According to the news from Zhitong Finance, mainland real estate stocks rebounded in early trading. As of press time, Radiance Hldgs (09993) rose 15.25% to HKD 3.4; Shimao Group (00813) rose 4.49% to HKD 0.93; Sino-ocean Gp (03377) rose 3.41% to HKD 0.455; Logan Group (03380) rose 3.08% to HKD 0.67.

On the news front, according to CCTV news, journalists recently learned from the regulatory bureaus of Guangdong, Guangxi, Sichuan, Jiangsu, Zhejiang and other provinces that the urban real estate financing coordination mechanism in various regions is running smoothly and the approval and fund allocation of real estate "white list" projects continue to increase. As of June 3, banks in Guangdong have granted credit to 307 "white list" projects in two batches, totaling RMB 93.377 billion, providing financing of RMB 39.288 billion. Both the credit scale and actual landing amount are among the best in the country.

According to a research report from GTJA, in May, although the central and local governments issued a series of policies, market feedback showed that the improvement in sentiment was mainly reflected in the increase in the number of project visits and second-hand house tours, and there was no significant boost in sales data, which was related to the short time frame of the policies and the heavy wait-and-see sentiment of homebuyers. In June, with the continuous fermentation of the policies, residents and governments are working together with real estate companies to promote mid-year sales, and it is expected to further improve sales data.