HK Stock Market Move | The stocks of domestic real estate companies have all fallen back, property data for June still remains weak. Real estate has been positioned as a consumer durable commodity.

In the stock market, Inner Mongolia stocks all fell back, as of the time of publication, SUNAC (01918) fell by 6.9% to 0.54 Hong Kong dollars; CHINA RES LAND (01109) fell by 3.35% to 33.46 Hong Kong dollars; SEAZEN (01030) fell by 2.78% to 1.4 Hong Kong dollars. On the news front, data released by the National Bureau of Statistics shows that the cumulative sales area of commercial housing nationwide from January to June was 401.40 million square meters, a year-on-year decrease of 11.6%, an increase of 0.8 percentage points compared to January to May; During the period, the cumulative completed investment in development amounted to 3.8074 trillion yuan, a year-on-year decrease of 18.0%, an increase of 1.8 percentage points compared to January to May. In addition, the "Expansion of Consumption in the 15th Five-Year Plan" officially includes housing consumption in the category of bulk durable goods consumption. China Great Wall pointed out that this indicates that the "residential and consumption" attribute of real estate will take a more dominant position compared to the "investment and speculation" attribute, and the policy orientation will also shift from past series of restrictive measures to support and promote consumption to boost market confidence. At the same time, the "Plan" uses words such as quality, intelligence, transformation, and quality to describe real estate, indicating that the tone of real estate is gradually shifting from "ensuring construction completion, preventing risks" to urban renewal, construction of "good houses", and other aspects of quality improvement.