Hong Kong Stock Movement: EVER REACH GP fell 19.35%

Hong Kong Stock Movement Stocks with High Trading Volume in the Industry China Resources Land fell 0.53%. According to recent important news: On September 23, China Resources Land announced a senior management change, with Guo Shiqing resigning as executive director and chief financial officer, and Zhao Wei taking over. This change raised market concerns about the stability of the company's management, leading to stock price fluctuations. On September 22, China Resources Land acquired the Pudong Houbantian dual residential land at a base price of RMB 24.47 billion, with the project named "Yuanqi Riverside." This move demonstrates the company's aggressive expansion strategy in the real estate market, with limited short-term impact on stock prices. On September 20, China Resources Land opened the Huai'an Vientiane City in collaboration with Huai'an Guolian Group, marking the company's further expansion in the commercial real estate sector and enhancing market confidence in its long-term development. The real estate market is expanding, and there are management changes. Sunac China rose 0.63%, with a trading volume of HKD 264 million. According to recent key news: On September 22, the voting time for the debt restructuring plan of China Ocean Group was postponed to September 30, affecting market confidence in the real estate industry and leading to fluctuations in related stocks. 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, 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, sales amount fell by 7.3% year-on-year, and national housing prices continued to decline month-on-month, putting overall pressure on the real estate sector. On September 23, Sunac Real Estate Group Co., Ltd. added a new execution information with an execution target of over RMB 820 million, further intensifying market concerns about the company's financial situation. The real estate sector is undervalued, and policy expectations are increasing. Vanke Enterprises rose 1.48%. Based on recent important news: On September 23, Vanke Enterprises is negotiating with major domestic creditors to lower the interest rates on hundreds of billions of RMB of private debts to alleviate liquidity pressure. Vanke has decided to postpone some debt interest payments, and creditors are still evaluating the plan. This move may affect market confidence in Vanke, leading to stock price fluctuations. Data source: Bloomberg. On September 23, Vanke Enterprises made progress in organizational restructuring, with the Shenzhen Metro management fully taking over Vanke's strategic decision-making power, accelerating the reform process. This move may improve decision-making efficiency and enhance market confidence in Vanke. Data source: Sing Tao. On September 21, Vanke Enterprises made adjustments in regional management, restructuring the development and operation headquarters to improve management efficiency. This move may improve the company's operational performance and enhance market confidence. Data source: Sing Tao. Competition in the real estate industry is intensifying, and liquidity pressure is becoming apparent. Stocks with High Market Capitalization in the Industry China Overseas Land rose 0.73%. Based on recent important news: On September 22, the China Overseas Land-initiated Huaxia China Overseas Commercial REIT received registration approval from the China Securities Regulatory Commission and a no-objection letter from the Shenzhen Stock Exchange, driving the stock price up The initial asset of this REIT is Foshan Yingyue Lake Huanyu City, which aligns with the policy encouragement for consumption REITs and the trend of industry transformation. On September 23, Beijing China Overseas Financial Center adopted advanced energy-saving technologies, achieving a building energy-saving rate of 70% and a carbon reduction rate of 68%, demonstrating China Overseas Development's innovative capabilities in the field of green buildings and enhancing market confidence. On September 21, China Overseas Group met with the Secretary of the Huangpu District Committee of Shanghai, where both parties engaged in in-depth discussions on strategic cooperation, further strengthening the construction of benchmark projects in Huangpu District and promoting high-quality regional development. With policy support on the rise, there is room for real estate stocks to increase