Core Viewpoint - Bank of America Securities reports that the Hong Kong property market has begun to recover, predicting a rebound in residential property prices from 2027 to the second half of 2026, with an expected increase of approximately 3% and a further 5% rise in 2027 [1] Summary by Category Market Outlook - The forecast for residential property price rebound has been advanced to the second half of 2026 from 2027, with an anticipated increase of about 3% in 2026 and an additional 5% in 2027 [1] - The recovery in property prices is expected to lead to a resurgence in profitability and dividends for local property developers by 2027 [1] Company Ratings and Target Prices - Average target prices for local property stocks have been raised by 3%, with earnings forecasts adjusted upwards by up to 4% from this year to 2027 [1] - Longfor Group (01113) and Sino Land (00083) are favored among developers, with Longfor's rating upgraded from "Neutral" to "Buy" and target price increased from HKD 39 to HKD 42 [1] - Sino Land is also given a "Buy" rating, with its target price raised from HKD 9.8 to HKD 10.8 [1] Rental Stocks - The report expresses a positive outlook on Hang Lung Properties (00101) and Swire Properties (01972), both receiving "Buy" ratings, with target prices adjusted to HKD 10 and HKD 24.5 respectively [1] - The rating for MTR Corporation (00066) is maintained at "Underperform" [1]

Core Insights - Hong Kong's homebuyers showed strong demand for apartments despite adverse weather conditions, with significant sales occurring after a reduction in prime lending rates by commercial banks [1][4] - New World Development and CK Asset Holdings successfully sold a combined total of 44 apartments, representing 23% of the 190 flats available during the sales event [1] - The average price for units sold by New World in the House Muse project was HK$18,251 (US$2,347) per square foot after discounts, while CK Asset's Blue Coast II units averaged HK$22,684 per square foot [2][3] Company Performance - New World Development sold 39 out of 120 units in the House Muse project, with five units sold via tender [2] - CK Asset sold five units from the remaining 70 in the Blue Coast II project, with prices ranging from HK$10.2 million to HK$20.2 million [3] Market Trends - The recent rate cut is viewed as the beginning of a downward trend in lending costs, which is expected to encourage more buyers to enter the market [5] - Analysts believe that government measures following the Chief Executive's policy address will help stabilize the property market, enhancing its absorption capacity [4][6]

社交平台有大量消息称，近日，香港首富李嘉诚亲自出席伦敦金融城"李嘉诚中心大楼"开幕式。还有传 言称"李嘉诚通过巴拿马基金向乌克兰捐助了5亿美元"。对此，记者9日从长江实业集团有限公司获得的 一份通告称，近日有媒体及社交平台流传李嘉诚出席伦敦大楼开幕仪式及向乌克兰捐款5亿美元两则事 件，有关消息纯属虚构。上述通告称，谣传提及的"李嘉诚中心大楼"并不存在，李嘉诚亦没有在9月初 到伦敦出席上述大楼之开幕仪式。以及，谣传提及的"巴拿马基金"并不存在，李嘉诚亦没有透过上述基 金向乌克兰捐款5亿美元。（智通财经） ...

Core Viewpoint - Recent rumors regarding Li Ka-shing and Cheung Kong Holdings have been clarified as "purely fictional" by the company, emphasizing the importance of not spreading unfounded claims [1][2]. Group 1: Rumors and Clarifications - Cheung Kong Holdings issued a statement denying rumors about Li Ka-shing attending the opening of a non-existent "Li Ka-shing Center" in London and donating 500 million yuan to Ukraine through a fictitious Panama fund [1]. - The company urged media and the public not to believe or disseminate these rumors, which have caused market disturbances [1][2]. Group 2: Property Sale Rumors - In early August, rumors circulated about Li Ka-shing planning to sell his historic residence at 79 Deep Water Bay Road for 5 billion HKD (approximately 4.57 billion RMB), which is significant as it is his former marital home [1]. - Li Ka-shing's son, Li Zeju, stated that there are no plans to sell the property, labeling the reports as fabricated and illogical [2]. Group 3: Financial Performance - Despite a 58.92% year-on-year increase in property sales revenue, reaching 7.366 billion HKD, Cheung Kong Holdings reported a 2.91% decline in profit, which fell to 1.768 billion HKD, resulting in a decrease in earnings per share to 1.8 HKD [2].

Group 1 - Recent rumors about Li Ka-shing attending the opening of the "Li Ka-shing Center" in London and donating $500 million to Ukraine through a Panama fund have been confirmed as false by Cheung Kong Holdings [2] - Cheung Kong Holdings clarified that the "Li Ka-shing Center" does not exist and that Li Ka-shing did not attend any such event in early September [2] - The company urged media and the public not to believe or spread these fabricated rumors [2] Group 2 - For the first half of the year, Cheung Kong Holdings reported revenue of approximately HKD 25.386 billion, a year-on-year increase of 15.3% [3] - The company's attributable profit to shareholders was HKD 6.302 billion, a significant decline of nearly 27%, primarily due to a substantial reduction in the valuation of investment properties [3] - Property sales revenue for the first half was HKD 7.366 billion, a substantial year-on-year increase of nearly 59%, with mainland property sales accounting for about 52% [3] - Mainland property sales reached HKD 3.83 billion, a year-on-year growth of approximately 117%, driven by completed residential projects in Shanghai and Beijing [3] - Despite increased revenue, the company experienced a decline in profit from the sales segment, with sales revenue of HKD 1.768 billion, down about 3%, and Hong Kong sales revenue plummeting over 92% to approximately HKD 74 million [3]

Core Viewpoint - The news article addresses the clarification issued by Cheung Kong Holdings regarding false rumors related to Li Ka-shing, specifically denying claims about his attendance at an event in London and alleged donations to Ukraine [1] Group 1: Rumors Clarification - Cheung Kong Holdings stated that the rumors about Li Ka-shing attending the opening of the "Li Ka-shing Center" in London are completely fabricated [1] - The company confirmed that the "Li Ka-shing Center" does not exist and that Li Ka-shing did not attend any such event in early September [1] - The claim regarding Li Ka-shing donating $500 million to Ukraine through a non-existent "Panama Fund" was also denied by the company [1] Group 2: Company Response - Cheung Kong Holdings urged media and the public not to believe or spread these unfounded rumors [1]

Group 1 - Recent rumors claimed that Hong Kong tycoon Li Ka-shing attended the opening of the "Li Ka-shing Center" in London and donated $500 million to Ukraine through a Panama fund [1] - Cheung Kong Holdings issued a clarification stating that the "Li Ka-shing Center" does not exist and that Li Ka-shing did not attend any such event in early September [1] - The company emphasized that both rumors are completely fabricated and urged media and the public not to believe or spread false information [1] Group 2 - On August 14, Cheung Kong Holdings reported a revenue of approximately HKD 25.386 billion for the first half of the year, representing a year-on-year increase of 15.3% [1] - The company's profit attributable to shareholders was HKD 6.302 billion, a significant year-on-year decline of nearly 27%, primarily due to a substantial reduction in the valuation of investment properties [1]

Market Performance - The Hang Seng Index rose by 262.13 points, an increase of 1.01%, closing at 26,200.26 points with a total turnover of HKD 288.21 billion [1] - The National Enterprises Index increased by 85.76 points, closing at 9,328.16 points, a rise of 0.93% [1] - The Hang Seng Tech Index gained 73.95 points, closing at 5,902.69 points, reflecting a growth of 1.27% [1] Blue Chip Stocks - Tencent Holdings increased by 1.04%, closing at HKD 633.5 [1] - Hong Kong Exchanges and Clearing rose by 1.37%, closing at HKD 444.6 [1] - China Mobile saw a rise of 0.35%, closing at HKD 87.05 [1] - HSBC Holdings increased by 1.95%, closing at HKD 104.4 [1] Local Hong Kong Stocks - Cheung Kong Holdings rose by 1.49%, closing at HKD 38.1 [1] - Sun Hung Kai Properties increased by 4.28%, closing at HKD 97.5 [1] - Henderson Land Development rose by 2.37%, closing at HKD 27.68 [1] Chinese Financial Stocks - Bank of China increased by 2.06%, closing at HKD 4.46 [1] - China Construction Bank rose by 2.84%, closing at HKD 7.97 [1] - Industrial and Commercial Bank of China increased by 1.87%, closing at HKD 6 [1] - Ping An Insurance rose by 0.69%, closing at HKD 56.55 [1] - China Life Insurance increased by 1.85%, closing at HKD 23.12 [1] Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation rose by 0.95%, closing at HKD 4.23 [1] - China National Petroleum Corporation increased by 0.81%, closing at HKD 7.45 [1] - CNOOC Limited saw a rise of 0.2%, closing at HKD 20.18 [1]

Core Viewpoint - The luxury residential project "Huiyuanxi" in Shanghai's Xuhui District is facing significant quality complaints from homeowners, with issues related to construction delays and defects in the building's exterior [2][3][6]. Group 1: Project Overview - "Huiyuanxi" is located in the Xuhui Riverside area, near other high-profile developments, and initially attracted over 1,000 buyers with a subscription rate of 263% during its first launch [2][3]. - The project has a total of 414 units, with a second phase achieving a subscription rate of 667% [3]. Group 2: Quality Complaints - Homeowners reported that the exterior of the building showed signs of poor workmanship, including bulging aluminum panels, deformation, and rusting steel frames [2][3][5]. - Issues such as water leakage, rough plastering, and improper disposal of construction waste have also been noted [3][5]. Group 3: Developer's Response - The developer, through the "Huiyuanxi" WeChat account, announced meetings to address homeowner concerns and stated that they are conducting a comprehensive inspection and rework of the exterior [6][12]. - The developer claims that the project is progressing according to the established construction schedule and is in the final stages of completion [12]. Group 4: Regulatory Oversight - The project has been flagged by the Shanghai Municipal Housing and Urban-Rural Development Commission for management issues, indicating a need for increased regulatory scrutiny [9]. - Homeowners have reported their concerns to the municipal hotline, which has forwarded the issues to the relevant authorities for further action [5][9]. Group 5: Market Context - "Huiyuanxi" is developed by Hong Kong Land, a well-known property developer, and is part of a larger trend of luxury residential projects in Shanghai, which have seen high demand and competitive pricing [7][11].

Core Viewpoint - The luxury residential project "Huiyuanxi" in Shanghai is facing significant quality complaints from homeowners, despite its high demand and initial sales success. Issues include construction delays and visible defects in the building's exterior and materials [1][2][4]. Group 1: Project Overview - "Huiyuanxi" is located in the Xuhui Riverside area and has attracted over 1,090 groups of buyers, achieving a subscription rate of 263% during its initial launch [1]. - The project is developed by Shanghai Zhihui Huizhao Real Estate Co., Ltd., a subsidiary of Hong Kong Land, which has a history of high-value land acquisitions in the area [6][10]. Group 2: Quality Complaints - Homeowners have reported issues such as deformation and damage to aluminum panels, poor quality of stone paint, and visible rust on exposed steel structures [2][4]. - Complaints also include construction debris being left on-site and signs of water leakage and rough interior finishes [2][4]. Group 3: Developer's Response - The developer has acknowledged the complaints and scheduled "owner consultation days" to address issues related to construction progress and exterior quality [1][5]. - In a public notice, the developer stated that the reported issues were related to the construction phase and assured that they would conduct a thorough inspection and rework to meet national standards [5][10]. Group 4: Regulatory Oversight - The project has been flagged by the Shanghai Municipal Housing and Urban-Rural Development Commission for management issues, indicating a need for increased regulatory scrutiny [8]. - Experts suggest that developers should proactively address quality complaints and that regulatory bodies should streamline complaint processes and enhance oversight mechanisms [10].