Hong Kong Stock Movement | Property Stocks Lead Gains as Shanghai Further Lowers Home Purchase Threshold Commercial Property Loan Down Payment Ratio Reduced to No Less Than 30%

CITIC Finance APP learned that the real estate stocks led the gains. As of the latest report, CIFI Holdings (00884) rose 8.33% to HKD 0.078; Sunac China (01918) increased 5.98% to HKD 1.24; China Vanke (02202) went up 3.85% to HKD 3.51; Country Garden (02007) gained 3.23% to HKD 0.32.

On the policy front, the Shanghai headquarters of the People’s Bank of China announced the following adjustments to the commercial property mortgage policy in Shanghai: Starting March 16, 2026, the minimum down payment ratio for commercial property purchases in Shanghai will be adjusted to no less than 30%. Financial institutions are required to determine the specific down payment ratio for each loan reasonably based on their operational status, customer risk profile, and other factors. This is the first adjustment to Shanghai’s commercial property mortgage policy in over ten years, and other cities are expected to follow suit.

Additionally, data from the National Bureau of Statistics shows that from January to February, the year-over-year decline in real estate development investment narrowed by 6.1 percentage points compared to the full year of 2024. The year-over-year decline in new commodity housing sales area and sales amount widened compared to the full year of 2024. By the end of February, the year-over-year growth rate of the pending sale area of commercial housing slowed by 1.5 percentage points compared to the end of 2025. Industry insiders believe that the significant narrowing of real estate development investment indicators compared to 2024 reflects that the market’s supply-side adjustments are gradually stabilizing.