Hong Kong-listed mainland property stocks showed weakness. At the time of writing, Radiance Hldgs (09993) fell 13.12% to HK$2.45. Ronshinechina (03301) declined 4.55% to HK$0.105. Seazen (01030) dropped 2.45% to HK$1.99.

The movement follows a report from Dongfang Jincheng, which noted a sharp acceleration in the downturn for real estate investment in April. The completed amount of real estate development investment saw a year-on-year decline widening to 20.1%. Funding sources for real estate development in the same period fell significantly by 21.9% year-on-year. While the year-on-year declines for domestic loans, down payments and advance receipts, and individual mortgage loans continued to narrow, the drop in self-raised funds expanded notably. Three key commencement indicators maintained double-digit year-on-year declines. Land market activity remained subdued, with second-tier cities still accounting for the majority of transactions for the month. The analysis suggests that a sustained, trend-driven recovery in the property market still depends on continued policy support and the restoration of market confidence.