Core Viewpoint - The Chinese property stocks are experiencing a rise, driven by the implementation of new housing policies in various regions, particularly the promotion of "existing home sales" in Pingjiang County, Hunan Province, which is expected to stabilize the market in the long term [1] Group 1: Market Performance - Shimao Group (00813) increased by 13.21%, trading at 0.3 HKD - R&F Properties (02777) rose by 5.36%, trading at 0.59 HKD - China Resources Land (01109) saw a 4.45% increase, trading at 30.96 HKD - Oceanwide Holdings (03377) grew by 3.81%, trading at 0.109 HKD [1] Group 2: Policy Developments - On November 3, Pingjiang County in Hunan Province fully implemented existing home sales, marking it as the fourth region in China to do so after Xinyang, Jingmen, and Conghua District [1] - Zhongtai Securities reported that existing home sales can mitigate delivery risks and help stabilize the market, although it may not directly boost new home sales in the short term [1] Group 3: Future Outlook - GF Securities noted that there is currently a policy vacuum period, with no new statements from central or local governments ahead of year-end meetings [1] - Huang Qifan's proposals regarding the establishment of a reverse mortgage system for the elderly and other housing consumption models have garnered significant attention [1] - The exploration of new real estate models continues, with expectations for statements from the Political Bureau and the Central Economic Work Conference by year-end [1]

Investment Rating - The report maintains a "Buy" recommendation for new homes and indicates a significant decline in second-hand home transactions year-on-year [2][33]. Core Insights - The real estate sector has seen a 0.2% decline in the week of November 3 to November 7, 2025, ranking 24th among 31 primary industry sectors [9][30]. - New home transaction volume in 20 monitored cities decreased by 38% year-on-year, with a total area of 159 million square meters sold in the week, averaging 22.7 million square meters per day [21][24]. - Second-hand home transactions in 11 monitored cities also fell by 29% year-on-year, with a total area of 186 million square meters sold in the week, averaging 26.6 million square meters per day [24][29]. Industry Overview - **Basic Data**: The real estate sector comprises 107 listed companies with a total market capitalization of 1,233.623 billion yuan and a circulating market capitalization of 1,183.334 billion yuan [3]. - **Relative Index Performance**: The absolute performance over 1 month, 6 months, and 12 months is -1.6%, 16.8%, and -8.9% respectively, while the relative performance is -3.3%, -5.3%, and -23.3% [4]. Policy Developments - Local policies include the implementation of "current housing sales" in Pingjiang County, Hunan, and the promotion of industrialized construction in Guangzhou, aiming for a total output value of 500 billion yuan by 2030 [14][15]. Sales Performance - The report highlights a significant drop in both new and second-hand home sales, with new home sales down 31% week-on-week and second-hand home sales down 6% week-on-week [21][24]. - Cumulative data shows that new home sales in 20 cities have decreased by 11% year-to-date, while second-hand home sales in 11 cities have increased by 7% year-to-date [21][24]. Financing Trends - Most bond issuances in the week were by local state-owned enterprises, with Guang'an Holdings issuing the largest scale of 2 billion yuan [30][31]. Investment Strategy - The report suggests focusing on companies with strong product differentiation and stable rental income from quality commercial real estate, highlighting firms such as Beike-W, Greentown China, and China Resources Land as potential investment opportunities [33].

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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。 本公告及其隨附的上市文件僅供參考之用，並不構成收購、購買或認購證券的邀 請或要約，或訂立任何協議以作出任何該等事宜的邀請，亦不被視作收購、購買 或認購任何證券的要約邀請。 本公告及本文所述上市文件乃按上市規則（定義見下文）規定的僅作資料用途而刊 發，並不構成提呈出售任何證券的要約或招攬購買任何證券。本公告及其任何內 容（包括上市文件）並非任何合約或承諾的依據。為免生疑，刊發本公告及本文所 述的上市文件不應被視為就香港法例第32章公司（ 清盤及雜項條文 ）條例而言根據 本公司（ 定義見下文 ）或代其刊發的招股章程提出的證券發售建議，亦概不構成就 香 港 法 例 第 571章 證 券 及 期 貨 條 例 而 言 的 廣 告 、 邀 請 或 文 件 ， 其 中 載 有 向 公 眾 人 士的邀約，訂立或建議訂立有關購買、出售、認購或包銷證券的協議。 本公告及其隨附的上市文件並不構成亦不屬在或 ...

近日，"仰山之后 再望雲"华润置地济南望雲四代雲墅产品说明会暨答谢晚宴落幕。华润置地山东公司总经理 夏珑、副总经理彭杉杉，GAD设计集团设计总监江芳、李益中设计创办人李益中、知名学者魏新等业内外大 咖，与华润置地部分业主嘉宾齐聚一堂，见证这一重要时刻。 魏新带来沉浸式分享，从文化维度解读山水与人的深层共生关系，让嘉宾深刻领会到望雲项目所承载的人文 价值。 晚宴以一场极具视觉冲击力的灯光秀拉开帷幕，随后《墨韵五脉》视频缓缓铺展，为现场奠定兼具人文底蕴 与现代美学的基调。 安 一一 | 美家 Antan | 九原b-Rate 山水人文家 t | 48 公具新置地 | 为更好的城市 | 需要 at . 1 节目主持人书匀以华润置地业主的双重身份登台，瞬间拉近与现场嘉宾的距离："从仰山到望雲，既是人生从 攀登到栖居的进阶，更是华润置地山居作品的焕新跨越。" 活动现场，舞蹈《人生极致 俯仰皆山》以灵动舞姿诠释山水形神，引发嘉宾对山居生活的无限遐想。 随后，《见山》短片直观呈现望雲项目的山水基底，将这片土地的自然魅力展现得淋漓尽致。 目前，望雲7月首开至今持续热销，二期约143-172㎡爆款户型即将新推，建面约245-2 ...

久期财经讯，11月10日，华润置地有限公司(简称"华润置地"，01109.HK)已向香港联交所申请批准 3,900,000,000美元中期票据计划("计划")于二零二五年十一月十日后十二个月上市，据此，票据或会发 行，仅以向专业投资者(定义见香港联合交易所有限公司证券上市规则第37章)发行债务的方式发售，详 情载于日期为二零二五年十一月十日的发售通函。计划之上市预期将于二零二五年十一月十一日或前后 生效。 上述计划已委托中国银行、星展银行、汇丰、农银国际、建银国际、美银证券担任安排行及交易商。 ...

Group 1 - Hong Kong real estate stocks experienced a general rise, with Longfor Group up 3.33%, China Resources Land up 3%, and Agile Group up 3.4% [1] - Other notable increases include R&F Properties, Jin Hui Holdings, Ronshine China, and Jianfa International Group, each rising approximately 2%, while Midea Real Estate, Longguang Group, New City Development, and China Overseas Macro Holdings rose over 1% [1] Group 2 - The China Index Academy recently released the October financing report, indicating that the total bond financing in the real estate sector for October 2025 reached 51.24 billion yuan, a year-on-year increase of 76.9% [1] - The issuance of credit bonds in October also saw a year-on-year increase, primarily from state-owned enterprises, with real estate credit bond financing amounting to 32.7 billion yuan, up 50.7% year-on-year, accounting for 63.8% of the total [1] Group 3 - CITIC Securities suggests that 2026 may be a critical year for real estate companies to enter a balance sheet repair phase, with some firms potentially reaching the bottom of a long-term profit cycle [1] - Companies that manage to recover first are likely those with well-positioned assets in good cities, operational investment properties, or financial assets with appreciation potential [1]

Group 1 - Hong Kong property stocks experienced an upward trend in early trading [1] - R&F Properties (02777.HK) rose by 3.64%, trading at HKD 0.57 [1] - Longfor Group (00960.HK) increased by 2.94%, trading at HKD 10.51 [1] - China Resources Land (01109.HK) saw a rise of 2.75%, trading at HKD 29.88 [1] - Oceanwide Holdings (03377.HK) gained 1.9%, trading at HKD 0.107 [1]

Group 1 - The article highlights a positive trend in the Chinese real estate sector, with several major property stocks experiencing gains in early trading, including R&F Properties up 3.64% and Longfor Group up 2.94% [1] - According to Open Source Securities, as of October 31, a total of 438.4 billion yuan in special bonds for land reserves have been issued, with 319.8 billion yuan specifically for affordable housing projects [1] - The urban development is shifting from large-scale expansion to improving existing stock, emphasizing high-quality urban development and urban renewal projects, with an estimated investment demand of 4 trillion yuan over the next five years [1] Group 2 - CITIC Securities indicates that the supply and demand situation in the real estate market has improved, suggesting a foundation for stabilization by 2026 [1] - The year 2026 is projected to be critical for real estate companies in terms of balance sheet recovery, with some firms potentially reaching a long-term profitability bottom [1] - Companies that have successfully navigated challenges are likely to be those with strong urban positioning, well-operating investment properties, or valuable financial assets [1]

Core Viewpoint - The real estate stocks in China are experiencing an upward trend, with significant gains reported for several major companies, indicating a potential recovery in the sector [1] Group 1: Stock Performance - R&F Properties (02777) increased by 3.64%, trading at HKD 0.57 [1] - Longfor Group (00960) rose by 2.94%, trading at HKD 10.51 [1] - China Resources Land (01109) saw a 2.75% increase, trading at HKD 29.88 [1] - Oceanwide Holdings (03377) gained 1.9%, trading at HKD 0.107 [1] Group 2: Debt Issuance and Urban Development - As of October 31, a total of CNY 438.4 billion in special bonds for land reserves has been issued, with CNY 319.8 billion allocated for affordable housing projects [1] - The urban development strategy is shifting from large-scale expansion to enhancing existing stock, focusing on high-quality urban development and urban renewal projects [1] - Central government prioritizes support for key urban renewal projects, with an estimated investment demand of CNY 4 trillion over the next five years [1] Group 3: Market Outlook - CITIC Securities reports an improvement in the supply-demand situation in the real estate market, suggesting a foundation for stabilization by 2026 [1] - 2026 is anticipated to be a critical year for real estate companies to repair their balance sheets, with some firms potentially reaching a long-term profitability bottom [1] - Companies that have strategically positioned themselves in favorable cities and possess well-operating investment properties or valuable financial assets are likely to recover first [1]

Core Viewpoint - China Resources Land (01109.HK) announced a plan for a $3.9 billion medium-term note program, with an application submitted to the Hong Kong Stock Exchange for approval to list the notes within twelve months after November 10, 2025 [1] Group 1 - The company plans to issue the notes exclusively to professional investors as defined by the Hong Kong Stock Exchange's Listing Rules Chapter 37 [1] - The expected listing date for the notes is around November 10, 2025 [1]