The increase of China Resources Land (1109.HK) expanded to over 14%.

Hong Kong property stocks soared, with China Resources Land (1109.HK) rising 14.42 per cent to HK $37.70, the highest since November last year, with a turnover of more than HK $1 billion and a market capitalization of more than HK $260 billion. Many places to implement the "two concentration" Synchronize public sale of residential land, that is, the centralized release of transfer announcements, the centralized organization of transfer activities. The whole year will be divided into three batches, centralized and unified release of residential land auction hanging announcement, and the implementation of auction hanging transfer activities to guide rational competition in the market. Citic Securities pointed out that this move will help stabilize the expectations of the use of corporate funds, avoid centralized competition, and reduce the premium rate of the land market. Increase the openness and transparency of the land market, standardize the real estate development process, and reduce the space for "land listing", which is beneficial to large national companies. Stimulate local governments to appropriately increase land supply, appropriately improve the quality of land supply, and set a reasonable price.