Group 1 - The Hong Kong real estate stocks have seen a significant decline, with China Jinmao dropping nearly 9% and China Overseas Grand Oceans Group falling 8% [1] - Other notable declines include Zhongliang Holdings down over 5%, Greentown China down 4.77%, and several other companies like Longfor Group and Yuyuan Property down over 3% [1] - Morgan Stanley suggests a selective investment strategy, highlighting a clear risk differentiation in the Chinese credit market, with the TMT sector showing good quality while the real estate sector remains under severe pressure [1] Group 2 - The real estate market is not expected to stabilize until 2025, with ongoing declines in sales and investment [1] - Vanke's attempt to extend domestic bond maturities has led to significant drops in both offshore and onshore bond prices, raising concerns about the financing environment for private developers [1] - The effects of policy easing have been limited, and there remains substantial inventory pressure in the market [1]

Core Viewpoint - The financial market is experiencing fluctuations with a slight tightening of liquidity, a rebound in the bond market, and a collective rise in convertible bond indices, while U.S. Treasury yields are generally on the rise. Group 1: Domestic News - Chinese Vice Premier He Lifeng held a video call with U.S. Treasury Secretary Janet Yellen and Trade Representative Katherine Tai to discuss the implementation of agreements from recent high-level meetings, emphasizing the importance of continued cooperation in economic and trade relations [2] - The China Securities Regulatory Commission (CSRC) Chairman Wu Qing highlighted the need to develop first-class investment banks and institutions to support high-quality capital market development, advocating for a shift from price competition to value competition and better service to the real economy [3] - The CSRC is soliciting public opinions on the draft of the "Regulations on the Supervision of Listed Companies," which aims to strengthen comprehensive regulation throughout the lifecycle of listed companies [4] Group 2: Monetary Policy and Market Operations - The People's Bank of China conducted a 139.8 billion yuan reverse repurchase operation at a fixed rate of 1.40%, resulting in a net withdrawal of 161.5 billion yuan due to maturing reverse repos [9] - The overall liquidity in the market remains loose, with the DR001 and DR007 rates slightly increasing to 1.300% and 1.438%, respectively [10] Group 3: Bond Market Dynamics - The bond market showed signs of recovery, with the yield on the 10-year government bond decreasing by 2.15 basis points to 1.8285% as market sentiment improved following rumors of policy easing [12] - The secondary market for credit bonds saw significant price deviations, with "22 Vanke 02" dropping over 11% and "21 Vanke 02" falling over 10% [14] - Several companies, including Zhengyuan Real Estate and Fusheng Group, received public reprimands from the Shanghai Stock Exchange for disclosure violations [15] Group 4: Convertible Bonds - The convertible bond market experienced a collective rise, with major indices increasing by approximately 0.94% to 0.98%, and a total trading volume of 601.53 billion yuan, reflecting a significant increase from the previous day [17] - Several convertible bonds are set to trigger price adjustment clauses, while others announced early redemption [19] Group 5: International Market Insights - U.S. Treasury yields rose across various maturities, with the 2-year yield increasing by 4 basis points to 3.56% and the 10-year yield rising by 3 basis points to 4.14% [20] - Major European economies also saw an increase in 10-year government bond yields, with Germany's yield rising by 3 basis points to 2.80% [22]

北京商报讯（记者 王寅浩 李晗）12月5日，世茂集团披露11月未经审核经营简报。简报显示，11月世茂 集团及其附属公司合约销售额约为15.13亿元；合约销售面积约为12.34万平方米，平均销售价格约为 1.23万元/平方米。 ...

本集团于2025年11月的合约销售额约为人民币15.13亿元，同比减少44.38%，合约销售面积为123,395平 方米。2025年11月平均销售价格为每平方米人民币12,260元。 世茂集团(00813)发布公告，截至2025年11月30日止11个月，本集团的累计合约销售总额约为人民币 224.32亿元，同比减少28.03%，本集团的累计合约销售总面积为1,844,398平方米。截至2025年11月30日 止11个月的平均销售价格为每平方米人民币12,162元。 ...

Core Viewpoint - Shimao Group (00813.HK) reported a cumulative contract sales amount of approximately RMB 22.432 billion for the eleven months ending November 30, 2025, with a total sales area of 1,844,398 square meters [1] Group 1: Sales Performance - The average selling price for the eleven months ending November 30, 2025, was RMB 12,162 per square meter [1] - In November 2025, the contract sales amount was approximately RMB 1.513 billion, with a sales area of 123,395 square meters [1] - The average selling price in November 2025 was RMB 12,260 per square meter [1]

智通财经APP讯，世茂集团(00813)发布公告，截至2025年11月30日止11个月，本集团的累计合约销售总 额约为人民币224.32亿元，同比减少28.03%，本集团的累计合约销售总面积为1,844,398平方米。截至 2025年11月30日止11个月的平均销售价格为每平方米人民币12,162元。 本集团于2025年11月的合约销售额约为人民币15.13亿元，同比减少44.38%，合约销售面积为123,395平 方米。2025年11月平均销售价格为每平方米人民币12,260元。 ...

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倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號： 813） 截至2025年11月30日止十一個月 未經審核營運數據 世茂集團控股有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其 附屬公司（統稱為「本集團」）截至2025年11月30日止十一個月若干未經審核營運 數據如下： 世茂集團控股有限公司 主席及總裁 上述銷售數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等銷售資料 過程中存在各種不確定因素，該等銷售數據與本公司按年度或半年度刊發的經審核 或未經審核綜合財務報表中披露的數字可能存在差異，因此上述數據僅供投資者參 考。投資者買賣本公司證券時務須謹慎行事，避免不恰當地倚賴該等資料。如有任 何疑問，投資者應尋求專業人士或財務顧問的專業意見。 代表董事會 於本公告日期，本公司董事會包括三位執行董事許世壇先生（主席及總裁）、謝琨 先生及趙軍先生；兩位非執行董事許薇薇小姐及邵亮先生；以及三位獨立 ...

Core Viewpoint - The article discusses the recent progress in revitalizing previously stalled landmark projects in various cities, highlighting the potential for these "zombie projects" to be brought back to life through coordinated efforts from government, financial institutions, and private investors [3][4]. Group 1: Revitalization of Landmark Projects - Multiple previously stagnant landmark projects are showing signs of potential revitalization, including the Chongqing Bay project and the Shenzhen-Hong Kong International Center [5][6]. - The Chongqing Bay project, acquired by Sunac from Sunshine 100, is set to receive up to 2.476 billion yuan for debt restructuring and new financing, with plans for construction to commence soon [6][7]. - The Shenzhen-Hong Kong International Center, originally acquired by Shimao Group for approximately 23.9 billion yuan, is undergoing a zoning change to allow for mixed residential and commercial use, paving the way for future development [8]. Group 2: Factors Driving Revitalization - The revival of these projects is driven by a combination of policy support, market conditions, and financial backing from institutions, with local governments playing a crucial role in resource coordination [9]. - The 2025 government work report emphasizes the importance of revitalizing existing land and commercial properties, providing a policy basis for the resumption of stalled projects [9]. Group 3: Challenges to Overcome - Despite some projects making progress, others, like the Guangzhou Round Building, continue to face challenges, including failed auctions and complex debt situations [11][12]. - Key challenges for large project revitalization include funding gaps, legal disputes among creditors, and the need to rebuild market trust and brand value [13][14]. - Financial institutions are increasingly important in this process, providing expertise and resources for restructuring and risk management [14].

FF301 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: 世茂集團控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 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) | 00813 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 25,000,000,000 | HKD | | 0.1 HKD | | 2,500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 25,000,000,000 | HKD | | 0.1 HKD | | 2,500,000,000 ...

Key Points - As of November 27, 44 stocks reached their 52-week highs, with Anling International (01410), China Northern Agricultural (00039), and MOS HOUSE (01653) leading the increase rates at 46.07%, 28.68%, and 22.74% respectively [1] - The closing prices and peak prices for the top three stocks are as follows: Anling International closed at 0.570 with a peak of 0.650, China Northern Agricultural closed at 0.095 with a peak of 0.166, and MOS HOUSE closed at 4.520 with a peak of 5.020 [1] - Other notable stocks that reached new highs include Junyu Foundation (01757) with an increase rate of 18.09% and Jiufu Lai (08611) with 15.08% [1] 52-Week Low Summary - The 52-week low list includes Contemporary Real Estate (01107) with a closing price of 0.019 and a low of 0.018, representing a decrease of 14.29% [2] - Other stocks that reached new lows include Zhihua Holdings (01707) at 0.031 with a decrease of 8.82% and Vanke Enterprises (02202) at 3.580 with a decrease of 8.51% [2] - The lowest prices for some other stocks are as follows: Shimao Group (00813) at 0.234 with a low of 0.233, and Baolong Real Estate (01238) at 0.232 with a low of 0.230 [2]