HK Stock Price Fluctuated | SHIMAO GROUP(00813) rises over 6%. The cumulative total contract sales for the first 10 months are approximately 37.58 billion yuan, a year-on-year decrease of 48.51%.

Shimao Group (00813) rose more than 6%, closing up 6.56% at HKD 0.65, with a turnover of HKD 1.36 million. On the news front, the company announced that as of October 31, 2023, the cumulative total contract sales of the group amounted to approximately CNY 37.58 billion, a year-on-year decrease of 48.51%. The cumulative total contract sales area of the group was 2.5478 million square meters. The average selling price for the 10 months ending October 31, 2023, was CNY 14,751 per square meter. In addition, on November 17, the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly held a symposium for financial institutions. The meeting pointed out that different types of real estate companies should be treated equally to meet their reasonable financing needs. Normal real estate companies should not be denied loans or have their loans revoked. The "second arrow" will continue to be used to support private real estate companies in issuing bond financing. Support will be provided to real estate companies to obtain reasonable equity financing through the capital market.