Binjiang Real Estate Wins Two Residential Parcels for 24.6 Billion Yuan

Binjiang Real Estate Wins Two Residential Parcels for 24.6 Billion Yuan

The A-share real estate sector surged and then fell back, with Binjiang Group down over 7%, Vanke A down over 2%, and CHINA WUYI, CASIN, 5i5j, and HUCD also declining

Hangzhou Binjiang Real Estate's shareholders plan to unload shares

Hangzhou Binjiang Real Estate's shareholders plan to unload shares

The three major A-share indices collectively rose at the midday break, with the innovative drug concept experiencing a surge

36Kr learned that the three major indices of A-shares collectively rose during the midday break, with the Shanghai Composite Index up 0.1%, the Shenzhen Component Index flat, and the ChiNext Index up 0.22%; the innovative drug concept surged, with Cosunter and ALK hitting the daily limit; the retail and aviation sectors led the gains, with Nanning Department Store rising over 6% and Juneyao Airlines rising over 4%; the basic metals, diversified finance, and real estate sectors weakened, with Western Superconducting and Ganfeng Lithium falling over 6%, China National Petroleum Capital falling over 4%, and Binjiang Group falling over 3%

CICC: In September, the transaction volume and prices in the second-hand housing market continued to show a weak trend, with a marginal increase in the number of listings

CICC released a research report indicating that the transaction volume and prices in the second-hand housing market in September continued the weak trend since the second quarter. The transaction volume in 80 cities according to intermediary standards decreased by 10% month-on-month, but increased by 19% year-on-year; the registered transaction area in 15 cities increased by 6% month-on-month and grew by 9% year-on-year. In terms of listings, the number of listings in 130 cities slightly increased by 0.4% month-on-month. Overall, the market is facing pressure on transaction volume and housing prices, requiring policy support to improve the supply-demand structure