Core Viewpoint - Poly Real Estate Group (00119) has announced a financing agreement for a total of 3.65 billion RMB with several banks, indicating a strategic move to secure funding for future projects [1] Group 1: Financing Details - The financing agreement is a term loan with a maturity date set for 36 months from the date of the first drawdown [1] - The agreement involves China Construction Bank Shanghai Pudong Branch and China Construction Bank Macau Branch as the lead arrangers and bookrunners [1] - China Construction Bank (Asia) serves as the sustainable development-linked loan advisor, coordinator, and agent [1] Group 2: Implications - This financing could enhance the company's liquidity and support its growth initiatives in the real estate sector [1] - The involvement of multiple financial institutions suggests a strong confidence in the company's creditworthiness and future prospects [1]

格隆汇8月12日丨保利置业集团(00119.HK)发布公告，2025年8月12日，公司(作为借款人)与(1)中国建设 银行上海浦东分行及中国建设银行澳门分行(作为委任牵头安排行及簿记行)；(2)中国建设银行(亚洲)股 份有限公司(作为可持续发展挂鈎贷款顾问、协调行及代理行)；及(3)若干银行及金融机构(作为贷款 人)，签订一项36.5亿人民币的定期贷款融资协议。该融资的最后到期日为自首次提款日起计36个月。 ...

智通财经APP讯，保利置业集团(00119)发布公告，于2025年8月12日，公司(作为借款人)与中国建设银 行股份有限公司上海浦东分行及中国建设银行股份有限公司澳门分行(作为委任牵头安排行及簿记行);中 国建设银行(亚洲)股份有限公司(作为可持续发展挂鈎贷款顾问、协调行及代理行);及若干银行及金融机 构(作为贷款人)，签订一项36.5亿人民币的定期贷款融资协议。该融资的最后到期日为自首次提款日起 计36个月。 ...

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的內容概不負責，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依 賴該等內容而引致的任何損失承擔任何責任。 Poly Property Group Co., Limited 保 利 置 業 集 團 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：00119） 根據上市規則第13.18條作出之公告 本公告根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.18 條發出。 保利置業集團有限公司（「本公司」）董事會宣佈，於 2025 年 8 月 12 日， 本公司（作為借款人）與（1）中國建設銀行股份有限公司上海浦東分行及 中國建設銀行股份有限公司澳門分行（作為委任牽頭安排行及簿記行）； （2）中國建設銀行（亞洲）股份有限公司（作為可持續發展掛鈎貸款顧問、 協調行及代理行）；及（3）若干銀行及金融機構（作為貸款人），簽訂一 項 36.5 億人民幣的定期貸款融資（「該融資」）協議（「融資協議」）。 該融資的最後到期日為自首次提款日起計 36 個月。 根據融資協議，倘（其中包括）中國保利集團有限公 ...

Investment Rating - The report maintains a "Recommended" rating for the industry, suggesting a potential increase of over 15% relative to the benchmark index within the next 12 months [9]. Core Insights - In July 2025, the land supply in 23 key cities in China saw a significant decrease in planned construction area, with a month-on-month decline of 62.9%, totaling 343.9 million square meters [1]. - The total land transaction amount reached 888.88 billion yuan, reflecting a 41% decrease compared to the previous month [1]. - The land transaction premium rate in July 2025 rose to 12.41%, indicating a notable recovery since the beginning of the year [3]. - China Resources Land led the land acquisition with 15 plots, totaling 906.69 billion yuan [3]. Summary by Sections Land Supply and Transactions - In July 2025, 106 residential land plots were launched, with 113 plots successfully transacted, amounting to a total planned construction area of 653.68 million square meters [1]. - The land transaction premium rate has shown a significant increase, indicating a recovery in market confidence [3]. Company Land Acquisition - The report highlights the land acquisition activities of major companies, with China Resources Land acquiring the most plots, followed by Greentown China and China Merchants Shekou [4]. - The average land price per square meter for China Resources Land was 20,422 yuan, while Greentown China had an average of 25,031 yuan per square meter [4]. Investment Recommendations - The report suggests focusing on China Jinmao, which has shown significant land acquisition activity and improvements in corporate governance [4].

Core Viewpoint - The initiative to build "safe, comfortable, green, and smart 'good houses'" in the 2025 Government Work Report reflects a strategic response to public expectations and a top-level design for upgrading living standards in China, transitioning housing demand from mere availability to quality [1][16]. Group 1: Policy and Market Integration - Poly Real Estate Shandong Company has launched the "100 Billion Renewal Plan," aligning with the national "urban renewal" strategy and driving the improvement of living quality in Jinan through market forces [3][20]. - The launch of the "Poly 100 Billion Renewal and Future with Spring City" strategic action marks a new phase of "government-enterprise collaboration and market leadership" in upgrading living conditions in Jinan [4][20]. - The "Renewal Strategy" by Poly Real Estate is closely aligned with the government's "sell old and buy new" policy, which is expected to significantly promote urban development [6][20]. Group 2: Product and Service Innovation - The "Renewal Purchase" plan, developed in collaboration with Beike (Shandong) Internet Co., aims to create a full-chain ecosystem from old house disposal to new house selection and service assurance, enhancing market liquidity and meeting upgraded housing demands [8][18]. - Poly Real Estate's five product lines, including "Jia Di Series, Yu Series, Fu Series, Yin Series, and One Number Series," are designed to provide tailored housing solutions for families at different life stages, redefining quality living standards in Jinan [9][11]. Group 3: Community and Environmental Impact - The "good house" concept is not only about physical structures but also embodies green development, smart city integration, and cultural confidence, contributing to a sustainable urban living environment [15][20]. - The "100 Billion Renewal" initiative is seen as a micro-level implementation of the national "good house" construction strategy, promoting high-quality development in Jinan [15][22]. Group 4: Economic and Social Benefits - The "Renewal Purchase" activity offers citizens a dual subsidy of 0.8% from the government and 3% from Poly, ensuring that policy benefits reach the grassroots level [18]. - The initiative addresses the "time gap" challenge in the "sell old and buy new" process, providing a "60-day worry-free home purchase" plan to facilitate smooth transitions for buyers [18][20].

【1】温州优化调整住房公积金政策 8月6日，据温州发布官微消息，温州市对住房公积金多项业务政策进行了优化调整。公告显示，为支持 刚性和改善型住房需求，对住房公积金贷款政策进行了全面优化升级，职工夫妻双人缴存住房公积金的 家庭，最高贷款额度从100万元大幅提升至130万元；单人缴存家庭的最高贷款额度也由65万元提高到80 万元，大大增强了缴存职工的购房支付能力。 【2】中国海外发展7月销售额118.5亿元 【5】雅居乐7月预售金额合计5.2亿元 8月6日，雅居乐披露7月未经审核的经营简报。简报显示，7月雅居乐及其附属公司连同集团合营公司及 联营公司以及由集团管理并以"雅居乐"品牌销售的房地产项目预售金额合计约为5.2亿元，对应建筑面 积为5.9万平方米，平均价格约为8810元/平方米。 北京商报记者 王寅浩 李晗 【3】越秀地产7月销售额60.06亿元 8月6日，越秀地产披露7月未经审计的销售简报。简报显示，7月越秀地产实现合同销售(连同合营及联 营公司项目的合同销售)金额约为60.06亿元，同比上升约19.5%，实现合同销售面积约为17.42万平方 米，同比下降约18.9%。 【4】保利置业7月合同销售金额2 ...

Performance Highlights - BeiGene (06160.HK) reported a revenue of 17.518 billion yuan for the first half of the year, a year-on-year increase of 46%; product revenue was 17.36 billion yuan, up 45.8%; net profit was 450 million yuan, turning from loss to profit [2] - Uni-President China (00220.HK) achieved approximately 17.087 billion yuan in revenue for the first half, a year-on-year increase of 10.6%; net profit was about 1.287 billion yuan, up 33.2% [2] - Zhiyu City Technology (09911.HK) announced a positive profit forecast, expecting mid-term revenue of approximately 3.135 to 3.215 billion yuan, a year-on-year increase of about 38.0% to 41.5%; net profit is expected to be around 470 to 510 million yuan, a year-on-year growth of approximately 108.9% to 126.7% [2] Earnings Forecasts - New World Development Company (00086.HK) expects mid-term net profit to increase to no less than 800 million HKD year-on-year [3] - Weizhi Jinkou (02003.HK) anticipates mid-term net profit exceeding 200 million HKD, a significant increase year-on-year [3] - Wing Chan Industrial (01596.HK) forecasts mid-term net profit of approximately 48.7 million HKD, turning from loss to profit [3] - Huaxian Optoelectronics (00334.HK) expects mid-term net profit to exceed 48.8 million HKD, a year-on-year increase of over 600% [3] - Maifushi (02556.HK) predicts mid-term net profit of approximately 31.8 to 41 million HKD, turning from loss to profit [4] - Xinwei Medical-B (06609.HK) expects mid-term net profit to exceed 40 million HKD, turning from loss to profit [5] - China Nuclear Technology (00611.HK) anticipates mid-term net profit growth of over 15% [6] Earnings Warnings - Hongxing Printing Group (00450.HK) expects mid-term net loss of approximately 49 million HKD, a significant increase year-on-year [7] - Zhongyu Land (01224.HK) forecasts mid-term net loss of approximately 40 million HKD, turning from profit to loss [7] - Beihai Group (00701.HK) anticipates mid-term net loss of 36 to 40 million HKD [8] Real Estate Sales Data - China Overseas Development (00688.HK) reported cumulative contract property sales of approximately 132 billion yuan for the first seven months, a year-on-year decrease of 18.3% [9] - Yuexiu Property (00123.HK) achieved cumulative contract sales of approximately 67.506 billion yuan for the first seven months, a year-on-year increase of about 11.7% [9] - Poly Property Group (00119.HK) reported contract sales of approximately 29.5 billion yuan for the first seven months, a year-on-year decrease of 13.49% [10] - China Overseas Hongyang Group (00081.HK) reported cumulative contract sales of 18.649 billion yuan for the first seven months, a year-on-year decrease of 12.2% [10] - Jindi Commercial Real Estate (00535.HK) reported cumulative contract sales of approximately 6.98 billion yuan for the first seven months, a year-on-year decrease of 37.37% [10] - Agile Group (03383.HK) reported pre-sale amount of approximately 5.69 billion yuan for the first seven months [11] - Hongyang Real Estate (01996.HK) reported cumulative contract sales of 3.208 billion yuan for the first seven months, a year-on-year decrease of 41.6% [12] - Zhengrong Real Estate (06158.HK) reported cumulative contract sales of approximately 2.701 billion yuan for the first seven months, a year-on-year decrease of 30.6% [12] - Jingrui Holdings (01862.HK) reported cumulative contract sales of approximately 571 million yuan for the first seven months, a year-on-year decrease of 52.54% [13] Company News - CITIC Securities (06030.HK) reported that its subsidiary, Huaxia Fund, achieved revenue of 4.258 billion yuan and net profit of 1.123 billion yuan in the first half, with assets under management totaling 285.1237 billion yuan [14] - Xinyi International (00732.HK) reported a cumulative operating revenue of approximately 9.566 billion HKD for the first seven months, a year-on-year decrease of about 5.3% [15] - Heng Rui Pharmaceutical (01276.HK) received orphan drug designation from the US FDA for its injection of Rikan Trastuzumab combined with Adebali for gastric cancer or gastroesophageal junction adenocarcinoma indications [15] - Fuhong Hanlin (02696.HK) completed the first patient dosing in a Phase II clinical study of HLX79 injection combined with Hanlikang® for active renal glomerulonephritis in China [15] - China Biopharmaceutical (01177.HK) announced that its self-developed TQ05105 (JAK/ROCK inhibitor) has been included in the breakthrough therapy designation program for the treatment of chronic graft-versus-host disease [15] Buyback Activities - HSBC Holdings (00005.HK) repurchased approximately 1.65 billion HKD worth of about 1.714 million shares at a price of 95.8 to 96.75 HKD [16] - Hang Seng Bank (00011.HK) spent approximately 22.6347 million HKD to repurchase 200,000 shares at a price of 112.8 to 113.6 HKD [17] - Yum China (09987.HK) repurchased approximately 6.264 million HKD worth of 16,800 shares at a price of 369.8 to 376 HKD [17]

北京商报讯（记者 王寅浩 李晗）8月6日，保利置业披露7月未经审核销售简报。简报显示，7月保利置 业实现合同销售金额约28亿元，合同销售面积约9.5万平方米，合同销售均价约2.93万元/平方米。 ...

截至2025年7月，置业集团累计实现合同销售金额约人民币295亿元。累计合同销售面积约105.6万平方 米，合同销售均价约人民币27,904元/平方米。 公告显示，2025年7月，置业集团实现合同销售金额约人民币28亿元，合同销售面积约9.5万平方米，合 同销售均价约人民币29,306元/平方米。 保利置业发布2025年7月未经审核销售数据。 8月6日，保利置业发布2025年7月未经审核销售数据。 ...