Hong Kong Stock Movement: CHINA NEWCITY down 17.59%

Hong Kong Stock Movement

CHINA NEWCITY fell 17.59%. According to recent important news:

1. On September 21, Wang Jun, President of Weiguang Huitong Group, pointed out at the Boao Forum that the RWA model has great opportunities in the cultural and tourism industry, but compliance remains a bottleneck. This news raised market concerns about commercial real estate companies like CHINA NEWCITY, leading to a decline in stock prices. Data source: Boao Forum.

2. On September 17, Kaisa Group announced a strategic transformation to develop RWA tokenization business, raising doubts in the market about the compliance of the RWA model, which affected the stock performance of related companies. Data source: Kaisa Group announcement.

3. On August 30, New Town Development announced the establishment of a Digital Asset Research Institute, planning to tokenize commercial real estate through blockchain technology. The market holds a wait-and-see attitude towards the prospects of the RWA model, affecting overall industry confidence. Data source: New Town Development announcement. Doubts about the compliance of the RWA model impact market confidence.

Stocks with High Trading Volume in the Industry

Sunac China fell 4.76%. Based on recent important news:

1. On September 23, data from the National Bureau of Statistics showed that from January to August 2025, national real estate development investment fell by 12.9% year-on-year, with new construction area and completed area also declining by 19.5% and 17.0%, respectively, putting overall pressure on the real estate sector and leading to a decline in Sunac China's stock price.

2. On September 23, Sunac Real Estate Group Co., Ltd. added a new execution information with an execution target of over 820 million yuan, increasing market concerns about its financial situation and further suppressing stock prices.

3. On September 22, the voting time for the debt restructuring plan of China Oceanwide Group was postponed, raising market attention on the debt restructuring of real estate companies, which affected investor confidence. The real estate sector's valuation is low, and policy expectations are increasing.

China Resources Land fell 1.56%. According to recent important news:

1. On September 22, China Resources Land acquired dual residential land in Pudong Houtan at a base price of 24.47 billion yuan, with the project named "Yuanqi Riverside," indicating the company's expansion strategy in the high-end residential market, which may raise market concerns about its financial situation.

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 Longde signed a cooperation agreement with JD Retail, announcing that JD Mall's first store in Hong Kong will settle in China Resources Brim28, showing the company's strategic cooperation in the smart retail field, which may enhance its market competitiveness. The expansion and cooperation in the real estate market are accelerating.

Longfor Group fell 3.52%. According to recent important news:

1. On September 23, Gu Xiuming, Vice President of Longfor Group, stated that digital transformation is rapidly advancing in the real estate industry, improving corporate efficiency. However, challenges such as poor data quality and insufficient talent reserves remain during the transformation process, affecting market confidence and leading to a decline in stock prices. Source: News report on the acceleration of digital transformation in the real estate industry Stocks Ranked Among the Top by Market Capitalization in the Industry

China Overseas Development fell 1.65%. Based on recent key news:

1. On September 19, Yan Jianguo, Chairman of China Overseas Group, met with the Secretary of the Huangpu District Committee in Shanghai, and both sides had in-depth discussions on further strengthening strategic cooperation. This news indicates that the company's project advancement in Huangpu District is progressing smoothly, which helps enhance the company's influence in the area, but it failed to immediately boost the stock price.

2. On September 22, JP Morgan published a research report stating that although the impact of easing housing market measures in first-tier cities may be limited, the possibility of policy support is increasing. Morgan Stanley believes that China Overseas Development, as a laggard, may offer more upside potential, but the market's reaction has been relatively cautious