Source: China Security News

On the 5th, Evergrande (3333. HK), which is listed at Hong Kong Exchange Union, ends up with 4.7 HKD, increasing by 34.3% compared with the issue price of 3.5 HKD. The share price rises up to 4.8 HKD during the trade, which breaks away from the situation where the share prices of mainland property enterprises fall below the issue prices on the first day of listing. The trade volume that day is 4,951 million HKD, and the stock becomes the most active Hong Kong stock.
Calculated based on a total of 15 billion shares, the total market value of Evergrande when the market is closed is 70,500 million HKD. Xu Jiayin, president of board of directors of Evergrande, holds 68.01% of shares, and his property reaches 47,940 million HKD (about RMB 42,200 million yuan).
        On the 5th, Hang Seng Index drops 135.69 points, with the drop rate of 0.63%. Among them, the mainland property stock boards demonstrate both rises and falls. Besides Evergrande, South China International rises the highest and once rises by 14%. SRE Group and Shanghai Forte Land rises by more than 6% and 3% respectively, but R&F Properties and China Resources Land and other property enterprise stocks drop by more than 2%.