RONSHINE CHINA FALLS APPROXIMATELY 31%, SUNAC CHINA DROPS AROUND 25%, AND CHINA VANKE DECLINES ABOUT 14%.
HANG SENG INDEX TURNS NEGATIVE AFTER PREVIOUSLY RISING OVER 2%; HANG SENG TECH INDEX NARROWS GAINS TO 0.36%.
$RONSHINECHINA (03301.HK)$ $SUNAC (01918.HK)$ $KAISA GROUP (01638.HK)$ $SHIMAO GROUP (00813.HK)$ $CHINA VANKE (02202.HK)$ $SINO-OCEAN GP (03377.HK)$ $CIFI HOLD GP (00884.HK)$ $CHINA AOYUAN (03883.HK)$ $SEAZEN (01030.HK)$ $ZHENRO PPT (06158.HK)$ $AGILE GROUP (03383.HK)$ $LONGFOR GROUP (00960.HK)$ $LOGAN GROUP (03380.HK)$ $KWG GROUP (01813.HK)$ $POWERLONG (01238.HK)$ $CHINA JINMAO (00817.HK)$ $TIMES CHINA (01233.HK)$ $SUNAC SERVICES (01516.HK)$ $POWERLONG CM (09909.HK)$ $CG SERVICES (06098.HK)$ $S-ENJOY SERVICE (01755.HK)$

w Chinese govt making downpayment % lower! but is tht really an issue , or …
heard that supply is more than demands!!China rolls out 'heavyweight policies' in bid to fix property market malaise
$SEAZEN (01030.HK)$

$Hang Seng Index (800000.HK)$ climbed 303 points or 1.6% to 19,376 at midday. $Hang Seng China Enterprises Index (800100.HK)$ gained 122 points or 1.8% to 6,864. $Hang Seng TECH Index (800700.HK)$ hiked 42 points or 1.1% to 4,084. Total half-day turnover for the market amounted to $114.256 billion.
$TENCENT (00700.HK)$ 's 1Q24 non-IFRS net profit hiked 54% YoY, beating forecasts, and its share price advanced 4.2% to $397.8.
$BABA-W (09988.HK)$ shed 2.4%...

$BYD COMPANY (01211.HK)$ and $LI AUTO-W (02015.HK)$ escalating 4.4% and 5.8%, $LEAPMOTOR (09863.HK)$ and $XPENG-W (09868.HK)$ spiking more than 8%, and $NIO-SW (09866.HK)$ rallying 7.2%. Auto agent $ZHONGSHENG HLDG (00881.HK)$ hiked 6.5%.
Domestic property stocks remained sought after. $LONGFOR GROUP (00960.HK)$ , $CIFI HOLD GP (00884.HK)$ , $GREENTOWN CHINA (03900.HK)$ , $KWG GROUP (01813.HK)$ and $SUNAC (01918.HK)$ rocke...

HK-listed mainland property developers are dropping on Wednesday, making the sector the biggest dragger on the stock market today, as wordings about realestate from the Central Economic Work Conference missed expectations.
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $EVERGRANDE (03333.HK)$ $EVERG SERVICES (06666.HK)$ $LONGFOR GROUP (00960.HK)$ $LONGFOR GROUP HLDG (LGFRY.US)$ $SUNAC (01918.HK)$ $CIFI HOLD GP (00884.HK)$ $TIMES CHINA (01233.HK)$ $SEAZEN (01030.HK)$ $POWERLONG (01238.HK)$ $CHINA VANKE (02202.HK)$ $Global X Funds Global X Msci China Real Estate Etf (CHIR.US)$

The market watches the Central Economic Work Conference and the subsequent property market policy. Chinese developers took the lead to soar. $COUNTRY GARDEN (02007.HK)$ and $CIFI HOLD GP (00884.HK)$ spiked 8.2% and 11.1%, while $LONGFOR GROUP (00960.HK)$ , $CHINA RES LAND (01109.HK)$ , $SEAZEN (01030.HK)$ , $R&F PROPERTIES (02777.HK)$ and $SINO-OCEAN GP (03377.HK)$ shot up 4.8% to 5.9%. $SUNAC (01918.HK)$ slumped 6.1% after a Beijing court ruled that Sunac...

At close, $Hang Seng Index (800000.HK)$ marked at 17,559, down 351 pts or 1.96%; $Hang Seng China Enterprises Index (800100.HK)$ sagged 129 pts or 2.1% to 6,041; and $Hang Seng TECH Index (800700.HK)$ dropped 92 pts or 2.24% to 4,024. Total turnover for the whole day was $88.149 billion.
$CHOW TAI FOOK (01929.HK)$ plummeted 10.8% to $10.74, the worst performing blue chip of the day. Although it had reported interim net profit rising 36% with higher interim dividend, the market was watchf...

Automakers $GEELY AUTO (00175.HK)$ , $BYD COMPANY (01211.HK)$ and $GWMOTOR (02333.HK)$ went down 1.3%-1.6%, while $XPENG-W (09868.HK)$ plunged 6.9% at $63.4. 
$EVERGRANDE (03333.HK)$ shot up 10% to $0.55 after Guangzhou became the first T1 city to officially announce the easing of purchase restrictions. Yet $YUEXIU PROPERTY (00123.HK)$ , $SINO-OCEAN GP (03377.HK)$ , $LONGFOR GROUP (00960.HK)$ , $SEAZEN (01030.HK)$ and $SUNAC (01918.HK)$ sank 1.7%-2.7%. $R&F PROPERTIES (02777.HK)$...