海外房地产行业周报：政策执行效率高，存量贷款利率调整

Investment Rating - The report recommends the real estate and property management sectors, highlighting specific companies for investment [4][5]. Core Views - The report indicates that the policy implementation efficiency is high, with adjustments to existing loan rates expected to support the market [5]. - The real estate sector is experiencing significant policy support aimed at stabilizing the market and promoting recovery [4][28]. Market Overview - Major indices performance for the week (2024.10.07-2024.10.13) shows the Hang Seng Real Estate Index decreased by 8.8%, while the Hang Seng Index fell by 6.5% [3][6]. - The report notes that the property management sector has seen varied performance, with some companies experiencing declines [9][10]. Company Performance - Notable companies with significant declines include: - Goldin Properties down 4.6% - China Overseas Grand Oceans down 9.1% - Poly Property down 13.6% [9][10]. - Conversely, companies like Power Assets Holdings and Cheung Kong Infrastructure showed slight increases of 0.8% and 0.5% respectively [8][9]. Stock Short Selling - The report highlights the top three companies for short selling in the property management sector: - Beike at 24.4% - China Overseas Development at 23.3% - Jianfa International at 23.1% [15][17]. - For the Hong Kong local stocks, the top three for short selling were: - Wharf Holdings at 37.1% - Wharf Real Estate Investment at 32.2% - New World Development at 30.5% [17]. Property Management Holdings - The report notes increases in Hong Kong Stock Connect holdings for companies such as Country Garden Services, Greentown Management, and Goldin Properties [11][13]. - As of the end of the week, Poly Property, Vanke, and Sunac China had Stock Connect holdings of 52.0%, 50.5%, and 33.8% respectively [11][12].