Changes in Hong Kong stocks | China Construction International (03311) rose nearly 6% at the end of the session, and the reform of the housing sales system significantly benefited the development of prefabricated buildings

The Zhitong Finance App learned that China Construction International (03311) rose nearly 6% at the end of the session. As of press release, it had risen 5.34% to HK$8.38, with a turnover of HK$158 million.

According to the news, China's housing sales system has ushered in systematic changes. Pre-sale conditions have clearly been tightened, and sales of existing homes have accelerated. Guosheng Securities released a research report saying that the policy is significantly beneficial to the development of prefabricated buildings, and the core is that the economic value of the “construction period” has increased markedly. Prefabricated buildings can complete more than 90% of the processes in the factory, saving about 30%-80% of the construction period. Using prefabricated methods can help developers recover capital 7-19 months ahead of schedule (an average of more than 13 months), greatly reducing capital consumption costs.

The bank pointed out that China Construction Hailong lays out the entire prefabricated industry chain under China Construction International; in 2019, the company pioneered MiC modular products, which can complete 90% of the construction process to the factory, shortening the construction period by 80% and reducing total labor consumption by 20%. At the same time, it relies on standardized factory management to effectively improve project quality, and has significant advantages in construction efficiency, construction quality, green and low carbon, and shortened construction period.