Urban Renewal Plan Supports Activation of Idle Land; CN Home Stocks Rally Broadly
AASTOCKS News·- China's State Council has launched the "Urban Renewal '15th Five-Year' Plan" outlining targets and measures for urban renewal. - On May 29, several CN Home stocks experienced significant gains, with Country Garden rising 26.79% and China Aoyuan increasing by 17.02%. - The plan includes seven major policy measures aimed at improving urban renewal practices, such as enhancing investment systems and activating idle land.The Shanghai Composite Index fell slightly, AI applications triggered a surge in limit-up stocks, real estate rose strongly, the Hang Seng Index turned positive, tech stocks adjusted, and Shanghai gold and silver surged
Wallstreetcn·- The recent launch of the trillion-parameter MoE model Kimi K2.5 has led to a significant rebound in AI application stocks, with companies like iFlytek hitting their trading limits. - Several real estate companies are reportedly no longer required to submit monthly "three red lines" data, making the real estate sector particularly active in morning trading. - On January 29, A-shares exhibited mixed trends, with the Shanghai Composite Index slightly down and the ChiNext Index rising, while domestic commodity futures saw widespread gains, especially in gold.