Group 1: Market Overview - In June, real estate companies are focusing on performance improvement as they approach mid-year targets, with marketing activities concentrated around key dates like "6·18" and "6·30" [1] - The overall performance of the real estate market in May showed significant differentiation, with some companies planning to increase their marketing efforts in June to boost sales [1] Group 2: Shenzhen Market - In Shenzhen, the new housing market saw a decline in May, with a 14.4% decrease in transactions, but an increase in new launches is expected in June, with 10 new residential projects anticipated [2][3] - Notable projects include those developed by China Overseas Land & Investment and China Merchants Shekou, with sales performance showing promising results for newly launched properties [3] Group 3: Guangzhou Market - Guangzhou's real estate market experienced a 41% month-on-month increase in new home transactions in May, attributed to the launch of improvement-type properties in central areas [5][6] - Eight new projects are set to launch in June, with a focus on high-efficiency housing products that meet the new regulations [5] Group 4: Hangzhou Market - In Hangzhou, the new housing market faced a decline in transactions in May, but June is expected to see a surge in new launches, with 29 projects planned [7][8] - Key projects include those by China Merchants Shekou and other local developers, with a focus on larger unit sizes [7] Group 5: Nanjing Market - Nanjing's real estate market saw a decline in both transaction volume and prices in May, but June is expected to bring 14 new launches, with a focus on high-end projects [9][10] - Companies are employing discount strategies to boost sales, with some projects seeing significant price reductions to increase transaction volumes [9][10]

Core Viewpoint - The article discusses the significant personnel changes within state-owned enterprises (SOEs) in Guangzhou, highlighting the shift towards a more proactive economic role and the emphasis on collaboration and innovation in the face of economic challenges [1][2]. Group 1: Personnel Changes - In 2024, 13 out of 26 SOEs directly supervised by the Guangzhou State-owned Assets Supervision and Administration Commission (SASAC) have experienced changes in leadership, marking a notable increase compared to previous years [1][3]. - New leaders appointed in 2024 include individuals with extensive experience in relevant sectors, such as Chen Qiang, who has nearly 20 years of experience in urban construction and project development [4][5]. - Many new leaders have a background in both government and enterprise roles, which is seen as beneficial for navigating the complexities of SOE management [6]. Group 2: Economic Strategy and Initiatives - The Guangzhou government has called for SOEs to take a leading role in economic recovery, emphasizing the need for stronger accountability and action [1][2]. - New strategies focus on cross-industry collaboration, investment empowerment, and structural optimization to enhance economic performance [9]. - For instance, Guangzhou Light Industry Group plans to strengthen its textile and apparel business by acquiring stakes in well-known brands, aiming for significant growth by 2025 [9][10]. Group 3: Specific Initiatives by New Leaders - Li Ming, the new chairman of Guangzhou Water Investment Group, emphasizes expanding effective investment and enhancing operational efficiency through a comprehensive understanding of the water sector [10][11]. - Chen Qiang of Yuexiu Group aims to navigate challenges while maintaining the company's status as one of the largest SOEs in Guangzhou, with total assets exceeding 1 trillion yuan [11][12]. - Collaborative efforts are being initiated among various SOEs, such as the strategic partnership between Guangzhou Pharmaceutical Group and Guangzhou Public Transport Group, focusing on logistics and cultural integration [12].

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，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 越秀地產股份有限公司 余達峯 公司秘書 香港，二○二五年六月十六日 於本公告刊發日期，董事會成員包括： 執行董事： 林昭遠（董事長）、朱輝松、江國雄、賀玉平、陳靜及劉艷 非執行董事： 張貽兵及蘇俊杰 獨立非執行董事： 余立發、李家麟、劉漢銓及張建生 债券代码：185916 债券简称：22 穗建 05 广州市城市建设开发有限公司 关于"22穗建05"公司债券赎回结果及2025年提前摘 牌公告 本公司全体董事或具有同等职责的人员保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担相应 的法律责任。 重要内容提示： 广州市城市建设开发有限公司 2022 年面向专业投资者公开发行公司债券(第 三期)(品种一)（ ...

Group 1 - The company, Yuexiu Property (00123.HK), announced a financing agreement with a bank for a sustainable development-linked term loan of HKD 1.56 billion (or equivalent in RMB) [1] - The loan has a term of 3 years starting from the date of the first drawdown, contingent upon meeting the relevant terms of the financing agreement [1]

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，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 公司秘書 香港，二○二五年六月十二日 本公告乃由越秀地產股份有限公司（「本公司」）董事會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條之披露規定而作出。 於二○二五年六月十二日，本公司（作為借款人）與一家銀行（「貸款人」）訂立一份融資協議 （「融資協議」），據此，貸款人提供1,560,000,000港元（或等值之人民幣）之可持續發展掛鈎定 期貸款。在滿足融資協議訂立的相關條款前提下，貸款期為由首次提款日期起計3年。 融資協議規定，倘本公司之控股股東越秀企業（集團）有限公司（「越秀企業」）於本公司已發行 之具投票權股份中持有少於30%之直接或間接權益，或倘越秀企業不再是本公司單一最大實 益股東的地位，或倘越秀企業不再對本公司行使有效之管理控制權，即構成違約事件。若發生 有關違約事件，則貸款人可宣佈融資協議項下所有債項將立即到期 ...

| 日前，"2025上半年中国房企产品测评"全国入围项目正式进入项目展示阶段。 | | | | | | --- | --- | --- | --- | --- | | 2025上半年中国房企产品测评 | 工作启动于4月中下旬，收到 | 初选的入围项目已于6月3日揭晓。 | 企业及业内专家推选的优秀项目踊跃参评， | | | 详情请戳👇 | | | | | | 《2025上半年中国房企产品测评入围榜》 | | | | | | 2025上半年 | "全国十大高端/轻奢/品质作品""全国好房子综合奖"等 | 本次所有入围项目仍将采用专家评审和网络票选结合的评选方式，最终评出 | ，目前相关测评工作正在有序 | 进行中。 | | 点击图片查看入围项目详情 | | | | | | 高端入围项目 | | | | | | 武汉新希望·D10黑珍珠 | | | | | | 【顶奢上的极奢之作】 | · 一线临江传奇大宅 | 二七滨江 | 加冕长江 | | 开发企业：新希望地产 产品类型：高层住宅 建筑风格：现代 轻奢入围项目 重庆长嘉外滩｜国瑞·长江赋 重庆两江四岸核心区，滨江创新四代宅 开发企业:国瑞阳光地产集团 产品类型 ...

Group 1: Core Views - The real estate market is showing signs of stabilization, with policies aimed at maintaining a steady market expected to continue throughout the year [2][9] - The central government has set a tone for real estate policies to stabilize the market through urban renewal and the release of rigid and improvement demands [11][12] - The demand side is seeing policy adjustments to stimulate housing demand, including optimizing housing fund loan policies and increasing purchase subsidies [15][16] Group 2: Property Sector Insights - The property service sector is stabilizing, with a slowdown in management scale growth and stable property fee changes [3][6] - The financial performance of property services shows a prominent increase in revenue without a corresponding increase in profit, indicating a trend towards reliance on the parent company [3][6] Group 3: REITs and Investment Opportunities - The REITs sector is expanding rapidly, with a stable performance in consumer and affordable housing categories [4][6] - The issuance of special bonds for land acquisition is accelerating, with significant planned investments in idle land across various provinces [18][19] - The city village renovation policies are being implemented successfully, with several cities exploring or launching housing voucher policies for urban renewal [21][22] Group 4: Supply Side Developments - The standards for "good housing" are becoming clearer, with over 30 provinces and cities introducing new construction standards aimed at improving housing quality [23][24] - The Ministry of Housing and Urban-Rural Development has released guidelines focusing on the construction of high-quality residential projects [23][24] Group 5: Sales Trends - New home sales are expected to see a narrowing year-on-year decline, while the enthusiasm for second-hand homes is likely to persist [27][28] - The sales performance of top developers shows a concentration of sales among leading companies, with a slight year-on-year decrease in core city sales [32][34] - The market is experiencing significant polarization, with varying de-stocking effects across major cities [37][41] Group 6: Land Market Dynamics - The concentration of land sales in core cities is increasing, indicating a sustained interest from developers in acquiring land [45][46] - The land transaction volumes and prices in major cities like Beijing, Shanghai, and Guangzhou reflect a competitive land market [49][52]

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，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 余達峯 公司秘書 香港，二○二五年六月九日 於本公告刊發日期，董事會成員包括： 執行董事： 林昭遠（董事長）、朱輝松、江國雄、賀玉平、陳靜及劉艷 非執行董事： 張貽兵及蘇俊杰 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 越秀地產股份有限公司 獨立非執行董事： 余立發、李家麟、劉漢銓及張建生 债券代码：185965 债券简称：22 穗建 07 广州市城市建设开发有限公司 关于行使"22穗建07"公司债券发行人赎回选择权暨 放弃行使"22穗建07"公司债券发行人调整票面利率 选择权的公告 本公司全体董事或具有同等职责的人员保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担相应 的法律责任。 广州市城市建设开发有限公司（以下简称"公司"）于 2022 ...

5月，河南房地产市场整体表现较为平淡，部分城市核心区域高得房率的优质新项目开盘基本可以实现较好去化，但存量老项目及较低能级城市项目仍面 临销售压力。在此背景下，河南房企在2025年1-5月的销售业绩究竟如何？一起看一下数据表现： 2025年5月全省土地市场解读 2025年1-5月，河南省共推出各类用地1014宗，规划建筑面积4840.9万平米；成交规划建筑面积2959.0万平米。其中，全省共推出住宅用地216宗，规划建 筑面积合计为1192.0万平米，成交规划建筑面积890.7万平米。 分城市来看，4月共14个城市有住宅用地成交，成交规模（按规划建筑面积计算）前三城市中，驻马店市共成交4宗住宅用地，规划建筑面积合计24.99万 平米，成交规模位居全省第一；其次是新乡市，成交7宗住宅用地，规划建筑面积合计24.70万平米；郑州市位列第三，成交2宗住宅用地，规划建筑面积 合计23.21万平米。成交楼面均价方面，洛阳市以5389元/㎡的价格位居全省首位；郑州市以3323元/㎡位居第二；新乡市以2319元/㎡位居第三。 | 12 | 常绿集团 | 7.83 Je 12 | | 中建七局地产集团 | 6.96 | | ...

Major Events - JiuTai Rural Commercial Bank (06122) plans to sell 78.51% stake in HuanShan HuiMin Village Bank for 40.4 million yuan [1] - Vanke Enterprises (02202) intends to receive a loan of up to 3 billion yuan from its major shareholder, Shenzhen Metro Group [1] - China Gas Holdings (08246) signed a memorandum of understanding with the Lao Ministry of Industry and Commerce to explore cooperation in developing fuel and natural gas supply networks in Laos [1] - Miniso Group (09896) is conducting a preliminary assessment on the potential spin-off listing of its trendy toy business operated under the "TOP TOY" brand [1] - Baiyunshan Pharmaceutical (00874) subsidiary received approval from the National Medical Products Administration for the drug registration certificate of Tadalafil tablets (2.5mg, 5mg) [1] - Huaxing Capital Holdings (01911) portfolio company Circle successfully listed on the New York Stock Exchange, marking the first IPO milestone in the global stablecoin sector [1] - China National Nuclear Corporation (01763) plans to initiate its first irradiation station cooperation project in Peru [1] Operating Performance - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 50.7 billion yuan in the first five months, an increase of about 26.5% year-on-year [1] - China Overseas Land & Investment (00688) recorded a cumulative property sales amount of approximately 90.4 billion yuan in the first five months, a decrease of 11.1% year-on-year [1] - Shimao Group (00813) reported a cumulative contract sales total of 11.2 billion yuan in the first five months, a decrease of 18.71% year-on-year [1] - Zhongliang Holdings (02772) achieved a cumulative contract sales amount of approximately 5.37 billion yuan in the first five months, a decrease of 33.38% year-on-year [1] - GAC Group (02238) experienced a year-on-year decline in May's automobile production by 8.16% and a sales drop of 24.80% [1] - Poly Property Group (00119) achieved a contract sales amount of approximately 21.8 billion yuan in the first five months, an increase of 3.81% year-on-year [1] - New天绿色能源 (00956) completed a power generation volume of approximately 7.29 million megawatt-hours in the first five months, an increase of 10.86% year-on-year [1]