Economic Updates and Market Trends

Market Response to URA’s Kowloon City Project

The response to the URA’s Kowloon City project has been muted, with a tender received after the interest rate cut. The lowest bid price on Friday was RMB 1.2 billion, down 20% from the beginning of the year.

Real Estate Market Trends

Big buyers have purchased nearly RMB 200 million from Tianshi. GEORGE’s two-unit Royal Forest House has sold for 34.38 million yuan, with a real loss of 10% in 3 years. Yin Baiquan’s Mong Kok shop has lost more than half of the 63.8 million yuan in 16 years.

Interest Rate Analysis

Analysis of the People’s Bank of China’s LPR and no interest rate cut suggests that the MLF may be lowered next week. Official media promotes currency policy to reduce corporate financing. Small and medium-sized banks in residents’ credit costs have successively lowered their deposit interest rates with the reduction of P.

Banking and Finance

HSBC: Bank of Hong Kong’s net interest margin is expected to be reduced, and 4 moves will be made to offset the pressure. FTSE changed horses. Hong Kong stock turnover was 176.8 billion in 4 months.

Regulatory Updates

The High School Securities Regulatory Commission reported to postpone the overseas IPO of a tea drinker. The Hong Kong Stock Exchange task force is setting up a fund platform and will announce details next quarter.

Economic Indicators

Hong Kong’s inflation in August remained at 2.5%, slightly lower than expected. Rental expenses for renting out water, electricity, coal, and dining out recorded a large increase.

International Market Trends

Bloomberg: Mainland China plans to relax household registration restrictions for home purchases in first-tier cities. Deloitte advocates a 50% increase in airport departure tax. Land and sea departure tax, investment products sold in Hong Kong last year were popular, sales rose 4.3 trillion, 14%.

Corporate Updates

NIO said it insists on making pure electric vehicles and does not plan to expand range-extended vehicles. Express delivery will be direct in January next year. Feixiandai promotes limited-time discounts for 4 flights a week. Nike changes CEO. Veteran returns to boost sales, spurring stock price to rise 7%. Rival Adidas is under pressure.

Global Economic Updates

Japan keeps interest rates unchanged and raises consumption assessment. The Three Mile Island Nuclear Power Plant plans to restart selling electricity to Microsoft to develop AI.