Mainland real estate stocks in the Hong Kong stock market have strengthened, as of the deadline for this report,$SUNAC (01918.HK)$leading with a 7% increase, with a trading volume of 0.89 billion Hong Kong dollars;$CHINA VANKE (02202.HK)$up by 2.75%, $CHINA OVERSEAS (00688.HK)$up by 3.15%,$CHINA JINMAO (00817.HK)$Rising by 4.2%,$R&F PROPERTIES (02777.HK)$Rising by 5.88%.

On the news front, it is reported that Sunac is currently meeting with some domestic bond investors to have in-depth discussions on the second restructuring plan and explore possible solutions. From the current communication plan, Sunac will provide bondholders with four flexible options for about 15.5 billion yuan of domestic bonds, namely discounted repurchase, debt-for-equity swaps, debt-to-equity swaps, and debt extension. The report points out that if this plan is successfully implemented, it is expected that Sunac can reduce over 50% of its domestic debt. Informed sources revealed that it is currently just preliminary plan discussions, and the final version of the plan is expected by the end of November.

Editor/Rocky