crouchingtigerdragon| [Hong Kong Stock Connect] Jinhui Holdings (09993) surged more than 62%. All public bonds have been fully redeemed

Jinwu Caixun| Jinhui Holdings (09993) shares rise sharplycrouchingtigerdragonAs of press time, the stock price surged more than 62% against the market, reporting 3crouchingtigerdragon.56 Hong Kong dollars, with a turnover of 81.38 million Hong Kong dollars.

On the news front, the company previously announced that it had settled all credit bonds issued on the open market. It is understood that in July 2023, Jinhui Holdings completed the clearing of domestic credit bonds and debts. In addition, the completion of the redemption of US$300 million of overseas bonds, all the company's public bonds have been fully redeemed.

Huatai Securities pointed out that on May 21, Wuhan, Changsha and Hefei took the lead in reducing the down payment ratio and eliminating the lower limit of mortgage interest rates. In terms of down payment ratio, all three cities have reduced the down payment ratio for the first/second home by 5% to 15%/25%. In terms of interest rates, Wuhan has reduced the interest rate for the first/second commercial loan mortgage to 3crouchingtigerdragon.25%/3.35%, which is 30/80BP lower than the current mortgage interest rate in Aprilcrouchingtigerdragon; Changsha's first and second commercial loan mortgage rates fell by 10/20BP to 3.65%/3.95% respectively; Hefei's first and second commercial loan mortgage rates fell by 30/70BP to 3.45%. The decline in the down payment ratio will lower the threshold for home purchases. At the same time, the downward adjustment in mortgage interest rates will effectively reduce the pressure on residents to purchase houses. The demand for just-needed and improved home purchases is expected to be further released, helping the market stabilize. We are optimistic about high-quality real estate enterprises and property management companies with more resources and stable operations in core cities.