Top 5 HK Stock Gainers/Losers (>100B) (8.31)
Top Gainers&Losers·
Chinese Developers Open Higher Then Pare Gains as Mortgage Loan Terms in China Extended
AASTOCKS News·- Chinese property developers broadly advanced initially before paring gains following a regulatory update on real estate credit management. - The People's Bank of China and the National Financial Regulatory Administration jointly issued opinions on Aug 28 to reform real estate credit. - The new policy stipulates that the maximum term for personal housing loans shall not exceed 40 years.Hung Shui Kiu Area Stake Attributable to 6 Firms as to About 17% Each
AASTOCKS News·- The HSK New Development consortium won the Hung Shui Kiu area project for HKD 1.03 billion, with a total investment of HKD 16.8 billion. - Six enterprises form the consortium, where CHINA OVERSEAS, CHI MER LAND, CHINA RES LAND, JD-SW, and SINO LAND each hold a 17 percent equity interest, and China Tourism Group holds the remaining 15 percent. - Capital commitments and the distribution of profits or losses are determined proportionally based on the respective equity interests of each joint venture partner.