Housing stocks in Hong Kong rose collectively.$CIFI HOLD GP (00884.HK)$Increase by more than 3%$LONGFOR GROUP (00960.HK)$、$AGILE GROUP (03383.HK)$Increase by more than 2%$COUNTRY GARDEN (02007.HK)$Wait for an increase of nearly 2%.

On the news, on November 21, the people's Bank of China and the Bancassurance Regulatory Commission jointly held a national forum on credit work of commercial banks to study the implementation of financial policies and measures to support economic stability. At the forum, Pan Gongsheng said that on the basis of the special loan for "Baojiaolou" launched earlier,The people's Bank of China will launch a 200 billion yuan loan support program for six commercial banks to provide commercial banks with zero-cost funds to encourage them to support the work of "Baojiaolou".

Since November, a series of new financial support real estate policies have been introduced, including the 250 billion yuan "second Arrow" to support the bond issuance and financing of real estate private enterprises, the "16 articles of Finance" on November 13, and the "letter of guarantee replacement notice" issued by the Banco Insurance Regulatory Commission on November 14, and so on.

China International Capital Corporation expects that the "bao Jiaolou" policy will help to ease the funding gap of problematic real estate, and does not rule out the possibility of subsequent increase. Looking forward, financial support for real estate financing can improve the asset quality of related loans.

In addition, the news of recent bond issuance by real estate companies has also increased one after another.On the evening of November 21st, the real estate giant Vanke announced that the company adopted a resolution of the board of directors on the same day, requesting the shareholders' general meeting to authorize the issuance of direct debt financing instruments with a maximum amount of 50 billion yuan, which will be valid for 36 months from the date of examination and approval by the shareholders' meeting. At the annual meeting of the 2022 Financial Street Forum held on November 21, Yi Huiman, chairman of the China Securities Regulatory Commission, also mentioned the need to support the implementation of a plan to improve the balance sheet of high-quality real estate enterprises and to continue to support the reasonable bond financing needs of real estate enterprises.