每一个楼花，都是独一无二的。这里是楼花网。 中建智地抢先一步。 8月18日，北京朝阳区黄杉木店2107-03地块公示了设计方案。它就是紫京宸园。 而兄弟璞樾呢？花姐等到下班，也没等来，但相信也快出图了。 在双子格局下，谁先公开规划方案，就可能提前透露另一方的产品情况。 这次，紫京宸园概莫能外，至少确定了三件事： 1、它的鸟瞰图，剧透了璞樾8栋楼——共计9栋；它的平面图，剧透了璞樾南面的4栋楼，甚至把户型结 构都画出来了——南向通面内嵌式阳台，北面送一个设备阳台。 2、确定了2107-02地块幼儿园的位置。按照拿地文件，幼儿园可以结合01地块（璞樾）统筹布置。 当时，幼儿园设在璞樾的东南角。现在，它依然在东南角，只不过从原来的正方形，变成刀把型，南宽 北窄。 4月28日，它们被中建智地+中国金茂+越秀地产+朝阳城发联合体拿下，是126亿元地王里的核心部分。 从拿地到出图，花费了超过100天，据说方案调了很多轮。（详见北京126亿地王，速度慢了） 紫京宸园在南，由中建智地操盘；璞樾在北，由金茂负责设计、越秀负责营销。这两个豪宅，同股同 权。 一般而言，同时拿地的双子座出报规图，要么同时——海淀功德寺和樾玉鸣、和樾 ...

（1.63%）、中金公司（1.54%）、中国银河（1.52%）、平安好医生（1.47%）、中国金茂（1.45%）。 从中证香港300高贝塔指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300高贝塔指数持仓样本的行业来看，金融占比19.88%、可选消费占比19.82%、信息技术占 比18.22%、医药卫生占比12.38%、房地产占比11.38%、工业占比6.66%、通信服务占比5.86%、主要消 费占比2.93%、原材料占比2.87%。 金融界8月19日消息，上证指数高开震荡，中证香港300高贝塔指数 (H300HB，H30232)报1274.62点。 数据统计显示，中证香港300高贝塔指数近一个月上涨14.01%，近三个月上涨35.04%，年至今上涨 45.66%。 据了解，中证香港策略指数系列从多种策略投资的角度反映了在香港交易所上市证券的整体表现。该指 数以2005年12月30日为基日，以1000.0点为基点。 从指数持仓来看，中证香港300高贝塔指数十大权重分别为：东方甄选（2.71%）、英诺赛科 （2.34%）、融创中国（1.94%）、招商证券（1.78%）、FIT HON T ...

Core Viewpoint - The real estate industry in China is experiencing a significant shift, with the top 10 large enterprises becoming the "stabilizers" of the market as mid-sized companies face collapse. The future may see a consolidation into 5 to 7 dominant players [1][2]. Group 1: Sales Performance - The top 10 real estate companies are undergoing a "dual differentiation" in sales performance, with the leading firms experiencing a decline while the mid-tier companies are showing growth. For instance, only 3 out of the top 10 achieved positive growth, with China Jinmao at 19%, Yuexiu at 11%, and Jianfa at 7% [3][4]. - The head companies are collectively facing negative growth, with Vanke reporting a decline of 46%, and other major players like China Overseas, Poly, and China Merchants also showing significant drops [4][5]. - The average sales growth rate for the top 100 companies has decreased by 11.8%, indicating that even leading firms are not immune to the downturn [5]. Group 2: Land Acquisition Trends - The year 2025 is characterized as a "land acquisition year" for the top 10 companies, driven by improved sales and better land offerings from local governments compared to 2024 [6][7]. - There is a clear distinction between aggressive "Tiger" companies, which are acquiring land at a rapid pace (e.g., Poly's land acquisition increased by 276% to 414 billion, China Overseas by 228% to 393 billion), and the more cautious "Wolf" companies, which are growing at a slower rate [10][12]. - The "Tiger" companies are defined by high acquisition volumes (over 400 billion) and significant growth rates (100% to 300%), while the "Wolf" companies are characterized by lower volumes (below 300 billion) and growth rates under 40% [9][12]. Group 3: Company Classification - The top 10 companies can be categorized into three main groups based on their sales and land acquisition strategies: aggressive, cautious, and balanced [17][34]. - The aggressive group includes companies like Jinmao, China Merchants, China Overseas, and Poly, which exhibit high land acquisition and low sales [23][26]. - The cautious group, represented by companies like Vanke, is focused on maintaining sales while limiting land acquisition, with Vanke experiencing a 45.8% drop in sales and a 95% decrease in land acquisition [27][29]. - The balanced group includes companies like China Resources, Greentown, and Jianfa, which maintain a moderate approach to both sales and land acquisition [34][36]. Group 4: Market Concentration - The concentration of the top 10 companies is increasing, with their land acquisition intensity averaging 0.4, significantly higher than the 0.26 average of the top 100 companies [41][42]. - The top 10 companies now account for 73% of the new value added in the market, indicating a shift towards larger, financially robust firms [41][42]. - The ongoing market downturn is likely to further consolidate the industry, with smaller firms facing increasing challenges to survive due to insufficient land acquisition [42].

Core Insights - The "Influence Index 2025 Boao Style Performance" event recognizes exemplary forces in various industries on the path to high-quality development [1] - The past year has seen significant trends in cross-industry integration, reshaping industrial structures and social life through resource sharing and complementary advantages [1] - Companies are actively exploring integration paths and embracing cross-border cooperation to innovate and create competitive new models and products [1] Industry Trends - The trend of cross-industry collaboration is breaking traditional barriers, leading to substantial potential through shared resources and innovative business models [1] - The development of diverse business formats is driven by innovation, expanding market boundaries to meet increasingly diverse consumer demands [1] - The vigorous growth of multi-faceted business formats not only provides new growth points for companies but also reshapes industry ecosystems towards higher quality and sustainability [1] Event Highlights - The "Influence Index 2025 Boao Style Performance" ceremony, hosted by the Viewpoint Agency, gathered industry elites to witness the limitless possibilities of integrated development [1] - Various awards were presented, including categories for influential commercial properties, logistics projects, and sustainable business initiatives [6][7][9][12][29]

Investment Rating - The report maintains a "Positive" rating for the real estate and property management sectors [2][3]. Core Insights - The report indicates that the broad housing demand in China has likely bottomed out, although the volume and price have not yet entered a positive cycle. It anticipates that the overall real estate market will continue to stabilize, with further policies expected to be introduced to support this trend. Core cities are expected to lead the recovery as they approach the bottom of the market [3][34]. - The report highlights significant policy changes, including the implementation of new regulations in Beijing that have led to a 20% increase in new home visits in areas outside the Fifth Ring Road. Additionally, various provinces are focusing on stabilizing the housing market and urban renewal tasks [3][34]. Industry Data Summary New Home Transaction Volume - In the week of August 9-15, 2025, new home transactions in 34 cities totaled 1.613 million square meters, a decrease of 9% week-on-week. The transaction volume for first and second-tier cities fell by 7.9%, while third and fourth-tier cities saw a decline of 23.5% [3][4]. - Year-on-year, new home transactions in August (up to August 15) decreased by 19.1%, with first and second-tier cities down by 17.6% and third and fourth-tier cities down by 35.5% [3][7]. Second-Hand Home Transaction Volume - In the week of August 9-15, 2025, second-hand home transactions in 13 cities totaled 999,000 square meters, a decrease of 3.6% week-on-week. Cumulatively, transactions in August were down 3% year-on-year [3][13]. Inventory and Supply - In the week of August 9-15, 2025, 76,000 square meters of new homes were launched in 15 cities, with a transaction volume of 65,000 square meters, resulting in a transaction-to-launch ratio of 0.86. The total available residential area in these cities was 89.15 million square meters, reflecting a slight increase of 0.1% [3][24]. Policy and News Tracking - The report notes that the National Bureau of Statistics reported a 12% year-on-year decline in real estate development investment for the first seven months of 2025, totaling 535.8 billion yuan. Various provinces are implementing measures to stabilize the housing market and promote urban renewal [3][34]. - Specific policies include a reduction in the down payment ratio for housing loans in Suzhou to 15% and the introduction of new measures to support the conversion of commercial properties to residential use in Shanghai [3][34]. Company Dynamics - Several real estate companies reported their sales figures for the first seven months of 2025, with China Resources Land at 123.6 billion yuan (-11.8%) and China Jinmao at 61.8 billion yuan (+23.0%). Dragon Lake Group forecasted a 70% decline in core earnings [3][34]. - Financing activities included the issuance of bonds by various companies, such as a 1.5 billion yuan medium-term note by Dayuecheng Holdings and a total of 1.4 billion yuan in bonds by Yuexiu Property [3][34].

中国金茂(00817)发布公告，非执行董事刘文先生获委任为公司战略及投资委员会委员，执行董事乔晓 洁女士不再担任战略及投资委员会委员，自本公告之日起生效。 ...

China Jinmao Holdings Group Limited 中國金茂控股集團有限公 司 （於香港註冊成立的有限公司） （股票代號：00817） 1、 負責檢討本公司的財務監控； 2、 負責與管理層討論並檢討本公司的風險管理、內部控制系統、合規管理 系統及違規經營追責系統的有效性，確保管理層已履行職責建立有效的 系統；督導內部審計制度的制定及實施，審核及督導落實年度內部審計 計劃和重點內部審計任務；負責督導項目複盤、投資項目後評價相關制 度的制定及實施；確保會計、財務、法律合規及追責職能方面的資源、 員工資歷及經驗足夠，以及員工所接受的培訓課程及有關預算充足； 3、 負責與管理層討論及檢討本公司貫徹執行所適用法律法規及規章的情 況，以確保相關內部控制制度和監控系統有效； 4、 負責檢討本公司股東大會決議案、董事會決議以及董事會授權的執行情 況； 5、 主動或應董事會的委派，與管理層就重要審計結論、內部監控調查結果 進行研究；檢查外部核數、內部審計、國資監管、專項督查檢查等發現 問題的整改落實情況； 6、 負責向董事會提出內部審計部門負責人的任免建議；確保內部與外聘核 數師的工作得到協調；保障內部審計 ...

Group 1 - The company announced the appointment of Mr. Liu Wen as a member of the Strategic and Investment Committee [1] - Ms. Qiao Xiaojie, an executive director, will no longer serve as a member of the Strategic and Investment Committee effective immediately [1]

智通财经APP讯，中国金茂(00817)发布公告，非执行董事刘文先生获委任为公司战略及投资委员会委 员，执行董事乔晓洁女士不再担任战略及投资委员会委员，自本公告之日起生效。 ...

（於香港註冊成立的有限公司） （股票代號：00817） China Jinmao Holdings Group Limited 中國金茂控股集團有限公 司 劉峰先生 孫文德先生 高世斌先生 鍾偉先生 董事名單與其角色和職能 中國金茂控股集團有限公司董事會（「董事會」）成員載列如下。 執行董事 陶天海先生 （主席） 張輝先生 （高級副總裁） 喬曉潔女士 （首席財務官） 非執行董事 崔焱先生 劉文先生 陳一江先生 王葳女士 獨立非執行董事 1 董事會設立5個委員會。下表提供各董事會成員在這些委員會中所擔任的職位。 | | 委員會 | 審核 | 薪酬及提名 | 戰略及投資 | 獨立董事 | ESG | | --- | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | | 陶天海 | | | | C | | C | | 張輝 | | | | M | | | | 崔焱 | | | M | M | | | | 劉文 | | M | | M | | | | 陳一江 | | M | | | | | | 王葳 | | | M | ...