Core Viewpoint - Li Ka-shing's son, Li Zeju, publicly denied rumors regarding the sale of the property at 79 Deep Water Bay Road, stating that such reports are fabricated and lack factual basis [2] Group 1: Company Actions - Longfor Group has been active in selling assets, including launching new batches of high-end properties in Beijing, with prices ranging from approximately HKD 9.8 million to HKD 10 million per square meter, and offering discounts that could lower prices to around HKD 7 million per square meter [3] - In August, Longfor Group promoted four projects in the Greater Bay Area, totaling 400 units, with the largest project being Huizhou Longbo Garden, which has 300 units available [3] Group 2: Financial Performance - Longfor Group reported a decline in both revenue and profit for the previous year, with revenue of HKD 45.529 billion, down from HKD 47.243 billion, and a 20% decrease in net profit to HKD 13.657 billion [4] - The confirmed property sales revenue for the reporting period was HKD 9.962 billion, a decrease from HKD 13.153 billion in the previous year [4] - Li Zeju mentioned that the decline in property sales was part of a planned strategy, as the company had reduced land purchases during the peak of the real estate market five to six years ago [4]

Core Viewpoint - Recent discussions surrounding Cheung Kong Holdings have sparked significant market interest, particularly regarding property sales and market trends in Hong Kong [1]. Group 1: Property Sales and Market Activity - Cheung Kong Holdings denied rumors about the sale of the property at 79 Deep Water Bay Road, stating that such reports are unfounded and fabricated [2]. - The Hong Kong property market has shown signs of recovery, with a total of 7,199 property registrations in July, a slight decrease of about 1% from June's 7,221, indicating active market transactions [2]. - Analysts attribute the rebound in Hong Kong property prices to multiple factors, including a "super rebound" from previous declines, optimistic expectations regarding economic recovery, and lower mortgage rates encouraging buyers to enter the market [2]. Group 2: Luxury Real Estate Transactions - On July 28, a luxury four-bedroom apartment in the 21 Borrett Road project sold for HKD 162 million, reflecting the continued presence of high-end buyers in Hong Kong's luxury market [3]. - The active economic performance has led to an increase in buyer participation in the luxury real estate sector [3]. Group 3: New Project Launches - Cheung Kong's subsidiary, Hutchison Whampoa, is promoting four real estate projects in the Greater Bay Area, totaling approximately 400 units, with the Huizhou Longbo Garden project offering 300 units [4]. - The current price for a 51-square-meter unit in Huizhou Longbo Garden is around HKD 440,000, translating to approximately HKD 8,554 per square meter, which is a decrease from previous prices that ranged from HKD 10,400 to HKD 14,000 per square meter [4]. Group 4: Market Trends and Strategic Shifts - There are indications that market adjustments and strategic shifts within companies are influencing property pricing, with reports of price reductions and increased listings in the market since May 2025 [7].

Core Viewpoint - Recent rumors suggest that Li Ka-shing intends to sell his luxury property located at 79 Deep Water Bay Road in Hong Kong for HKD 5 billion, but the chairman of Cheung Kong Holdings, Li Ka-shing's eldest son Li Zeju, has denied these claims, stating that they are entirely fabricated and lack factual basis [1]. Group 1 - The property in question is 79 Deep Water Bay Road, which is rumored to be on sale for HKD 5 billion [1]. - Li Zeju, chairman of Cheung Kong Holdings, has publicly refuted the sale rumors, labeling them as fictional and illogical [1]. - Li Zeju also mentioned that many online reports about him and his family are fabricated, with some being misleading or even fraudulent [1].

Core Viewpoint - Recent rumors suggest that Li Ka-shing intends to sell his luxury residence at 79 Deep Water Bay Road in Hong Kong for HKD 5 billion, which has been denied by the company [1][2]. Group 1: Company Response - Longfor Group's chairman, Li Zeju, stated that there are no plans to sell the property at 79 Deep Water Bay Road, calling the reports and social media posts regarding the sale fictitious and unfounded [1]. - Li Zeju emphasized that many online rumors about him and his family are fabricated, illogical, or even deceptive [1].

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7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 長江實業集團有限公司 呈交日期: 2025年8月4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) | 01113 | 說明 普通股 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 1 | HKD | | 8,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 8,000,000,000 | HKD | | 1 | HKD | | 8,000,000,000 | 本月 ...

Group 1: National Development and Reform Commission - The National Development and Reform Commission (NDRC) is conducting cost investigations in industries with significant "involution" competition to address issues of low-price disorder [1] - The NDRC aims to revise pricing laws and enhance policy communication to encourage companies to self-regulate their pricing behaviors [1] Group 2: Real Estate Market - Li Ka-shing's CK Asset Holdings is selling 400 properties in the Greater Bay Area starting from a total price of 400,000 HKD, attracting interest from Hong Kong buyers [2][4] - The price of the Huizhou Longpo Garden has dropped over 30% compared to the average price in 2020, making it a focal point for buyers [2] Group 3: Automotive Industry - Changan Automobile Group was established in just 56 days, aiming to become a top ten global automotive manufacturer by 2030, with a target of producing 5 million vehicles, including over 60% in new energy vehicles [5] Group 4: Technology Sector - Nvidia was summoned by the National Cyberspace Administration of China regarding security risks associated with its H20 chip, highlighting concerns over network and data security for Chinese users [4] Group 5: Consumer Electronics - Apple reported a record revenue of 94.04 billion USD for Q3 of fiscal year 2025, with a 10% year-on-year increase, driven by a 4% growth in revenue from the Greater China region [6] - The increase in sales is attributed to the implementation of national subsidies and significant price reductions on the iPhone 16 Pro series [6] Group 6: Duty-Free Retail - China Duty Free Group reported a 9.96% decline in revenue to 28.151 billion CNY and a 20.81% drop in net profit for the first half of 2025, despite an increase in market share in the Hainan duty-free market [7] - The upcoming full closure of Hainan Free Trade Port in December 2025 is expected to provide policy benefits and opportunities for the company [7] Group 7: Corporate Financing - Shenzhen Metro Group has provided Vanke with over 8.69 billion CNY in loans this year, bringing the total loans to over 22.6 billion CNY [8] Group 8: Competitive Landscape in Imaging Technology - DJI launched its first panoramic camera, the Osmo 360 8K, indicating a strategic move into the panoramic imaging market, which is currently dominated by Insta360 [8] - Insta360 is also entering the market with plans to release the world's first panoramic drone, intensifying competition between the two companies [8]

Group 1 - The Li Ka-shing family’s Cheung Kong Holdings is actively selling 400 residential units across four projects in the Greater Bay Area, attracting significant attention from Hong Kong buyers [1][5] - The Huizhou Longpu Garden project has a unit price of over 8,000 yuan per square meter, which is over 30% lower than the average price in 2020, making it a focal point for buyers from Hong Kong [1][5] - The current market trend shows a general decline in property prices, with the Guangzhou Yuchu Mingdi and Zengcheng Yicui Garden projects having limited inventory available for sale [3][4] Group 2 - The Greater Bay Area projects include Huizhou Longpu Garden, Zhongshan Longpu Garden, Guangzhou Yicui Garden, and Dongguan Haiyi Haoting, with Huizhou Longpu Garden offering units starting at over 400,000 yuan [5] - The average price for high-rise units in Dongguan Haiyi Haoting is approximately 15,500 yuan per square meter, down from 23,000 yuan per square meter in 2022, indicating a significant price reduction [5] - The trend of Hong Kong residents purchasing properties in the Greater Bay Area has been ongoing for 20 to 30 years, but has recently expanded beyond the immediate vicinity of Hong Kong due to improved transportation and favorable policies [7][9] Group 3 - The shift in purchasing behavior among Hong Kong buyers has moved from investment-focused to more residential and retirement-oriented, with many considering properties in the mainland due to lower living costs [9] - The familiarity and trust in Li Ka-shing's developments encourage Hong Kong buyers to consider properties in the Greater Bay Area, as they perceive these developments to align with their preferences and standards [7][8]

Core Viewpoint - The Li Ka-shing family’s Cheung Kong Holdings is actively selling properties in the Greater Bay Area, attracting attention from Hong Kong buyers due to significant price reductions in various projects [1][4]. Group 1: Property Sales and Pricing - Cheung Kong Holdings is offering 400 units across four projects in the Greater Bay Area, with prices starting at 400,000 yuan [1]. - The Huizhou Longpu Garden has a unit price of over 8,000 yuan/m², which is more than a 30% decrease compared to the average price in 2020, making it a focal point for buyers from Hong Kong [1][4]. - The Guangzhou Yucui Garden has sold over 1,000 units since its launch, with current listings showing significant price reductions, such as a 126 m² unit priced at approximately 2.28 million yuan [2][3]. Group 2: Market Trends and Buyer Behavior - There has been a noticeable increase in inquiries and visits from Hong Kong buyers to the Greater Bay Area, particularly in response to the recent price drops [4]. - The trend of Hong Kong residents purchasing properties in mainland China has been ongoing for 20 to 30 years, but has expanded significantly into deeper areas of the Greater Bay Area since the introduction of the Guangdong-Hong Kong-Macao Greater Bay Area Development Plan [6]. - The motivations for Hong Kong buyers have shifted from investment to retirement and self-use, with many considering properties in the mainland due to lower living costs and improved transportation links [8].

Core Viewpoint - Li Ka-shing's Cheung Kong Property is selling 400 residential units in the Greater Bay Area at significantly reduced prices, with the cheapest unit priced at 400,000 yuan, indicating a strategic move to capitalize on market conditions and demand from Hong Kong buyers [2][5]. Group 1: Property Sales Strategy - The properties being sold are primarily older developments, with many having been acquired at low land costs years ago, allowing for substantial profit margins even at reduced prices [5][8]. - The pricing strategy is attractive, with units in Dongguan's Haiyi Haoting seeing price drops from 44,000 to 18,000-36,000 yuan per square meter, effectively halving the price [6][8]. - The sales are driven by a surge in demand from Hong Kong residents, who find the price difference compelling, as new homes in Hong Kong average around 200,000 yuan per square meter [5][6]. Group 2: Market Trends and Demand - The trend of Hong Kong residents purchasing properties in Guangdong has been increasing, with 3,341 transactions recorded by June 2023, amounting to 3.08 billion yuan [5][6]. - The development of the "one-hour living circle" in the Greater Bay Area is facilitating this trend, as more Hong Kong residents are willing to commute for work and leisure [5][8]. - The shift in buyer motivation from investment to self-occupation is notable, with buyers now prioritizing living conditions and amenities [8]. Group 3: Financial Strategy and Asset Management - The primary reason for the aggressive selling strategy appears to be the need for cash flow, as Cheung Kong's sales revenue in mainland China is projected to drop by 87% in 2024 compared to 2020 [7][8]. - Selling properties allows the company to mitigate risks associated with holding onto unsold inventory, especially in a market where some cities have inventory turnover periods exceeding 30 months [8]. - The sale of properties aligns with Li Ka-shing's long-standing strategy of capitalizing on favorable market conditions while managing financial risks effectively [12][13]. Group 4: Broader Strategic Adjustments - The sale of port assets by Li Ka-shing in recent years reflects a broader strategic shift in response to changing global trade dynamics and the need to reallocate resources to more promising sectors [9][10][12]. - The funds generated from asset sales are being redirected towards investments in technology and renewable energy, indicating a proactive approach to adapting to market changes [12][13]. - Overall, the company's actions demonstrate a calculated balance between risk management and seizing short-term opportunities in the real estate market [13].

Core Viewpoint - The China Securities Hong Kong Stock Connect Real Estate Index has shown positive performance over the past month, three months, and year-to-date, indicating a strong recovery in the real estate sector [2]. Group 1: Index Performance - The China Securities Hong Kong Stock Connect Real Estate Index increased by 3.04% over the past month, 9.88% over the past three months, and 13.08% year-to-date [2]. - The index is based on a sample of up to 50 eligible Hong Kong-listed companies that reflect the overall performance of the real estate sector [2]. Group 2: Index Composition - The top ten weighted companies in the index are: Sun Hung Kai Properties (14.11%), Beike-W (12.73%), China Resources Land (10.83%), Cheung Kong Property (7.94%), China Overseas Land & Investment (6.28%), Wharf Real Estate Investment (4.72%), Sino Land (4.39%), Henderson Land Development (4.22%), Longfor Group (2.85%), and Wharf Holdings (2.83%) [2]. - The index is composed entirely of real estate companies, with 100% of its holdings in the real estate sector [3]. Group 3: Index Adjustment Mechanism - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or when new companies meet the criteria for inclusion [3].