharf Real Estate Investment (01997), and Link REIT (00823) [1] - In the residential sector, the bank favors Henderson Land Development (00012) and Sino Land Company (00083) [1]

Group 1 - The core index of the China Securities Index for Hong Kong-listed real estate has shown a monthly increase of 0.21%, a three-month increase of 10.92%, and an year-to-date increase of 18.98% [1] - The index is designed to reflect the overall performance of securities in the Hong Kong market with high liquidity and ease of short selling, including three thematic indices: HKT Hong Kong Real Estate, HKT Mainland Consumption, and HKT Mainland Banking [1] - The base date for the index is December 31, 2007, with a base point of 1000.0 [1] Group 2 - The holdings of the index are entirely composed of securities listed on the Hong Kong Stock Exchange, with a 100% allocation to the real estate sector [2] - The index samples are adjusted biannually, specifically on the next trading day after the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [2]

数据统计显示，中证港股通地产指数近一个月上涨3.85%，近三个月上涨11.21%，年至今上涨18.11%。 金融界8月14日消息，上证指数高开低走，中证港股通地产指数 (港股通地产，931025)报1690.69点。 作者：行情君 从中证港股通地产指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证港股通地产指数持仓样本的行业来看，房地产占比100.00%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。特殊情况下将 对该指数进行临时调整。当样本退市时，将其从指数样本中剔除。如果香港市场新上市相关行业主题企 业市值在香港上市公司中排名前十并纳入港股通范围，将在其纳入港股通范围后第十一个交易日快速纳 入相应的行业主题指数中。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 当港股通范围发生变动导致样本不再满足港股通资格时，将进行相应调整。 本文源自：金融界 据了解，中证港股通地产投资指数从港股通范围合资格证券中选取符合地产主题的不超过50家香港市场 上市公 ...

新华社香港8月13日电 香港恒生指数13日涨643.99点，涨幅2.58%，收报25613.67点。全日主板成交 2840.41亿港元。 国企指数涨233.2点，收报9150.05点，涨幅2.62%。恒生科技指数涨191.62点，收报5630.78点，涨 幅3.52%。 蓝筹股方面，腾讯控股涨4.74%，收报586港元；香港交易所涨2.28%，收报439.8港元；中国移动涨 0.57%，收报88.8港元；汇丰控股涨1.3%，收报101.5港元。 香港本地股方面，长实集团涨1.44%，收报37.94港元；新鸿基地产涨1.54%，收报95.35港元；恒基 地产涨1.99%，收报28.7港元。 中资金融股方面，中国银行涨1.1%，收报4.6港元；建设银行涨0.88%，收报8.02港元；工商银行涨 0.98%，收报6.16港元；中国平安涨1.61%，收报56.8港元；中国人寿涨0.71%，收报22.8港元。 石油石化股方面，中国石油化工股份涨0.68%，收报4.47港元；中国石油股份涨0.39%，收报7.7港 元；中国海洋石油涨1.17%，收报19.01港元。 【纠错】 【责任编辑:吴京泽】 ...

蓝筹股方面，腾讯控股跌2.73%，收报535港元；香港交易所跌2.34%，收报417港元；中国移动跌 0.23%，收报85.9港元；汇丰控股跌0.94%，收报95.25港元。 香港本地股方面，长实集团跌1.25%，收报35.6港元；新鸿基地产跌1.93%，收报91.7港元；恒基地产跌 0.55%，收报27.35港元。 新华社香港8月1日电 香港恒生指数1日跌265.52点，跌幅1.07%，收报24507.81点。全日主板成交 2546.74亿港元。 石油石化股方面，中国石油化工股份跌5.87%，收报4.33港元；中国石油股份跌3.26%，收报7.42港元； 中国海洋石油跌1.37%，收报18.66港元。 国企指数跌78.53点，收报8804.42点，跌幅0.88%。恒生科技指数跌55.74点，收报5397.4点，跌幅 1.02%。 【纠错】 【责任编辑:赵阳】 中资金融股方面，中国银行跌0.66%，收报4.51港元；建设银行跌1.99%，收报7.89港元；工商银行跌 0.66%，收报5.98港元；中国平安跌1.95%，收报52.9港元；中国人寿跌2.64%，收报22.15港元。 ...

蓝筹股方面，腾讯控股无升跌，收报561港元；香港交易所涨0.75%，收报430.6港元；中国移动涨 0.69%，收报87.5港元；汇丰控股涨1.78%，收报99.95港元。 新华社香港8月11日电 香港恒生指数11日涨47.99点，涨幅0.19%，收报24906.81点。全日主板成交 2009.02亿港元。 国企指数跌7.2点，收报8888.08点，跌幅0.08%。恒生科技指数跌0.28点，收报5460.02点，跌幅 0.01%。 石油石化股方面，中国石油化工股份涨0.46%，收报4.39港元；中国石油股份跌0.4%，收报7.54港 元；中国海洋石油跌0.75%，收报18.56港元。 责任编辑：袁浩 香港本地股方面，长实集团涨0.7%，收报37.46港元；新鸿基地产涨0.21%，收报94.3港元；恒基地 产涨1.5%，收报28.48港元。 中资金融股方面，中国银行跌0.66%，收报4.54港元；建设银行跌0.13%，收报7.93港元；工商银行 跌1.3%，收报6.08港元；中国平安涨0.74%，收报54.75港元；中国人寿跌2.23%，收报21.96港元。 ...

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Stock Connect Real Estate Index, which has shown significant growth over various time frames, including a 15.34% increase year-to-date [1] - The index has risen by 2.57% in the past month and 11.50% over the last three months, indicating a positive trend in the real estate sector [1] - The index is composed of up to 50 eligible Hong Kong-listed companies that reflect the overall performance of the real estate theme [1] Group 2 - The top ten weighted companies in the index include New World Development (14.13%), Beike-W (12.22%), and China Resources Land (11.19%), among others, showcasing the concentration of investments in these firms [1] - The index is exclusively composed of real estate companies, with a 100% allocation to this sector [2][3] - The index undergoes biannual adjustments every June and December, with provisions for temporary adjustments in special circumstances, ensuring it remains reflective of the market [3]