股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年11月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 中國海外宏洋集團有限公司 | | | 呈交日期: | 2025年12月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00081 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 3,559,374,732 | | 0 | | 3,559,374,732 | | 增加 / 減少 (-) | | | | | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （在香港註冊成立之有限公司） （股份代號：81） 與中海物業集團有限公司 重續有關出售停車位的 持續關連交易 重續持續關連交易 茲提述本公司日期為二零二二年九月五日的公告，內容關於（其中包括）本公司與中 海物業訂立的現有框架協議，據此，本集團可不時向中海物業集團出售停車位使用權 （包括佔用、轉讓或出租的權利，直至停車位所在的相關項目土地使用權屆滿為止） 作為其庫存（即該等交易），該等停車位為本集團所興建、發展或擁有的發展項目或 物業並由中海物業集團（作為物業管理人）管理的停車位，為期三年，自二零二三年 一月一日起至二零二五年十二月三十一日止（包括首尾兩日）。 現有框架協議將於二零二五年十二月三十一日屆滿，而本集團預期將繼續與中海物業 集團訂立該等交易。因此，於二零二五年十一月二十八日，本公司與中海物業訂立重 續框架協議，為期三年，自二零二六年一月一日起至二零二八年十二月三十一日止 （包括首尾兩日）。 上 ...

Core Viewpoint - The Hong Kong real estate sector is experiencing a decline, with several major companies reporting significant stock price drops [2] Group 1: Company Performance - Vanke Enterprises has seen a decline of over 5% in its stock price [2] - Shimao Group's stock has dropped by more than 3% [2] - CIFI Holdings, Longfor Group, and China Overseas Grand Oceans Group have all experienced declines exceeding 2% [2]

Group 1 - The core viewpoint of the news highlights a collective rise in Hong Kong property stocks, driven by positive government policies and market sentiment [1] - Guangzhou is actively promoting the acquisition of existing residential properties for use as affordable housing, while multiple regions continue to implement relaxation policies [1] - The Ministry of Housing and Urban-Rural Development held a national urban renewal work promotion meeting, emphasizing the need for tailored, innovative approaches in planning, funding, operations, and governance [1] Group 2 - A research report from Shenwan Hongyuan expresses optimism about the new "good housing" sector and the revaluation of shopping center values, maintaining a "positive" rating [1] - The report suggests that while the real estate sector in China will continue to stabilize, core cities are expected to see a turnaround sooner [1] - Two major opportunities are identified: the elevation of "good housing" policies, which could shift real estate companies from finance to manufacturing, and the strong performance of quality commercial enterprises during a monetary easing cycle, leading to potential revaluation of consumer-oriented commercial real estate assets [1]

Core Viewpoint - The Hong Kong real estate sector experienced a rebound on November 20, with several major companies seeing significant stock price increases, driven by expectations of supportive government policies aimed at stabilizing the real estate market [2][4]. Group 1: Market Performance - Major real estate stocks such as Sunac China (01918.HK) rose by 6.02%, Vanke (02202.HK) by 3.69%, and Country Garden (02007.HK) by 3.09% [2][3]. - Other companies like China Overseas Grand Oceans Group (00081.HK) and Yuexiu Property (00123.HK) also joined the upward trend, indicating a broader market recovery [2]. Group 2: Policy Catalysts - The recent rally in the real estate market is attributed to rising expectations of new supportive policies from the Chinese government to counteract the sluggish market and prevent further financial instability [4][5]. - The Ministry of Housing and Urban-Rural Development is reportedly considering measures such as interest subsidies for new personal housing loans and increasing tax deductions for mortgage borrowers [5]. Group 3: Market Data and Trends - Current real estate data shows a continued decline, with a reported 18.8% year-on-year drop in national commercial housing sales area for October 2025, and a 24.3% decrease in sales value [6]. - The market is under pressure, with expectations for policy support growing as the sales figures continue to decline [6][7]. Group 4: Future Outlook - Analysts suggest that the combination of policy expectations, consumer recovery, and improvements in the Hong Kong market will catalyze the real estate sector's performance leading up to the end of the year [9]. - The upcoming "Hong Kong 100 Strong" list is anticipated to feature major real estate companies, reflecting their importance in the market [10].

Group 1 - Hong Kong real estate stocks experienced a general rise, with Longfor Group up 3.33%, China Resources Land up 3%, and Agile Group up 3.4% [1] - Other notable increases include R&F Properties, Jin Hui Holdings, Ronshine China, and Jianfa International Group, each rising approximately 2%, while Midea Real Estate, Longguang Group, New City Development, and China Overseas Macro Holdings rose over 1% [1] Group 2 - The China Index Academy recently released the October financing report, indicating that the total bond financing in the real estate sector for October 2025 reached 51.24 billion yuan, a year-on-year increase of 76.9% [1] - The issuance of credit bonds in October also saw a year-on-year increase, primarily from state-owned enterprises, with real estate credit bond financing amounting to 32.7 billion yuan, up 50.7% year-on-year, accounting for 63.8% of the total [1] Group 3 - CITIC Securities suggests that 2026 may be a critical year for real estate companies to enter a balance sheet repair phase, with some firms potentially reaching the bottom of a long-term profit cycle [1] - Companies that manage to recover first are likely those with well-positioned assets in good cities, operational investment properties, or financial assets with appreciation potential [1]

Group 1 - Fidelity Funds increased its stake in China Overseas Macro Holdings (00081.HK) by purchasing 1.698 million shares at an average price of HKD 2.2081 per share, totaling approximately HKD 3.7494 million [1] - Following the purchase, Fidelity Funds' total shareholding rose to 214,984,469 shares, increasing its ownership percentage from 5.99% to 6.04% [1]

Core Insights - The real estate sector is experiencing significant pressure with high base growth rates leading to a decline in market performance [1] - The report maintains a "Buy" rating for the industry, indicating potential investment opportunities despite current challenges [2] Market Performance - In October 2025, the transaction volume of commodity residential properties in 46 cities decreased by 33.3% year-on-year, with a notable decline in first-tier cities at 39.1% [11][12] - The cumulative transaction volume from January to October 2025 shows a 10.9% year-on-year decrease [11] - The second-hand housing market also faced challenges, with transaction volumes in 11 cities down by 21.3% year-on-year [35] Market Sentiment - The second-hand housing prices fell by 1.7% month-on-month in October 2025, marking a total decline of 13.0% since the beginning of the year [5][35] - Inventory levels in the new housing market showed a slight decrease, with a 2.1% reduction in short-term inventory in 10 key cities [5] Policy Environment - The "14th Five-Year Plan" emphasizes promoting high-quality development in real estate, shifting from suppression to encouragement of reasonable demand [5][29] - The government is gradually lifting restrictive measures, which may positively impact market sentiment in the long term [5] Land Market Dynamics - In October 2025, the land transfer revenue in 600 cities dropped by 27.8% year-on-year, indicating a cooling land market [5] - The average land premium rate fell to 3.3%, the lowest since 2025, reflecting cautious bidding behavior among developers [5] Company Performance - The top 100 real estate companies reported a sales amount of 276.6 billion yuan in October 2025, a 41% year-on-year decline [29] - State-owned enterprises showed a year-on-year sales decline of 37%, while private enterprises faced a more severe drop of 52% [30] Investment Outlook - The SW Real Estate Index fell by 2.37% in October 2025, underperforming the broader market by 2.4 percentage points [5] - The report suggests holding quality real estate development companies, as the market is expected to stabilize and recover gradually [5]

Core Viewpoint - Fidelity Funds increased its stake in China Overseas Macro Holdings (00081) by acquiring 1.698 million shares at a price of HKD 2.2081 per share, totaling approximately HKD 3.7494 million, resulting in a new holding of about 215 million shares, representing a 6.04% ownership [1] Summary by Category - **Investment Activity** - Fidelity Funds purchased 1.698 million shares of China Overseas Macro Holdings at HKD 2.2081 per share [1] - The total investment amounted to approximately HKD 3.7494 million [1] - **Ownership Structure** - Following the acquisition, Fidelity Funds' total shareholding in the company reached approximately 215 million shares [1] - The new ownership percentage stands at 6.04% [1]

Group 1 - Fidelity Funds increased its stake in China Overseas Macro Holdings (00081) by 1.698 million shares at a price of HKD 2.2081 per share, totaling approximately HKD 3.7494 million [1] - After the increase, Fidelity Funds' total shareholding is approximately 215 million shares, representing a holding percentage of 6.04% [1]