--- title: "Hong Kong Stock Movement: ITC PROPERTIES rises 19.61%, with strategic upgrades and AI collaboration boosting market confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/287995253.md" description: "ITC PROPERTIES rose 19.61%; Country Garden surged 33.97%, with a transaction volume of HKD 363 million; Sunac China rose 19.10%, with a transaction volume of HKD 344 million; Jin Hui Holdings rose 11.73%, with a transaction volume of HKD 260 million; China Resources Land rose 3.42%, with a market value of HKD 254.1 billion" datetime: "2026-05-29T01:53:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287995253.md) - [en](https://longbridge.com/en/news/287995253.md) - [zh-HK](https://longbridge.com/zh-HK/news/287995253.md) --- # Hong Kong Stock Movement: ITC PROPERTIES rises 19.61%, with strategic upgrades and AI collaboration boosting market confidence **Hong Kong Stock Movement** ITC PROPERTIES rose 19.61%. Based on recent key news: 1. On May 27, ITC PROPERTIES announced a strategic upgrade, appointing Cao Xinwei as executive director, and established a VIE agreement with Beijing Qiyuan Zhichuan to obtain an IDC value-added telecommunications license. This series of measures is seen by the market as a validation of the "real estate + computing power" dual-hit logic, driving the stock price up. 2. On May 29, ITC PROPERTIES signed a strategic cooperation framework agreement with Ronglian Technology, focusing on deep collaboration around AI computing power infrastructure, and signed the first artificial intelligence computing power technology service contract, with a total contract amount of approximately RMB 28.9 million, further enhancing market confidence. 3. On May 29, ITC PROPERTIES announced significant progress in its AI computing power business, signing contracts with independent clients to provide high-end computing power technology services, with a basic service period of 6 months, involving 490 PFLOPS of high-performance computing resource services, boosting investor confidence in the company's future development. The combination of real estate and AI has strong market expectations. **Stocks with High Trading Volume in the Industry** Country Garden surged 33.97%. Based on recent key news: 1. On May 28, Country Garden announced that its flexible capital management and governance capabilities have gained investor support. This move enhanced market confidence, driving the stock price up. Source: HKEX 2. On May 27, Changxin Technology's Sci-Tech Innovation Board IPO attracted attention, and Country Garden had previously liquidated its equity, missing potential returns. This event raised market concerns about Country Garden's investment strategy, affecting stock price fluctuations. Source: Yinshi Finance 3. On May 29, Country Garden's management stated that sales collections were weak, and cash flow is critical. The company is actively disposing of assets to improve operational efficiency, and market concerns about its financial situation are affecting stock prices. Source: Zhito Finance. The real estate market is showing significant differentiation, with capital flowing into third-tier cities. Sunac China rose 19.10%. Based on recent key news: 1. On May 27, Sunac China announced that its offshore debt restructuring plan has been approved by the Hong Kong High Court, and domestic and foreign debt issues have been properly resolved. This news enhanced market confidence in the company's financial health, driving the stock price up. Source: Viewpoint Network 2. On May 27, Sunac's Central China region signed a cooperation agreement with Wuhan Optics Valley Real Estate to undertake marketing management services for the Optics Valley Luoyu Mansion project. This cooperation demonstrates the company's strategic advancement in light asset projects, enhancing market expectations for its future development. Source: Viewpoint Network. The real estate industry is experiencing policy adjustments, and market confidence is recovering. Jinhui Holdings rose 11.73%. Based on recent key news: 1. On May 26, Jinhui Holdings announced that independent non-executive director Mr. Zhong Chuangxin will resign. This announcement may raise market concerns about changes in the company's governance structure, leading to stock price fluctuations. Source: Zhito Finance 2. On May 28, domestic property stocks fell overall, with Jinhui Holdings down 13.11%. Data from the National Bureau of Statistics shows that real estate market indicators are under pressure, affecting investor confidence. Source: Zhito Finance 3. Recently, the real estate sector has adjusted, and the market remains skeptical about the stability of the property market. Some investors have chosen to take profits, leading to fluctuations in the sector. Source: Zhitong Finance. The real estate market is under pressure, and the sector is experiencing volatility. **Stocks ranked at the top of the industry by market capitalization** China Resources Land rose by 3.42%. Based on recent news, 1. On May 26, China Resources Land actively acquired assets to enter the student dormitory market. Management stated that they will continue to focus on high-quality assets related to people's livelihoods to drive up stock prices. 2. On May 26, the sales of the Shenzhen Guanchao project were booming, with a sales rate as high as 95%. The project, jointly developed by China Resources Land and China Overseas Land & Investment, achieved sales exceeding 23.9 billion yuan, demonstrating strong market demand and boosting stock prices. 3. On May 29, the Guangdong Provincial Housing Policy Research Center pointed out that state-owned enterprises acquiring old houses for affordable housing and talent apartments helps meet the housing needs of new citizens and young people, enhancing market confidence. 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