Changes in Hong Kong stocks | Domestic housing stocks are falling collectively, and rumors of mortgage interest rate cuts ignite the market and the industry believes that it is unlikely that relevant policies will be implemented

The Zhitong Finance App learned that domestic housing stocks fell collectively. As of press release, Sunac China (01918) fell 4.58% to HK$0.625; Xincheng Development (01030) fell 2.97% to HK$1.47; Greentown China (03900) fell 2.64% to HK$5.905; and C&D International Group (01908) fell 1.35% to HK$12.4.

According to the news, the real estate sector soared across the board on September 23. According to the First Financial Report, some market sources say that a national interest rate discount policy will be implemented, and the Ministry of Finance and the local authorities will combine interest rates of up to 100 basis points, driving interest rates on first home loans down to 2%. Another version says that the total amount is 100 billion yuan and interest rate discounts of 20 basis points.

It is worth noting that many brokerage real estate industry analysts are cautious about the above rumours and believe that it is unlikely that a nationwide interest rate discount policy will be implemented. Some analysts said, “At the national level, extending loan terms is actually about the same as interest rate discount/interest rate cuts reduced”. J.P. Morgan Chase also said that even if the policy is implemented, the actual effect is highly dependent on scale and execution details, and the upper limit may drastically reduce the amount of substantial stimulus.