On October 2, CHINA RES LAND declined 3.53% in regular trading, trading at HK$29.48 per share, with turnover of HK$223 million. The real estate development sector continued to weaken broadly following the official launch of the nationwide housing loan subsidy policy.

On the news front, the Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration jointly issued a notice implementing a residential mortgage subsidy policy effective October 1, offering a 1 percentage point interest rate subsidy for qualifying first-home buyers for up to five years. However, the policy imposes strict eligibility criteria — units must be under 120 square meters and priced below RMB 1.5 million — leading institutions to characterize it as targeted support for rigid demand rather than broad-based stimulus. Analysts noted the limited impact on high-priced urban core areas and overall national housing demand.

Within the Real Estate Development sector, stocks declined broadly. LONGFOR GROUP fell 3.78%, SUNAC dropped 3.82%, HENDERSON LAND lost 2.92%, CHINA OVERSEAS slid 1.82%, and CK ASSET declined 1.67%. The previous trading sessions saw the sector stage a brief V-shaped recovery on September 30, but selling pressure resumed as the market digested the policy's narrow scope.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)