公告显示，截至2025年10月31日止一个月，华润置地实现总合同销售金额约人民币152.0亿元，总合同 销售建筑面积约68.1万平方米，分别按年减少51.0%及46.8%。 1-10月，华润置地累计合同销售金额约人民币1696.0亿元，总合同销售建筑面积约641.0万平方米，分别 按年减少16.6%及27.4%。 2025年10月，华润置地实现经常性收入约人民币43.3亿元，按年增长3.0%，其中，经营性不动产业务租 金收入约人民币29.4亿元，按年增长16.8%。1-10月累计经常性收入约人民币414.8亿元，按年增长 7.2%，其中，经营性不动产业务租金收入约人民币271.0亿元，按年增长13.0%。 来源：环球网 【环球网综合报道】11月12日，华润置地有限公司发布了截至2025年10月31日止一个月未经审核的营运 数据。 润置地公告 图源：华 ...

华润置地目前直接持有公司16.5亿股股份，占公司已发行股份总数72.29%。于配售事项完成后，华润置 地持有公司的股权将减少至公司已发行股份总数70.12%，而中国华润作为公司的最终控股股东，通过 华润置地、华润集团(置地)及合贸间接持有公司的股权则会减少至已发行股份总数71.55%。董事会预期 配售事项将不会对公司及其附属公司的营运产生任何不利影响。 消息面上，华润万象生活宣布，获控股股东华润置地告知，于11月13日，华润置地与配售代理订立配售 协议，华润置地同意通过配售代理将公司合共4950万股股份，占公司已发行股份总数2.17%，按配售价 每股41.7港元配售(或倘未能成功配售，则由其自行购买)予由配售代理促成的承配人，华润置地将套现 20.64亿港元。配售价较华润万象生活昨日收市价46.12港元折让9.58%。 智通财经APP获悉，华润万象生活(01209)跌超8%，截至发稿，跌8.41%，报42.24港元，成交额22.85亿 港元。 ...

Group 1 - The Hang Seng Index opened down 0.53%, with the Hang Seng Tech Index falling 0.82%. China National Offshore Oil Corporation dropped over 2%, and China Petroleum & Chemical Corporation fell over 1%. China Resources Mixc Lifestyle Services Limited saw a decline of nearly 8% as its controlling shareholder, China Resources Land Limited, proposed to place shares at HKD 41.7 each [1] - Guotai Junan Securities indicated that the foundation for a bull market in Hong Kong stocks remains intact, but the evolution is likely to be characterized by "oscillating upward with a gradually rising center" rather than a rapid one-sided increase. The fundamental drivers in November are strong, emphasizing the value of high-prosperity sectors [1][2] - Wang Qian from Yongying Fund noted that the recent adjustment in Hong Kong stocks is mainly due to weakened upward momentum and increased uncertainties, leading some investors to take profits. Additionally, the market remains uncertain about the Federal Reserve's interest rate cuts in December [1][2] Group 2 - Market focus will shift towards policy implementation and interest rate trends by year-end. As valuations of Hong Kong stocks become more attractive next year, a confirmed trend reversal in U.S. interest rates or clearer signals of domestic economic recovery could help the market regain upward momentum. Key sectors to watch include internet, high dividends, and high-end manufacturing [2] - The valuation of the Hang Seng Internet Technology Index is currently at a PE ratio of 21.45, which is at a historical low of 16.09% over the past decade, indicating significant valuation recovery potential [2][3] - The core narrative of Hong Kong's internet sector is shifting from user growth and business models to new growth curves driven by AI empowerment [2] Group 3 - Zhang Xia, Chief Strategy Analyst at招商证券, stated that the Hang Seng Tech Index is one of the few indices with a current PE ratio below its historical average, indicating substantial valuation recovery potential [3] - The Hong Kong market is primarily driven by liquidity, and uncertainties in external liquidity may lead to short-term oscillations. However, in the medium to long term, the opening of the U.S. interest rate cut cycle and the end of the Fed's balance sheet reduction could lead to a resonance of easing policies between China and the U.S. [3] - The current economic fundamentals in China are stable and improving, with continuous policy support, which has significantly boosted market confidence [3][4] Group 4 - Guotai Haitong Securities highlighted that the current position of Hong Kong stocks is not high compared to historical and overseas levels, suggesting potential for upward movement. The market is expected to attract over 1.5 trillion yuan in inflows next year due to low allocation and the backdrop of U.S. interest rate cuts [4] - Hong Kong is seen as a gathering place for innovative assets, with sectors like internet, new consumption, innovative pharmaceuticals, and dividends expected to support the ongoing bull market [4] - JPMorgan noted that the current valuation of Hong Kong stocks remains relatively low, supported by multiple favorable factors, and anticipates that the current rally will continue into next year [4][5]

华润万象生活为公司的附属公司。于本公告日期，公司直接持有华润万象生活16.50亿股股份，即华润 万象生活已发行股份总数约72.29%。于配售完成后(假设华润万象生活的已发行股份总数由本公告日期 至配售完成日期期间并无变动)，公司持有华润万象生活的股权将减少至其已发行股份总数约70.12%。 华润万象生活会继续为公司的附属公司，而华润万象生活的财务业绩会继续并入集团的财务报表。 智通财经APP讯，华润置地(01109)发布公告，于2025年11月13日，公司与配售代理订立配售协议，据 此，公司同意任命配售代理，及配售代理同意担任公司的代理，以促使承配人根据配售协议的条款以配 售价购买(或倘未能成功配售，则由其自行购买)公司持有的合共4950万股配售股份，配售股份占截至本 公告日期华润万象生活(01209)已发行股份总数约2.17%。 出售事项所得款项净额(经扣除专业费用及其他配售开支)估计约为20.61亿港元。出售事项所得款项净额 拟用作集团收购储备土地、开发成本及一般营运资金。公司认为配售可以令华润万象生活的股东结构更 多元从而能够鼓励及吸引机构投资者对华润万象生活作出投资、并增加其股份的流动性，增强市场信心 ...

华润万象生活为公司的附属公司。于本公告日期，公司直接持有华润万象生活16.50亿股股份，即华润 万象生活已发行股份总数约72.29%。于配售完成后(假设华润万象生活的已发行股份总数由本公告日期 至配售完成日期期间并无变动)，公司持有华润万象生活的股权将减少至其已发行股份总数约70.12%。 华润万象生活会继续为公司的附属公司，而华润万象生活的财务业绩会继续并入集团的财务报表。 华润置地(01109)发布公告，于2025年11月13日，公司与配售代理订立配售协议，据此，公司同意任命 配售代理，及配售代理同意担任公司的代理，以促使承配人根据配售协议的条款以配售价购买(或倘未 能成功配售，则由其自行购买)公司持有的合共4950万股配售股份，配售股份占截至本公告日期华润万 象生活(01209)已发行股份总数约2.17%。 出售事项所得款项净额(经扣除专业费用及其他配售开支)估计约为20.61亿港元。出售事项所得款项净额 拟用作集团收购储备土地、开发成本及一般营运资金。公司认为配售可以令华润万象生活的股东结构更 多元从而能够鼓励及吸引机构投资者对华润万象生活作出投资、并增加其股份的流动性，增强市场信心 及提高华润万象生 ...

每经AI快讯，11月13日，华润置地在港交所公告称，配售4950万股华润万象生活股份，预计配售价每 股41.70港元，所得款项净额约20.6亿港元。 ...

Core Viewpoint - China Resources Land (01109.HK) has entered into a placement agreement with UBS AG Hong Kong Branch to sell 49.5 million shares of its subsidiary, China Resources Mixc Lifestyle (01209.HK), representing approximately 2.17% of the total issued shares as of the announcement date [1] Group 1 - The company directly holds 1.65 billion shares of China Resources Mixc Lifestyle, which accounts for about 72.29% of the total issued shares [1] - After the completion of the placement, assuming no changes in the total issued shares, the company's ownership in China Resources Mixc Lifestyle will decrease to approximately 70.12% [1] - China Resources Mixc Lifestyle will continue to be a subsidiary of the company, and its financial performance will still be consolidated into the group's financial statements [1] Group 2 - The estimated net proceeds from the sale are approximately HKD 2.061 billion [2] - The proceeds are intended to be used for land acquisition reserves, development costs, and general working capital [2] - The company believes that the placement will diversify the shareholder structure of China Resources Mixc Lifestyle, encouraging institutional investment and increasing share liquidity, thereby enhancing market confidence and share value [2]

內幕消息 有關出售附屬公司股份 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。 （於開曼群島註冊成立的有限公司） （股份代號：1109） 本 公 告 由 本 公 司 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「 上 市 規 則 」）第 13.09 (2) (a) 條 及 香 港 法 例 第 571 章 證 券 及 期 貨 條 例 第 XIVA 部 下 的 內 幕 消 息 條 文 （ 定義見上市規則）作出。 於二零二五年十一月十三日，本公司與配售代理訂立配售協議，據此，本公司 同意任命配售代理，及配售代理同意擔任本公司的代理，以促使承配人根據配 售協議的條款以配售價購買（ 或倘未能成功配售，則由其自行購買 ）本公司持有 的合共49,500,000股配售股份，配售股份佔截至本公告日期華潤萬象生活已發行 股份總數約2.17%。 華潤萬象生活為本公司之附屬公司 ...

Core Viewpoint - China Resources Land has resumed its issuance of US dollar bonds after a six-year hiatus, signaling a positive development in the context of cautious overseas financing by domestic real estate companies [1][3]. Group 1: Company Actions - China Resources Land has applied to the Hong Kong Stock Exchange for a US$3.9 billion medium-term note program, which is set to be listed within 12 months after November 10, 2025, and will be issued only to professional investors [1]. - This marks the first issuance of US dollar bonds by a leading state-owned enterprise in three years, with the last issuance by China Overseas Land in 2019 [3]. - The US$3.9 billion issuance is one of the largest among real estate companies, reflecting market confidence, as other state-owned enterprises typically issue less than US$1 billion [3]. Group 2: Financial Implications - The proceeds from the bond issuance will be used to optimize the debt structure, primarily for debt repayment [4]. - Moody's has assigned a "Baa1" investment-grade rating to the proposed notes, indicating that the issuance will enhance China Resources Land's liquidity and financial flexibility [4]. - The company's financial metrics remain strong, with a cash position of CNY 120.24 billion and a net debt ratio of 39.2%, which is low compared to industry standards [5]. Group 3: Market Context - The real estate sector has seen a recovery in overseas financing, with companies like Greentown China and New City Development successfully issuing bonds earlier this year [6]. - The market's acceptance of US dollar bonds from Chinese real estate companies has improved, as evidenced by the successful issuance of senior unsecured bonds by various firms [6][7]. - Domestic financing has also shown signs of recovery, with a significant year-on-year increase in bond financing in October 2025 [8][9].

Major Events - Hong Kong Stock Exchange (00388) plans to make a strategic investment in Xunqing Settlement Holdings Limited [1] - Lai Kai Pharmaceutical-B (02105) signs an exclusive licensing agreement with Qilu Pharmaceutical for LAE 002 (AFURESERTIB) in China [1] - TECHSTARACQ-Z (07855) is expected to inherit the company Tuda Tong's listing on the main board of the Stock Exchange on December 10 [1] - Superstar Legend (06683) intends to establish a joint venture with Yushu Technology to develop consumer-grade IP robots and IP derivative products [1] - Beijing Enterprises Holdings (00392) plans to acquire 100% equity of Beijing Beiran Special Equipment Inspection and Testing Co., Ltd. for 54.6 million yuan [1] - CSPC Pharmaceutical Group (01093) has its application for the marketing of Pertuzumab Injection accepted by the National Medical Products Administration [1] - Rongli Construction (09639) plans to collaborate with CATL to develop efficient energy storage systems and solutions [1] Operating Performance - BeiGene (06160) reports a net profit attributable to shareholders of 1.139 billion yuan for the first three quarters, turning from loss to profit year-on-year [1] - Tencent Music-SW (01698) reports a net profit attributable to equity holders of 2.15 billion yuan in the third quarter, a year-on-year increase of 36.0% [1] - Zhou Li Fu (06168) sees a 32% year-on-year increase in e-commerce revenue for the first ten months, with net profit rising 71% year-on-year [1] - China Resources Land (01109) reports a cumulative contract sales amount of approximately 169.6 billion yuan for the first ten months, a year-on-year decrease of 16.6% [1]