[Hong Kong second-hand property prices turn up, China's raw materials stabilize] According to Jinshi Data on October 10, Hong Kong's second-hand property price index rebounded this week after falling last week. The Centa-City Leading Index (CCL), which reflects the trend of the second-hand residential property market in major large-scale housing estates, was last reported at 136.11 points, up 0.18% week-on-week. This was the market situation in the week when the Federal Reserve announced a 0.5% interest rate cut on September 19 and Hong Kong banks lowered the prime rate by 0.25%. Yang Mingyi, senior co-director of Centaline Property Research Department, pointed out that after the interest rate cut, CCL stabilized in a single week, but the index was still the second lowest in more than 8 years (424 weeks), and continued to hover at the level of the end of August 2016. The central government's rescue of the market has caused a sharp rise in Hong Kong stocks, ideal sales of new properties, improved atmosphere in the property market, and gradually recovered second-hand transactions. CCL is expected to stabilize. It is believed that in the short term, property prices will be in a narrow range of 135 to 137 points. This year, CCL has fallen by 7.54%. (Reprinted from: Jinshi Data)