On August 15th, Gronglohui | China Merchants Commercial Reit (1503.HK) rose more than 7.2% in the morning session, reaching a high of 1.19 Hong Kong dollars. In terms of news, the company released its interim performance for the six months ending June 30, 2024, with a revenue of 0.266 billion yuan, an 11.9% year-on-year increase; distributable income of 62.018 million yuan, a 26.3% year-on-year increase; distributing 0.06 Hong Kong dollars per fund unit. During the period, the overall rental rate of the property portfolio rose from 86.8% to 92.7%, up 5.9 percentage points from December 31, 2023. In terms of fund management and governance, the manager continues to aim for cost savings. Refinancing last year is expected to save nearly 15 million yuan in interest expenses for the current year. In the market environment of continuous interest rate cuts in yuan, the manager is also constantly exploring further possibilities to reduce interest costs. In addition, the manager will continue to focus on adding high-quality commercial assets in Hong Kong and mainland China to the REIT fund's investment portfolio to further enhance the diversity and stability of income in the investment portfolio.