HK Stock Market Move | Intra-day stocks soared rapidly, Vanke's bonds hit the largest increase in nearly a year, institutions claimed that the signal of stability at the beginning of the year continues to strengthen.

In the afternoon, the stocks in the interior of the market surged rapidly, as of press time, CHINA VANKE (02202) rose by 3.76% to HK$3.86; COUNTRY GARDEN (02007) rose by 3.57% to HK$0.29; LOGAN GROUP (03380) rose by 3.05% to HK$1.35; SUNAC (01918) rose by 1.6% to HK$1.27. In terms of news, on February 11, the US dollar bonds issued by Vanke in November 2029 saw the largest increase since January 27, 2025. As of 2:30 pm Beijing time, the company's 3.5% bond rose by 5.7 cents to 38.7 cents per US dollar. The 3.975% bonds due in November 2027 rose by 3.3 cents to 37.5 cents per US dollar. It is worth noting that Shanghai recently promoted the acquisition of second-hand houses. Orient released a research report stating that in the current situation of deep adjustment in housing prices, Shanghai is piloting the market-oriented purchase of "old and broken houses", which is equivalent to providing an exit channel for specific assets and reshaping the "price anchor", which helps stabilize price expectations; if the scope of acquisition continues to expand in the future, it is expected to form a credit bottoming leverage, significantly improving market confidence. The signal to stabilize expectations at the beginning of 2026 continues to strengthen, suggesting a focus on the pace and strength of policy issuance this year. Specifically, observe the degree of weakening in the fundamentals, and counter-cyclical measures will be introduced.