On April 14, the real estate sector rose strongly. According to choice data, as of the closing, Shenwan A-share real estate index rose by 3.74%; The Hong Kong real estate index rose 1.11%.
From the perspective of specific stocks, 10 stocks including Oceanwide Holdings Co.Ltd(000046) , Beih-Property Co.Ltd(600791) , Jinke Property Group Co.Ltd(000656) , Cccg Real Estate Corporation Limited(000736) , and Metro Land Corporation Ltd(600683) , Cinda Real Estate Co.Ltd(600657) , Longhu and other stocks were close to the daily limit. In addition, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Seazen Holdings Co.Ltd(601155) , Hejing Pacific, Poly Developments And Holdings Group Co.Ltd(600048) , time China, etc. increased by more than 5%.
It is worth mentioning that Poly Developments And Holdings Group Co.Ltd(600048) 44, as a central enterprise, rose by 6.5% on April 14. As of the closing, its share price was about 18.93 yuan / share, a record high.
The stock price of the real estate sector rose sharply, which was affected by the overall market on the one hand. As of the close, the Shanghai Composite Index closed at 322564 points, up 1.22%; Shenzhen composite index closed at 1171462 points, up 1.27%; The Hang Seng Index closed at 2149788, up 0.58%.
According to statistics, on April 14, 3128 stocks rose, accounting for 67.41%, excluding new shares listed on the same day. A total of 85 stocks rose by the limit and 23 stocks fell by the limit. In terms of the industry, the trading limit stocks are mainly concentrated in pharmaceutical and biological, real estate, chemical, food and beverage, coal, transportation and other industries.
On the other hand, the policy level released good news again. On April 13, the executive meeting of the State Council proposed that in view of the changes in the current situation, large banks with high provision level should be encouraged to reduce the provision rate in an orderly manner, make timely use of reserve reduction and other monetary policy tools, further strengthen financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households, make reasonable profits to the real economy and reduce comprehensive financing costs.
AVIC securities analysts believe that the meeting proposed “timely use of RRR reduction and other monetary policy tools”, which means that the central bank’s RRR reduction is expected to be implemented as soon as possible.
As for the real estate policy, since March, the support policies of the real estate market in major cities have been strengthened, from reducing the mortgage interest rate and relaxing the provident fund to adjusting the purchase and sale restrictions. Many places have adjusted the purchase or sale restrictions, including Zhengzhou, Harbin, Fuzhou, Mianyang, Quzhou, Qinhuangdao, Lanzhou, Suzhou and Nanjing.
Up to now, more than 70 cities across the country have adjusted policies related to real estate this year. The adjustment direction involves adjusting purchase and sale restrictions, reducing the proportion of down payment, increasing the amount of provident fund loans, reducing mortgage interest rates, issuing house purchase subsidies and so on.
Soochow Securities Co.Ltd(601555) research report pointed out that the minutes and relevant documents issued by the Ministry of housing and urban rural development, the Ministry of finance, the central bank and the China Banking and Insurance Regulatory Commission recently pointed out that under the current economic situation, the policy should release sufficient positive information.
Local real estate policies will be adjusted according to the needs of urban governance on the basis of adhering to the principles of “no speculation in real estate”, “stable land price, stable house price and stable expectation”.
In addition, the current demand side policy adjustment is more frequent. Considering the current real estate situation and the certain liquidity gap faced by individual real estate enterprises, all localities will continue to adjust policies.
Soochow Securities Co.Ltd(601555) said that the real estate policy support was further strengthened and the real estate market was expected to continue.
From the perspective of industry fundamentals, the current real estate sales situation also needs to be improved China Securities Co.Ltd(601066) securities research believes that the bottom rebound of real estate sales data will be an important indicator of the recovery of the real estate industry this year.
China Securities Co.Ltd(601066) Securities pointed out that according to the research on the past three rounds of real estate downward cycles in China, generally within 4-6 months after the gradual decline of mortgage interest rate, residents’ willingness to increase leverage will be gradually stimulated, which will lead to the recovery of real estate sales market.
