In December 3rd, Hong Kong stocks, which are sensitive to the Renminbi, collectively fell for mainland real estate, with ronshinechina dropping more than 7%, sino-ocean gp, radiance hldgs, sunac, shimao group falling more than 4%, r&f properties, radiance hldgs falling more than 3%, china vanke, joy city falling more than 2%. On the news front, the Renminbi continues to depreciate, with offshore Renminbi against the US Dollar falling below 7.31 to 7.31395, the lowest since November 2023. (Grain Finance)