Housing stocks in Hong Kong continue to rise at the start of the day. Zhengrong Real Estate is up more than 6%.

According to press release, 06158.HK (Zhengrong Real Estate) rose 6.25%, 03377.HK (COSCO) 1.89%, 01030.HK (Metro) 1.76% and 01966.HK (Zhongjun Group) 1.75%. Industry insiders pointed out that in June, the central and local governments are expected to accelerate the introduction of policies to stabilize the property market and further explore rich policy toolkits to support the release of residents' reasonable housing demand and restore market confidence and expectations.