Hong Kong stock movement: CHINA NEWCITY down 14.81%

Hong Kong Stock Movement

CHINA NEWCITY fell 14.81%. According to recent key news:

1. On September 21, Wang Jun, a director of Weiguang Huitong Group, pointed out at the Boao Forum that the cultural tourism industry faces challenges in the commercialization of cultural value, and the RWA model has become a new opportunity to solve financing issues. CHINA NEWCITY and other commercial real estate companies are exploring the RWA tokenization model, leading to market uncertainty about their future development, affecting stock price declines.

2. On August 30, New Town Development announced the establishment of a digital asset research institute, planning to tokenize its commercial real estate through blockchain technology. The market's reaction to this innovative initiative has been mixed, increasing competitive pressure within the industry.

3. On September 17, a subsidiary of Kaisa Group announced a strategic transformation to develop RWA tokenization business, further intensifying market attention and uncertainty regarding the commercial real estate industry. The RWA model is developing rapidly, but its compliance is in doubt.

Stocks with High Trading Volume in the Industry

Sunac China fell 4.76%, with a trading volume of HKD 344 million. According to recent key news:

1. On September 23, domestic property stocks collectively retreated, with Sunac China falling 4.76%. Data from the National Bureau of Statistics shows that from January to August 2025, national real estate development investment fell by 12.9% year-on-year, new construction area fell by 19.5% year-on-year, completed area fell by 17.0% year-on-year, sales area fell by 4.7% year-on-year, and sales amount fell by 7.3% year-on-year. National housing prices continue to show a downward trend.

2. On September 22, the voting time for the debt restructuring plan of China Oceanwide Holdings was postponed to September 30. The restructuring includes 7 corporate bonds and 3 PPNs, with a total principal amount of 18.05 billion yuan.

3. On September 23, Guojin Securities released a research report stating that recent first-tier cities such as Beijing and Shanghai have implemented optimized purchase restriction policies, and the demand peak season is expected to drive a recovery in fundamentals. In addition, August real estate data shows that more policies are still needed to stabilize the real estate market, with policy expectations continuing to be in a phase of intensification. The valuation of the real estate sector is relatively low, and it is recommended to accumulate positions on dips.

China Resources Land fell 1.69%. According to recent important news:

1. On September 22, China Resources Land acquired the Pudong Houbantian dual residential land at a base price of 24.47 billion yuan, with the project named "Yuanqi Binjiang." This move demonstrates the company's expansion strategy in the high-end residential market, which may raise market concerns about its capital efficiency.

2. On September 21, China Resources Land officially opened the Huai'an Mixc City in cooperation with Huai'an Guolian Group, marking the company's further layout in the commercial real estate sector, which may have a positive impact on its long-term earnings.

3. On September 22, China Resources Longdi signed a cooperation agreement with JD Retail, announcing that JD MALL's first store in Hong Kong will be located in China Resources Tower. This cooperation may enhance the company's competitiveness in the smart retail sector. The dynamics of market expansion and cooperation in real estate Vanke Enterprises fell by 4.95%. Based on recent important news:

4. On September 21, Vanke Enterprises experienced a decline in management efficiency due to insufficiently timely organizational restructuring, affecting overall performance. After Shenzhen Metro took over, adjustments were accelerated, but the market's response remained cautious, leading to a drop in stock price. Data source: Sing Tao.

5. On September 23, competition in the construction agency industry intensified, and Vanke was eliminated from the ranking of TOP 11-20 companies, raising doubts about its future competitiveness and putting pressure on its stock price. Data source: industry report. The real estate industry is facing intensified competition and significant adjustment pressure.

Stocks with high market capitalization in the industry

China Overseas Land & Investment fell by 1.50%. According to recent important news:

1. On September 22, JP Morgan released a report stating that although the impact of relaxed housing market measures in first-tier cities is limited, policy support may increase, with tactical opportunities expected before the end of the year. JP Morgan believes that China Overseas Land & Investment, as a laggard, may offer more upside potential; however, the market's short-term reaction has been muted, leading to a decline in stock price.

2. On September 19, the chairman of China Overseas Group met with the secretary of the Huangpu District Committee in Shanghai, and both parties engaged in in-depth discussions on strengthening strategic cooperation. Although this move demonstrates the company's positive development in Huangpu District, it failed to immediately boost the stock price.

3. No other significant news. Increased policy support for the real estate sector