Golden Emperor Financial News | KE Holdings (02423) fluctuating and strengthening, as of the article, rose by 20.22%, to HK$71.65, with a turnover of 0.568 billion Hong Kong dollars.
On the news front, Citigroup's research report pointed out that due to the shift of China's quantitative easing (QE) policy focus, mainland real estate will reach a turning point in October. It is believed that more expansionary fiscal measures will be taken in October, with expectations for loose policies (such as in first-tier cities), subsequent fiscal actions, bank capital restructuring, improved expectations for the renminbi exchange rate, and government attention to the real estate and stock markets will be positive factors for October. The bank expects that after the announcement of local policies in early October, mainland real estate sales will rebound in October, estimating that sales in the fourth quarter will narrow the year-on-year decline to 15%. The bank prefers KE Holdings and Rundian among mainland real estate stocks.