HK Stock Market Move | Inner room stocks rebounded in early trading. Institutions believe that there is a high certainty of a small spring real estate market this year and are optimistic about the short-term continuation of the momentum market.

In the early trading session, the stocks in the real estate sector rebounded. As of the time of writing, Xuhui Holdings (00884) rose by 5.8% to 0.073 Hong Kong dollars; SUNAC (01918) rose by 5.45% to 1.16 Hong Kong dollars; Country Garden (02007) rose by 3.28% to 0.315 Hong Kong dollars; and China Vanke (02202) rose by 1.48% to 3.43 Hong Kong dollars. On the news front, the latest monitoring data released by Shenzhen Beike Research Institute shows that in February this year, the listing volume of second-hand houses in their cooperative stores decreased by 3.3% compared to the same period last year. The latest data released by the Chongqing Housing and Urban-Rural Development Commission shows that the transaction volume of commercial housing increased by 7.27% year-on-year, the transaction price increased by 0.3% year-on-year, and the proportion of high-quality "good houses" in transactions reached 28%. Orient released a research report stating that although the trading market cooled down after the Spring Festival and the property statements at the two sessions were not beyond expectations, judging from the forward-looking indicators, there is a high certainty of a small spring market in the real estate market this year. In addition, with policy expectations still in place for the April Political Bureau meeting, the logic of policy games and fundamental improvements are difficult to disprove in the short term. Therefore, we are optimistic that the industry's pulse market may continue in the short term.