Group 1 - The Ministry of Commerce of China is pushing to resume negotiations on the China-Japan-Korea Free Trade Agreement, emphasizing the importance of maintaining stable industrial and supply chains between China and Korea [2] - The Minister of Commerce urged Japan to remove Chinese entities from the export control end-user list, highlighting the need for cooperation to stabilize supply chains amid rising unilateralism and protectionism [2] Group 2 - The Shanghai Futures Exchange announced updates regarding the gold futures entry and exit processes, stating that existing rules inconsistent with the new notification will no longer be enforced [3] Group 3 - Hainan Province has announced adjustments to its automobile scrapping and renewal subsidy policy, specifying requirements for the registration locations of old and new vehicles starting from November 4, 2025 [4] Group 4 - Jiangsu Province reported that all residents were evacuated from a building in Danyang due to uneven settlement causing structural cracks, with no casualties reported [5] Group 5 - The former Party Secretary and Chairman of Guangxi Financial Investment Group, Meng Kunwei, is under investigation for serious violations of discipline and law [6] Group 6 - Malaysia's richest man's son purchased a luxury apartment in Shanghai for approximately 117 million yuan, indicating confidence in the Chinese real estate market [9] Group 7 - A Southern Airlines employee passed away during a physical fitness test, prompting the company to form a special task force to assist the family [11] Group 8 - WuXi AppTec's CAR-T cell therapy is expected to enter the commercial insurance directory, potentially reducing the financial burden on patients [13] Group 9 - The 15th National Games featured a humanoid robot named "Kua Fu" as a torchbearer, showcasing advancements in robotics technology [14] Group 10 - Suir Technology has initiated its listing guidance with CITIC Securities as the advisory institution, indicating a clear structure of actual controllers [17] Group 11 - Yang Guofu's high price for mung bean sprouts has sparked public debate, highlighting consumer sensitivity to pricing and potential impacts on brand perception [18] Group 12 - Tesla is facing controversy over a $1 trillion compensation plan for CEO Elon Musk, with institutional investors' advisory firms opposing the proposal, leading to public disputes [19] Group 13 - Various automotive companies reported significant year-on-year sales growth in October, with BYD achieving cumulative sales of 3.70 million new energy vehicles [21]

Group 1 - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury property in Huangpu District for over 100 million yuan by a Hong Kong real estate company owner [1] - Kerry Properties announced the acquisition of a 449 square meter luxury apartment in Shanghai's Huangpu District for approximately 117 million yuan, with an expected profit of about 23 million yuan after deducting costs [1][5] - The total land acquisition cost for Kerry Properties in Huangpu District has reached 22.1 billion yuan, with a total development area of 655,000 square meters [1][5] Group 2 - The Jinling Huating project, developed by Kerry Properties, has set a record for new home registration prices in Shanghai, with the first phase selling out within three hours and generating a total sales amount of 9.234 billion yuan [5][6] - The second phase of the Jinling Huating project also sold out, with an average price of 205,000 yuan per square meter, and a top-floor duplex unit priced at over 28.2 million yuan, setting a new record for Shanghai [5][6] - As of November 1, 2023, 276 out of 278 residential units in Jinling Huating have been sold, indicating strong demand in the luxury market [12] Group 3 - The luxury real estate market in Shanghai is experiencing a surge due to a combination of factors, including limited supply in prime locations and a large base of high-net-worth individuals seeking quality residential assets [13] - In September 2023, 14 new luxury residential projects were launched in Shanghai, with a total of 1,619 units available, achieving an overall absorption rate of 72% [13] - The market is expected to see further differentiation, with some projects experiencing high sales rates while others perform poorly [13]

Core Insights - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury property by a Hong Kong real estate company for over 100 million yuan [1] - Kerry Properties announced the acquisition of a 449 square meter luxury apartment in Huangpu District, Shanghai, for approximately 117 million yuan, expecting a profit of about 23 million yuan from the transaction [1][4] - The luxury project, Jinling Huating, has seen significant sales success, with all units sold out during its two launches, indicating strong demand in Shanghai's high-end real estate market [5][6] Company Overview - Kerry Properties, led by Chairman and CEO Kwok Koon Wah, has invested heavily in the Huangpu District, with total land acquisition costs reaching 22.1 billion yuan for a total development area of 655,000 square meters [1][4] - The company has successfully bid for land use rights in Huangpu District, marking its strategic entry into the luxury real estate market in Shanghai [9][11] Market Dynamics - The luxury real estate market in Shanghai is characterized by high demand from wealthy individuals, driven by limited supply in prime locations [12] - The Jinling Huating project has set new records for new home registration prices in Shanghai, with average prices reaching 20.5 million yuan per square meter during its second phase launch [5][12] - The overall luxury market in Shanghai is experiencing a surge in new supply, with 14 new luxury projects launched in September alone, indicating a potential shift in market dynamics [13]

Core Insights - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury property by a Hong Kong real estate company executive for over 100 million yuan [2] - Kerry Properties announced the acquisition of a 449 square meter luxury apartment in Huangpu District for approximately 117 million yuan, expecting a profit of about 23 million yuan from the transaction [2][6] - The luxury project, Jinling Huating, has seen significant sales success, with all units sold during its two launches, indicating strong demand in Shanghai's high-end real estate market [6][7] Company Overview - Kerry Properties, listed on the Hong Kong Stock Exchange, has a market capitalization of approximately 28.39 billion HKD and is actively developing the Jinling Road project in Shanghai [2] - The company has invested a total of 22.1 billion yuan in land acquisition for the Jinling Road project, which has a total development area of 655,000 square meters [6][9] - The chairman of Kerry Properties, Guo Konghua, is the son of Malaysian tycoon Guo Huanian, indicating a strong familial connection to wealth and investment in the luxury market [9][12] Market Dynamics - The luxury real estate market in Shanghai is characterized by limited supply and high demand, particularly in prime locations, leading to significant price appreciation [13] - The Jinling Huating project has set new records for sales prices in Shanghai, with units selling for as high as 32.68 million yuan per square meter [7][13] - The overall luxury market in Shanghai is experiencing a supply increase due to urban renewal efforts, with 14 new luxury projects launched in September alone, indicating a potential shift in market dynamics [13]

Core Viewpoint - Kerry Properties (00683) announced the sale of a property located in Shanghai for a total consideration of RMB 117 million, indicating ongoing activity in the real estate market despite broader economic conditions [1] Group 1: Transaction Details - The seller is Shanghai Zhuomiao Real Estate Co., Ltd., a wholly-owned subsidiary of the company [1] - The buyer is Mr. Guo Konghua, who is the chairman, CEO, and executive director of the company [1] - The property is a four-bedroom unit with a construction area of approximately 449 square meters [1] Group 2: Project Information - The property is part of the Jinling Huating project, which is currently under development [1] - The project is located at 99 Ninghai East Road, Huangpu District, Shanghai, with the pre-sale permit number being Huangpu Housing Management (2025) Pre-Word 0000267 [1]

Core Viewpoint - Kerry Properties (00683) announced the sale of a property for RMB 117 million, indicating ongoing activity in the real estate market in Shanghai [1] Group 1: Transaction Details - The seller is Shanghai Zhuomiao Real Estate Co., Ltd., a wholly-owned subsidiary of the company [1] - The buyer is Mr. Guo Konghua, the chairman, CEO, and executive director of the company [1] - The property is a four-bedroom unit with a construction area of approximately 449 square meters [1] Group 2: Project Information - The project is identified as Jinling Huating, with the pre-sale permit number Huangpu Housing Management (2025) Pre-Word 0000267 [1] - The property is located at 99 Ninghai East Road, Huangpu District, Shanghai, China [1]

格隆汇10月31日丨嘉里建设(00683.HK)公布，于2025年10月31日，卖方上海卓妙置业(为公司全资附属 公司)与买方郭孔华(公司主席、行政总裁及执行董事)订立协议，据此，卖方同意出售，而买方同意购买 位于该项目第二座的一个四房单位，建筑面积约为449平方米，代价为人民币1.17亿元。 出售该物业所得款项将用作集团的一般营运资金。该物业尚在建设中，随着项目进一步发展，将产生额 外成本、相关开支及税项。于完成交易后，预期集团将因该交易录得约人民币2300万元的收益。该项目 指金陵华庭(预售证号：黄浦房管(2025)预字0000267)，由卖方目前开发中的住宅项目，位于中国上海市 黄浦区宁海东路99号。 ...

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 於二零二五年十月三十一日，賣方（為本公司之全資附屬公司）與買方訂立協 議，據此，賣方同意出售，而買方同意購買該物業，代價為人民幣116,838,258元 （約127,704,216港元）。 上市規則之涵義 買方為本公司主席、行政總裁及執行董事，故根據上市規則第十四A章，屬本公司 之關連人士。因此，根據上市規則，賣方向買方出售該物業對本公司而言構成一 項關連交易。 由於根據上市規則第14.07條計算的其中一項或多項適用百分比率超過0.1%但少於 5%，故該交易須遵守上市規則第十四A章項下之公告及申報規定，惟可獲豁免遵 守有關通函（包括獨立財務意見）及股東批准之規定。 * 僅供識別 - 1 - 緒言 於二零二五年十月三十一日，賣方（為本公司之全資附屬公司）與買方訂立協議，據 此，賣方同意出售，而買方同意購買該物業，代價為人民幣116,838,258元（含增值稅） （約127,704,216港元）。 關連交易 ...

Core Viewpoint - Daiwa Capital Markets maintains a "Market Perform" rating for the real estate sector in mainland China and Hong Kong, with selected stocks including China Resources Land (01109) and Sun Hung Kai Properties (00016), both rated "Buy" with target prices of HKD 34.1 and HKD 106.9 respectively [1] Group 1: Company Ratings and Target Prices - Kerry Properties' rating has been upgraded to "Buy" with a target price maintained at HKD 22.8, as the Jinling Huating project is expected to yield substantial profits upon completion of the residential portion in 2027, despite high construction costs [1] - The first batch of units for the second phase of Kerry Properties' Shanghai residential project, Jinling Huating, sold out on the first day of sales with a subscription rate of 190%, and an average price of RMB 20,500 per square meter, which is an increase of RMB 16,000 compared to the launch in March [1] Group 2: Market Demand and Trends - The buyer demographic primarily consists of self-occupiers aged 35 to 55 from high-income sectors, indicating a steady demand for residential properties in mainland China [1] - Despite the robust demand for residential properties, investment sentiment remains weak, as evidenced by a year-on-year decline in new and second-hand home transactions in major cities in October [1]

Core Viewpoint - The report from Daiwa Capital Markets indicates that the first batch of units for Kerry Properties' Jinling Huating Phase II in Shanghai sold out immediately upon launch, with a subscription rate of 190% and an average price of 205,000 yuan per square meter, reflecting a 16,000 yuan increase from the previous sale in March [1] Group 1: Company Analysis - Kerry Properties' rating has been upgraded to "Buy" with a target price maintained at HKD 22.8, as the Jinling Huating project is expected to yield substantial profits upon completion of the residential portion in 2027, enhancing the company's core net profit [1] - The recent decline in stock price is viewed as an attractive entry point for investors [1] Group 2: Industry Insights - The report suggests that while residential demand in mainland China is stabilizing, investment sentiment remains weak, as evidenced by a year-on-year decline in new and second-hand home transactions in October [1] - The company maintains a "Market Perform" rating for the mainland and Hong Kong real estate sectors, with selected stocks including China Resources Land and Sun Hung Kai Properties, both rated "Buy" with target prices of HKD 34.1 and HKD 106.9 respectively [1]