Group 1 - The core viewpoint is that the real estate stocks in China have collectively risen, indicating a positive market response to new housing loan policies in Guangzhou [1] - R&F Properties (02777) increased by 6.86% to HKD 1.09, Aoyuan Group (03383) rose by 5.95% to HKD 0.445, Oceanwide Holdings (03377) went up by 4.65% to HKD 0.09, and Sunac China (01918) gained 4% to HKD 1.56 [1] - The Guangzhou Housing Provident Fund Management Center released a draft policy that aims to ease restrictions on housing loans, which is expected to provide a strong signal of market easing [1] Group 2 - According to data from the China Index Academy, the total sales of the top 100 real estate companies in the first half of 2025 amounted to CNY 183.64 billion, reflecting a year-on-year decline of 11.8% [2] - In June alone, the sales of the top 100 real estate companies dropped by 18.5% year-on-year, indicating a worsening trend compared to May [2] - Open Source Securities anticipates that the real estate policies will remain positive and moderate, with expectations for more supportive fiscal and monetary policies to aid the industry's stable development [2]
港股异动 | 内房股集体走高 广州将实施“商转公贷款”政策 机构看好地产加快止跌回稳进程