The real estate market made a big move, and Fangduoduo soared 35% before the market opened.

Gelonghui May 17 | Fangduoduo (DUO.US) surged 35% to US$0.54 before the market opened

Gelonghui May 17 | Fangduoduo (DUO.US) surged 35% to US$0.54 before the market opened.
In terms of news, the central bank introduced three policies today to stabilize the property market.
The central bank announced the cancellation of the lower limit on commercial personal housing loan interest rates for first and second homes at the national level; starting from May 18, 2024, it will lower the personal housing provident fund loan interest rate by 0.25 percentage points.
The Central Bank and the State Administration of Financial Supervision announced that the minimum down payment ratio for commercial loans for first-time homes will be adjusted to no less than 15% and for second homes, no less than 25%.
In addition, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, pointed out that relevant local governments should proceed from reality and properly dispose of the idle stock of residential land that has been transferred by taking back, purchasing, etc., as appropriate, to help real estate companies with financial difficulties solve their difficulties; there is a large inventory of commercial housing. Cities and governments may order and purchase some commercial houses at reasonable prices as appropriate to use as affordable housing.

Like (0)
Previous May 17, 2024 3:53 pm
Next May 17, 2024 3:53 pm

Related posts

  • The Martian revealed that his trust investment had failed, and Huang Weibin failed in the first battle of his three-year growth target

    Source: Home K-line original Jin Wenyu At the beginning of 2023, when communicating with investors, Martian (300894.SZ) set a growth target for the next three years: from 2023 to 2025, revenue will be no less than 2.9 billion yuan, 35 billion, 4.2 billion yuan, and net profit shall not be less than 450 million yuan, 550 million yuan, or 680 million yuan. But in the first year, the Martians failed to achieve the goals they set. According to its just-released annual report data, Martian will achieve operating income of 2.139 billion yuan in 2023, a year-on-year decrease of 6.03%; it will achieve a net profit attributable to shareholders of listed companies of 247 million yuan, a year-on-year decrease of 21.39%. Neither revenue nor net profit reached the target value. In fact, Martian has experienced a decline in both revenue and net profit for two consecutive years. Its revenue and net profit have already declined by 1.81% and 16.29% respectively in 2022, and the decline will be even greater in 2023. Leju Finance has noticed that among the factors that affect…

    US Stocks Focus April 25, 2024
  • The first regional airline stock has made a strong reversal!

    Since entering 2023, the civil aviation industry has accelerated its recovery, and all civil aviation has achieved significant reductions in losses.

    US Stocks Focus April 25, 2024
  • JTL Industries completes Phase-I expansion at Nabha Steels, shares up

    JTL Industries Limited announced the completion of Phase-I expansion at its subsidiary, Nabha Steels and Metals, located in Mandi Gobindgarh, Punjab. The first phase of the expansion will deliver a production capacity of 5,000 metric tons per month of hot-rolled (HR) coils, which are the raw materials for electric resistance welded (ERW) steel pipes.

    US Stocks Focus June 3, 2024
  • From new productive forces to breakthroughs in foreign trade, experts: These elements inject new vitality into China’s economy

    On April 23, the China Journalists Association held a press teahouse in Shanghai for the first time. Five experts from the Institute of World Economics and Politics, Chinese Academy of Social Sciences, interpreted the Chinese economy around current hot topics, such as new productivity and foreign investment.

    US Stocks Focus April 25, 2024
  • Yongxin Shares: Net profit in the first quarter of 2024 was 86.4236 million yuan, a year-on-year increase of 10.86%

    Yongxin Shares (002014) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 835 million yuan, a year-on-year increase of 6.34%; net profit attributable to the parent company was 86.4236 million yuan, a year-on-year increase of 10.86%; non-net profit after deducting 80.7743 million yuan, a year-on-year increase of 5.50%; generated from operating activities Net cash flow was -71.7951 million yuan, compared with -114 million yuan in the same period last year; during the reporting period, Yongxin\’s basic earnings per share was 0.14 yuan, and the weighted average return on net assets was 3.62%.

    US Stocks Focus April 25, 2024
  • Markets to track global cues; may witness gradual up-move ahead of Lok Sabha poll results: Analysts

    Equity markets may witness a gradual up-move this week with some volatility as both election and earnings season are nearing their end, analysts said, adding that global trends and trading activity of foreign investors would hold significance in dictating investors' sentiment.

    US Stocks Focus May 27, 2024