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On August 28th, during the earnings call, Meituans management stated that in the second quarter, Meituan continued to strengthen its leading advantages in user structure, order structure, and operational efficiency. Looking ahead to the third quarter, the unit economics (UE) of food delivery is expected to improve significantly year-on-year, but will decline sequentially due to seasonal factors, and is expected to remain positive.Beike (BEKE.N) shares rose about 12% in pre-market trading after Chinas State Financial Regulatory Commission issued five management measures to reform and improve the real estate financing system.The *Trial Measures for the Management of Loans for Commercial Housing Development* draws heavily on the experience and practices of the "whitelist" mechanism, treating projects of different ownership equally and meeting the reasonable financing needs of commercial housing development projects. The *Trial Measures for the Management of Personal Housing Loans* reasonably adjusts the timing of loan disbursements, appropriately optimizes the upper limit of the income-to-debt ratio, and extends the upper limit of loan terms, protecting the legitimate rights and interests of homebuyers while better meeting residents rigid and improved housing needs. The *Trial Measures for the Management of Commercial Real Estate Loans* clarifies loan requirements for the development, purchase, and operation stages of commercial real estate, supporting the stable and healthy development of the commercial real estate market. The *Trial Measures for the Management of Loans for Urban Renewal Projects* guides banking financial institutions to enhance the accuracy, adaptability, and effectiveness of financial services for urban renewal, contributing to the high-quality advancement of urban renewal. The *Trial Measures for the Management of Trust Companies Trust Business in the Real Estate Sector* adheres to the principles of serving the real economy, controllable risk, and implementing investor suitability management. By clarifying business rules, strengthening professional capacity building, and enhancing investor protection, it promotes trust companies to better leverage their unique advantages in conducting trust business in the real estate sector.On August 28, the Peoples Bank of China and the State Financial Supervision and Administration Bureau issued a notice entitled "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development." The notice states that for borrowers of existing personal housing loans who experience temporary loss of income and difficulty in repaying their loans, banking financial institutions may, in accordance with market-oriented and rule-of-law principles, negotiate with borrowers to flexibly adjust repayment plans by reasonably postponing repayment times, extending loan terms, or delaying principal repayment.On August 28th, the Peoples Bank of China and the State Financial Supervision and Administration Bureau issued a notice entitled "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development." The notice defines housing rental development and construction loans as loans issued by banking financial institutions to various entities, including real estate development enterprises, industrial parks, rural collective economic organizations, and enterprises and institutions, for the construction of rental housing in accordance with laws and regulations. The term of housing rental development and construction loans is generally three years, with a maximum of five years.

S&P 500 (SPY) Gains Ground As Rebound Continues

Florala Chen

Oct 19, 2022 16:33

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S&P 500 rose more than 1% on widespread rebound

After touching the 3760 resistance level, the S&P 500 lost pace and drew back toward the 3720 level. Stocks nonetheless managed to post respectable gains for the day.


Stocks received significant support from the Industrial Production data, which showed that Industrial Production climbed by 0.4% month over month in September. But it seems that the stock market's primary driver today was the continuance of the technical bounce.


One of today's largest gainers was the cruise industry. Today's gains ranged from 7 to 11% for Royal Caribbean Cruises, Norwegian Cruise Line Holdings, and Carnival Corporation.


After exceeding analyst earnings expectations and expanding stock repurchases, Lockheed Martin saw an 8% increase. Salesforce increased by more than 4% after Starboard Value's purchase of a stake in the business.


Interestingly, despite the significant sell-off in the oil markets, top energy equities like Exxon Mobil and Chevron did not decline.


From a wide perspective, the recovery was significant, and all market sectors rose. Traders kept looking for discounts and purchasing undervalued stocks.


Following the release of its earnings report, Netflix shares climbed near $275 in the after-market session. The firm posted profits of $3.19 per share and sales of $7.48 billion, both of which were higher than analysts' estimates. Regarding the fourth-quarter forecast, Netflix said that the persistently high dollar posed a substantial obstacle. Netflix anticipates reporting revenue of $7.8 billion for the last quarter of current year.


The shares of United Airlines rose to $40 in the after-market session after the airline's earnings topped analysts' expectations. The business said that despite the difficulties of the recession, robust COVID recovery patterns will continue. Previously, traders were concerned that consumer spending would be harmed by recession worries, but it seems that demand for air travel is still high.

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