Group 1: Domestic News - The 2026 Central Document was released, focusing on agricultural modernization and rural revitalization, emphasizing the need for reforms in rural collective property rights and controlling new village-level debts [2] - The document encourages the use of special bonds and long-term treasury bonds to support major projects in agriculture and rural areas, enhancing the effectiveness of financial support for agriculture [2] Group 2: Monetary Policy - The central bank announced an increase in the amount of 3-month reverse repos, conducting an operation of 800 billion yuan, resulting in a net injection of 100 billion yuan after accounting for maturing repos [3] - The central bank's Shanghai headquarters is actively promoting financial reforms in the free trade zone, aiming to enhance cross-border financial services and the convenience of cross-border RMB business [3] Group 3: International News - The U.S. House of Representatives approved a funding bill to end a partial government shutdown, with a vote of 217 to 214, sending the bill to the President for signature [4] - Despite the approval, a funding shortfall risk remains, particularly for the Department of Homeland Security, which has funding only until February 13 [4] Group 4: Commodity Market - International crude oil prices rose, with WTI crude up 1.72% to $63.21 per barrel and Brent crude up 1.56% to $67.33 per barrel [5] - Gold futures increased by 6.94% to $4975.30 per ounce, while natural gas prices rose by 3.49% to $3.377 per million British thermal units [5] Group 5: Bond Market Dynamics - The bond market showed mixed performance, with short-term bonds weaker and medium to long-term bonds slightly stronger; the yield on the 10-year government bond fell by 0.40 basis points to 1.8110% [9] - The central bank conducted a 7-day reverse repo operation with a total of 1055 billion yuan at a rate of 1.40%, resulting in a net withdrawal of 2965 billion yuan due to maturing repos [6][7] Group 6: Credit Bonds - No credit bonds showed price deviations exceeding 10% on February 3, indicating stable trading conditions in the secondary market [11] - Companies like Zhongjun Group and Yida China are facing financial difficulties, with Zhongjun unable to repay a bond and Yida receiving a lawsuit for debt recovery [11][12] Group 7: Convertible Bonds - The convertible bond market saw a collective rebound, with major indices rising between 2.51% and 2.79%, and trading volume increasing significantly [13] - Notable individual bonds like Baichuan Convertible Bond surged over 17%, while some bonds experienced declines, such as Huazheng Convertible Bond, which fell over 4% [14] Group 8: Overseas Bond Market - U.S. Treasury yields showed mixed movements, with the 10-year yield down 1 basis point to 4.28%, while the 2-year yield remained unchanged at 3.57% [16] - European government bond yields generally increased, with Germany's 10-year yield rising by 2 basis points to 2.89% [18]

Group 1 - The core viewpoint of the article highlights a significant rise in Hong Kong property stocks, with Longfor Group (03380.HK) increasing by over 20% and Sunac China (01918.HK) rising by over 10% [1] - Other property stocks such as Country Garden (02007.HK), Yuexiu Property (00123.HK), China Resources Land (01109.HK), Agile Group (03383.HK), R&F Properties (02777.HK), and Vanke (02202.HK) also experienced upward movement [1]

本文源自：金融界AI电报 港股内房股持续走高，龙光集团(03380.HK)涨超20%，融创中国(01918.HK)涨超10%，碧桂园 (02007.HK)、越秀地产(00123.HK)、华润置地(01109.HK)、雅居乐集团(03383.HK)、富力地产 (02777.HK)、万科企业(02202.HK)等个股跟涨。 ...

（文章来源：每日经济新闻） 每经AI快讯，港股内房股再度走高。截至发稿，绿城中国(03900.HK)涨6.45%，报11.22港元；融创中国 (01918.HK)涨6.19%，报1.2港元；中国金茂(00817.HK)涨6.71%，报1.75港元；新城发展(01030.HK)涨 4.44%，报2.59港元。 ...

融创中国公告，于2026年1月27日，根据于2025年12月23日发行2026年到期的零票息强制可转换债券 ("强制可转换债券1")配发及发行约8.99亿股新股。 香港联交所最新资料显示，2月2日，融创中国(01918)股东将股票存入花旗银行，存仓市值16.49亿港 元，占比8.42%。 ...

融创中国公告，于2026年1月27日，根据于2025年12月23日发行2026年到期的零票息强制可转换债券 ("强制可转换债券1")配发及发行约8.99亿股新股。 智通财经APP获悉，香港联交所最新资料显示，2月2日，融创中国(01918)股东将股票存入花旗银行，存 仓市值16.49亿港元，占比8.42%。 ...

每经AI快讯，内房股继续走低。截至发稿，融信中国(03301.HK)跌6.21%，报0.136港元；新城发展 (01030.HK)跌6.13%，报2.45港元；融创中国(01918.HK)跌4.13%，报1.16港元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The second-hand housing market in core cities has shown signs of recovery, with the top 100 real estate companies achieving a sales turnover of 165.45 billion yuan in January 2026, indicating a positive trend in the market [1][16][17]. Group 1: Sales Performance - The top 100 real estate companies achieved a sales turnover of 165.45 billion yuan in January 2026, which is a significant performance indicator for the industry [16][17]. - Among the top 100 companies, 32 reported year-on-year growth in sales, with 10 companies experiencing growth rates exceeding 100% [26][27]. - Notably, companies like Junyi Holdings and Bontai Group saw substantial increases in sales, attributed to strategic investments made since 2021 [28][29]. Group 2: Market Trends - The new housing market is experiencing a slowdown, while the second-hand housing market is showing signs of recovery, with a 16% month-on-month increase in transaction volume for second-hand homes in key cities [31][32]. - The central government has introduced various supportive policies aimed at revitalizing the real estate market, including financial support measures and tax incentives, which are expected to stimulate demand, particularly in the second-hand housing sector [33]. Group 3: Company Rankings - In January 2026, the top companies by sales included Poly Development (15.6 billion yuan), China Overseas Property (14.48 billion yuan), and China Resources Land (11.65 billion yuan) [8]. - Seven new companies entered the top 100 list, with CITIC City Development making a notable entry into the top 30 [23][24]. Group 4: Policy Impact - The government has focused on urban renewal and financing optimization, which are expected to enhance the market's stability and encourage investment in real estate [33]. - The central bank's monetary policy adjustments, including a reduction in the re-lending rate and changes to down payment requirements for commercial properties, are designed to alleviate financial pressures on real estate companies [33].

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Nanhua Futures (02691) saw the largest increase in holdings, up by 4.45% to a total of 10.44% [2]. - Junshi Biosciences (01877) experienced a 2.39% increase, bringing its total holding to 55.84% [2]. - Lion Group (02562) had a 2.21% increase, resulting in a holding of 53.31% [2]. - Other notable increases include Haotian International Investment (01341) at +1.61% (67.02%) and Junda Co., Ltd. (02865) at +1.43% (59.68%) [2]. Group 2: Companies with Decreased Holdings - Yihua Tong (02402) reported the largest decrease, down by 2.06% to 28.06% [2]. - Shandong Molong (00568) saw a reduction of 1.99%, with a current holding of 58.26% [2]. - Jihong Co., Ltd. (02603) decreased by 1.27%, now holding 57.37% [2]. - Other significant decreases include China Merchants Hengsheng Technology (03423) at -0.85% (3.15%) and CIFI Holdings Group (00884) at -0.82% (9.03%) [2]. Group 3: Five-Day Changes in Holdings - Junda Co., Ltd. (02865) had the highest five-day increase at +12.13%, reaching 59.68% [3]. - Nanhua Futures (02691) increased by 9.08% to 10.44% [3]. - Other notable increases include Baidu Biotechnology-B (02315) at +3.13% (22.65%) and Junshi Biosciences (01877) at +2.77% (55.84%) [3]. Group 4: Twenty-Day Changes in Holdings - Junda Co., Ltd. (02865) also led the twenty-day increase with +27.85%, holding 59.68% [4]. - Baidu Biotechnology-B (02315) increased by +14.85% to 22.65% [4]. - Other significant increases include Zhongwei New Materials (02579) at +11.72% (16.27%) and Youjia Innovation (02431) at +8.62% (14.46%) [4].

Group 1 - On January 29, 2026, Alibaba-W (09988), CNOOC (00883), and SMIC (00981) were the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 3.175 billion, 2.764 billion, and 2.555 billion respectively [1] - In the Southbound Stock Connect, Alibaba-W (09988), Tencent Holdings (00700), and CNOOC (00883) were the top three companies by trading volume in the Shenzhen-Hong Kong Stock Connect, with transaction amounts of 1.847 billion, 1.779 billion, and 1.669 billion respectively [1] Group 2 - The top active companies in the Southbound Stock Connect included Alibaba-W (09988) with a transaction amount of 3.175 billion and a net buy of -248 million, CNOOC (00883) with a transaction amount of 2.764 billion and a net buy of -686 million, and SMIC (00981) with a transaction amount of 2.555 billion and a net buy of -81.725 million [2] - In the Shenzhen-Hong Kong Stock Connect, the top active companies included Alibaba-W (09988) with a transaction amount of 1.847 billion and a net buy of -82.154 million, Tencent Holdings (00700) with a transaction amount of 1.779 billion and a net buy of 296 million, and CNOOC (00883) with a transaction amount of 1.669 billion and a net buy of 572 million [2]