Group 1: Domestic News - President Xi Jinping and US President Trump had a phone call, emphasizing the importance of stable and positive Sino-US relations and the need for cooperation to benefit both nations and the world [2] - The People's Bank of China (PBOC) conducted a 1 trillion yuan MLF operation, marking the ninth consecutive month of increased net issuance, aligning with market expectations [2] Group 2: Bond Market Dynamics - The interbank market saw significant participation from private enterprises, with over 5.3 billion yuan in sci-tech bonds issued, representing more than 10% of the total issuance in the interbank market [3] - The bond market experienced narrow fluctuations, with the yield on the 10-year government bond slightly decreasing to 1.8120% [9] Group 3: Credit Bond Events - Several companies announced delays in bond repayments, including Fanghai Holdings, which postponed the repayment of approximately 3.56 billion USD in overseas notes until May 2026 [11] - Other companies, such as Fangyuan Real Estate and Xian Construction Group, also reported adjustments to repayment dates or overdue debts, indicating potential credit risks in the market [12][18] Group 4: Convertible Bonds - The convertible bond market saw a collective rise in major indices, with the market's trading volume increasing significantly to 618.80 billion yuan, indicating a rebound following previous declines [19] - Notable individual convertible bonds, such as Zhuomei Convertible Bond, experienced a surge of 57%, while others like Tianci Convertible Bond saw declines [19]

宝龙地产(01238)发布公告，内容有关公司的全资附属公司宝龙地产(维京)控股有限公司于维京法庭被提 出的清盘申请。清盘申请的聆讯已通过双方协定的同意令的方式进一步延期至2025年12月15日(或2026 年3月4日前的下一个可供聆讯日期)举行。进一步延期旨在为公司及其附属公司提供额外时间，以与公 司境外债权人商讨并订立重组支持协议。 ...

智通财经APP讯，宝龙地产(01238)发布公告，内容有关公司的全资附属公司宝龙地产(维京)控股有限公 司于维京法庭被提出的清盘申请。清盘申请的聆讯已通过双方协定的同意令的方式进一步延期至2025年 12月15日(或2026年3月4日前的下一个可供聆讯日期)举行。进一步延期旨在为公司及其附属公司提供额 外时间，以与公司境外债权人商讨并订立重组支持协议。 ...

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佈的內容概不 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 佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 POWERLONG REAL ESTATE HOLDINGS LIMITED 寶龍地產控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 責 任 公 司） （股 份 代 號：1238） 於 本 公 佈 日 期，執 行 董 事 為 許 健 康 先 生、許 華 芳 先 生、肖 清 平 先 生 及 張 洪 峰 先 生；非 執 行 董 事 為 許 華 芬 女 士；及 獨 立 非 執 行 董 事 為 歐 陽 寶 豐 先 生、梅 建 平 博 士、丁 祖 昱 博 士 及 劉 曉 蘭 女 士。 本公佈乃由寶龍地產控股有限公司（「本公司」）作出。茲提述本公司日期為2025年 3月7日、2025年3月31日、2025年5月12日 及2025年7月14日的公佈（「該等公佈」）， 內容有關本公司的全資附屬公司寶龍地產（維 京）控股有限公司於維京法庭被 提 出 ...

宝龙地产(01238)公布，该集团于2025年10月的合约销售额(连同共同控制实体及联营公司的合约销售额) 约为人民币7.14亿元，同比减少35.62%;及合约销售面积约66,960平方米。 该集团截至2025年10月31日止十个月的合约销售总额(连同共同控制实体及联营公司的合约销售额)约为 人民币61.45亿元，同比减少42.81%;及合约销售总面积约537,974平方米。 ...

Core Viewpoint - The company reported a significant decline in contract sales for October 2025, indicating challenges in the real estate market [1] Group 1: Contract Sales Performance - The contract sales amount for October 2025 was approximately RMB 714 million, representing a year-on-year decrease of 35.62% [1] - The total contract sales for the ten months ending October 31, 2025, was about RMB 6.145 billion, showing a year-on-year decline of 42.81% [1] - The total contract sales area for October 2025 was approximately 66,960 square meters [1] - The total contract sales area for the ten months was around 537,974 square meters [1]

Core Viewpoint - Baolong Real Estate (01238.HK) reported a contract sales amount of approximately RMB 714 million and a contract sales area of 66,960 square meters for October 2025 [1] Group 1 - The total contract sales amount for the ten months ending October 31, 2025, is approximately RMB 6,145 million, with a total contract sales area of 537,974 square meters [1]

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佈的內容概不 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 佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 寶龍地產控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」）董事會（「董 事 會」）謹此公佈本集團截至2025年10月31日 止 月 份 若 干 未 經 審 核 營 運 數 據。 本集團於2025年10月的合約銷售額（連 同 共 同 控 制 實 體 及 聯 營 公 司 的 合 約 銷 售 額）及合約銷售面積分別約為人民幣714百萬元及66,960平 方 米。本 集 團 截 至2025 年10月31日止十個月的合約銷售總額（連 同 共 同 控 制 實 體 及 聯 營 公 司 的 合 約 銷 售 額）及合約銷售總面積分別約為人民幣6,145百萬元及537,974平 方 米。 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 整 理 該 等 銷 售 資 料 過 程 中 存 在 ...

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10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: 寶龍地產控股有限公司 呈交日期: 2025年11月3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) | 01238 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 30,000,000,000 | HKD | | 0.01 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 30,000,000,000 | HKD | | 0.01 | HKD | | 300,000,000 | 本月底法定/註冊股本總額： HKD ...

Core Insights - The real estate market in September showed signs of stabilization and recovery, driven primarily by the demand for improved housing options [1][9] - A total of 24 real estate companies reported sales data, with 15 companies, accounting for 62.5%, experiencing a month-on-month increase in sales [1] - Differentiated pricing strategies have played a crucial role, with smaller units attracting buyers through competitive pricing, while improved housing options achieved premium pricing [1][9] Sales Performance - Among the 24 companies, Poly Developments and China Overseas Development led with sales exceeding 200 billion yuan in September, at 205.31 billion yuan and 201.73 billion yuan respectively [3] - Other notable companies include China Resources Land and China Merchants Shekou, with sales of 176 billion yuan and 166.98 billion yuan [3] - The sales growth for Poly Developments and China Overseas has been consistent, with both companies reporting month-on-month increases for three consecutive months [3] Market Dynamics - Different tiers of companies are experiencing varied recovery rates, with top-tier firms benefiting from scale advantages and mid-tier firms leveraging popular projects to boost sales [3][4] - Companies like R&F Properties saw a significant month-on-month increase of 132.31% in September due to a low sales base in August [4] - The overall market recovery is supported by strong land acquisition strategies focused on first- and second-tier cities, with a reported 13% year-on-year increase in land sales revenue across 300 cities [5] Land Acquisition Trends - Real estate companies are increasingly concentrating their land acquisitions in core cities, with top 20 cities accounting for 61% of the total land sales revenue [5] - China Resources Land acquired 18 new projects in the first half of 2025, with a total investment of 32.28 billion yuan, primarily in first- and second-tier cities [5] - The supply of quality land has increased, providing more options for developers, as seen in Beijing's recent addition of 22 new real estate projects [6] Product Quality and Market Appeal - The introduction of high-quality housing standards has enhanced market attractiveness, with improved housing options meeting the needs of buyers [7] - Recent policy adjustments in major cities have further stimulated demand, allowing for greater flexibility in purchasing [7] - The sales of improved housing options have surged, with a notable increase in the proportion of larger units sold in major cities [8][9]