--- title: "Hong Kong stock movement: MILLION CITIES surged 33.33%, with no positive news or capital movement, volatility increased" type: "News" locale: "en" url: "https://longbridge.com/en/news/290142590.md" description: "MILLION CITIES surged 33.33%; China Resources Land fell 2.77%, with a transaction volume reaching HKD 1 billion; China Overseas Land & Investment fell 4.23%, with a transaction volume reaching HKD 668 million; Jin Hui Holdings rose 10.08%, with a transaction volume reaching HKD 194 million; Cheung Kong Holdings fell 2.37%, with a market value of HKD 155.6 billion" datetime: "2026-06-18T05:01:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290142590.md) - [en](https://longbridge.com/en/news/290142590.md) - [zh-HK](https://longbridge.com/zh-HK/news/290142590.md) --- # Hong Kong stock movement: MILLION CITIES surged 33.33%, with no positive news or capital movement, volatility increased **Hong Kong Stock Movement** Million Cities Holdings surged 33.33%, with no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** China Resources Land fell 2.77%. Based on recent news, 1. On June 15, China Resources Land announced that its contract sales amount for May was approximately RMB 23.51 billion, a year-on-year increase of 28.1%, but the total sales area decreased by 19.7%. This data indicates an increase in sales amount but a decline in sales area, which may lead to market concerns about its future growth, affecting the stock price. 2. On June 15, a subsidiary of China Resources Land acquired the Hefei Suning Plaza for approximately RMB 656 million, with the transaction price discounted by about 35.6% compared to the appraisal price. Although this transaction demonstrates China Resources Land's ability to revitalize assets, the market may have concerns about future renovation costs and return periods, putting pressure on the stock price. 3. On June 15, Shenzhen RunKun Real Estate Co., Ltd., a subsidiary of China Resources Land, increased its registered capital to approximately RMB 4.04 billion, an increase of about 108%. This capital change shows the company's determination to expand its business, but the market may have concerns about its capital utilization efficiency and future profitability, affecting stock performance. The real estate market demand is improving, with policy support. China Overseas Land & Investment fell 4.23%. Based on recent news, 1. On June 17, China Overseas Land & Investment announced its latest financial data, showing a decline in the company's profitability, leading to a drop in stock price. 2. On June 15, multiple high-end projects within the Chengdu Third Ring Road were launched, with a decrease in the supply of commercial housing land, intensifying market competition and affecting market expectations for China Overseas Land & Investment. 3. The recent macroeconomic environment is unstable, putting pressure on the real estate market, and insufficient investor confidence further drives down stock prices. The competition in the real estate market is intensifying, and the macroeconomic environment is unstable. Jinhui Holdings rose 10.08%, with a trading volume of HKD 194 million, and no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Cheung Kong Holdings fell 2.37%. Based on recent key news: 1. On June 17, Cheung Kong's Central Mid-Levels Po Lo Path project "Ying Tian" successfully sold three luxury homes within three consecutive days, driving sales in the adjacent Phase 1, with a total cashing out of over RMB 950 million in four days across two phases. This sales activity shows the high-net-worth market's active absorption of quality assets, driving stock price volatility. 2. On June 16, Cheung Kong sold multiple luxury homes in the "Ying Tian" project in Central Mid-Levels, cashing out nearly RMB 680 million within three days, indicating strong market demand for super luxury homes, further affecting the stock price. 3. On June 15, Cheung Kong sold a high-priced penthouse with a rooftop in the "Ying Tian" project for RMB 362 million, setting a new high for first-hand residential units in Hong Kong this year, reflecting strong market interest in high-end properties The Hong Kong real estate market faces the risks of interest rate hikes and a weak Hang Seng Index ### Related Stocks - [02892.HK](https://longbridge.com/en/quote/02892.HK.md) - [01109.HK](https://longbridge.com/en/quote/01109.HK.md) - [00688.HK](https://longbridge.com/en/quote/00688.HK.md) - [09993.HK](https://longbridge.com/en/quote/09993.HK.md) - [01113.HK](https://longbridge.com/en/quote/01113.HK.md) ## Related News & Research - [We Ran A Stock Scan For Earnings Growth And Kwoon Chung Bus Holdings (HKG:306) Passed With Ease](https://longbridge.com/en/news/290253003.md) - [EPH European Property Holdings holds annual shareholder meeting](https://longbridge.com/en/news/290084003.md) - [ASR real assets funds post GRESB ESG outperformance across peer groups](https://longbridge.com/en/news/290280516.md) - [Continental Realty Corp sells Sweetgrass Corner, Shops at Towne Centre Way in South Carolina](https://longbridge.com/en/news/290239811.md) - [Newly minted SpaceX millionaires are preparing for their first big purchases — and luxury real estate is top of mind](https://longbridge.com/en/news/289813965.md)