The Chief Executive issued a new 'Policy Address', announcing that the Hong Kong Monetary Authority will relax the maximum loan-to-value ratio for residential properties to 70% across the board, and the maximum debt-to-income ratio to 50%, regardless of whether it is the first purchase, self-occupation, or for rental purposes. The 'Policy Address' also optimizes the 'Admission Scheme for the Second Generation of Hong Kong Permanent Residents', allowing investment in residential properties, with the property's transaction fill price required to be 50 million yuan or more, and investments in real estate counted towards the total investment limit of 10 million yuan.

Stimulated by the news, local property stocks rose in the afternoon, with New World Development (00017.HK) reaching a high of 8.56 yuan. Currently at 8.5 yuan, up 5.46%, with a trading volume of 13.8686 million shares, involving 0.113 billion yuan. Henderson Land (00012.HK) latest price at 26.35 yuan, up 4.77%, with a trading volume of 0.103 billion yuan. Sun Hung Kai Properties (00016.HK) latest price at 88.8 yuan, up 3.26%, with a trading volume of 0.191 billion yuan. CK Asset (01113.HK) latest price at 33.75 yuan, up 2.58%, with a trading volume of 2.5252 million shares, involving 83.7054 million yuan. Sino Land (00083.HK) currently at 8.59 yuan, up 2.87%, with a trading volume of 22.8904 million yuan. Kerry Properties (00683.HK) currently at 16.7 yuan, up 3.21%, with a trading volume of 9.5165 million yuan.

However, MTR Corporation (00066.HK) lagged behind, currently at 29.3 yuan, down 1.35%, with a trading volume of 48.9245 million yuan. Property agency stock Midland (01200.HK) had previously risen to 1.05 yuan. Its latest price is 0.99 yuan, up 2.06%, with a trading volume of 6.4243 million yuan.

The Hong Kong government has requested further optimization of tourist visas for Mainland residents, including the resumption of the 'One Visa, Multiple Entries for Shenzhen'. Among the house rental companies, Wharf REIC (01997.HK) is currently at 25.2 yuan, up 2.44%, with a trading volume of 36.5147 million yuan. Link REIT (00823.HK) is currently at 38.4 yuan, up 1.72%, with a trading volume of 0.116 billion yuan.