Core Insights - The top three companies with the highest short positions as of January 9 are Vanke Enterprises (02202), Dongfang Electric (01072), and COSCO Shipping Holdings (01919), with short ratios of 18.74%, 17.39%, and 16.49% respectively [1][2] - The companies with the largest absolute increase in short positions are Goldwind Technology (02208), Zhaoyan New Drug (06127), and Jingtai Holdings (02228), with increases of 6.84%, 2.14%, and 1.85% respectively [1][2] - The companies with the largest absolute decrease in short positions are COSCO Shipping Energy (01138), Sanhua Intelligent Control (02050), and Huahong Semiconductor (01347), with decreases of -1.77%, -0.80%, and -0.71% respectively [1][3] Top 10 Short Positions - Vanke Enterprises (02202) has a short position of 413 million shares, representing a short ratio of 18.74% [2] - Dongfang Electric (01072) has a short position of 70.93 million shares, with a short ratio of 17.39% [2] - COSCO Shipping Holdings (01919) has a short position of 475 million shares, with a short ratio of 16.49% [2] - Other notable companies in the top 10 include Heng Rui Medicine (01276) at 15.19% and Ping An Insurance (02318) at 14.74% [2] Largest Increases in Short Positions - Goldwind Technology (02208) saw its short ratio increase from 4.35% to 11.18%, an increase of 6.84% [2] - Zhaoyan New Drug (06127) increased from 6.65% to 8.79%, an increase of 2.14% [2] - Jingtai Holdings (02228) increased from 3.34% to 5.19%, an increase of 1.85% [2] Largest Decreases in Short Positions - COSCO Shipping Energy (01138) decreased from 7.11% to 5.34%, a decrease of -1.77% [3] - Sanhua Intelligent Control (02050) decreased from 6.52% to 5.72%, a decrease of -0.80% [3] - Huahong Semiconductor (01347) decreased from 4.85% to 4.13%, a decrease of -0.71% [3]

每经AI快讯，港股内房股涨幅居前，截至发稿，雅居乐集团(03383.HK)涨4.84%，报0.325港元；富力地 产(02777.HK)涨3.92%，报0.53港元；融创中国(01918.HK)涨3.45%，报1.2港元；万科企业(02202.HK)涨 2.98%，报3.46港元。 ...

值得注意的是，近日，《求是》杂志刊发《改善和稳定房地产市场预期》文章。国联民生证券发布研报 称，2025年末中央经济工作会议和2026年初《求是》杂志对房地产积极定调后，市场对于房地产政策持 续落地有预期，或带动板块的春季躁动行情。 智通财经APP获悉，内房股涨幅居前，截至发稿，雅居乐集团(03383)涨4.84%，报0.325港元；富力地产 (02777)涨3.92%，报0.53港元；融创中国(01918)涨3.45%，报1.2港元；万科企业(02202)涨2.98%，报3.46 港元。 消息面上，据第一财经报道，近日有消息称，监管部门对房地产融资协调机制下发最新的政策指导。核 心是对已经进入融资协调机制"白名单"的项目，符合一定条件和标准的，可在原贷款银行进行展期。第 一财经记者从多方消息源核实，该政策属实。 ...

本文源自：金融界AI电报 港股内房股集体走强，金辉控股(09993.HK)涨超13%，融创中国(01918.HK)涨超5%，万科企业 (02202.HK)、富力地产(02777.HK)、碧桂园(02007.HK)等跟涨。 ...

Core Insights - The real estate market in China shows signs of recovery as 13 out of 18 reported companies achieved month-on-month sales growth in December 2025, with notable performances from companies like China Overseas Land & Investment and China Resources Land [1][2][3] Group 1: Sales Performance - 72.22% of the 18 real estate companies reported month-on-month sales growth as of January 12, 2026, with five companies achieving record monthly sales [1] - China Resources Land led with a monthly sales figure of 410 billion yuan, followed by China Overseas at 398.32 billion yuan and China Merchants Shekou at 258.44 billion yuan [2] - China Overseas achieved a three-month consecutive sales increase, with December sales reaching 398.32 billion yuan, supported by various high-end and affordable housing projects [2][3] Group 2: Yearly Sales Data - Poly Developments topped the 2025 sales chart with 2530.3 billion yuan, despite a 21.67% decline from 2024, maintaining a lead over China Overseas [4] - Other companies in the billion-yuan sales club include China Resources Land, China Merchants Shekou, and Greentown China, with sales figures of 2336 billion yuan, 1960.09 billion yuan, and 1534 billion yuan respectively [4] Group 3: Market Dynamics - The recovery in sales is expected to stabilize market confidence and alleviate buyer hesitation, contributing to a positive growth outlook for the real estate sector [3] - Companies like Sunac China and Country Garden, despite facing operational challenges, remain in the top sales rankings, with 368.4 billion yuan and 330 billion yuan in sales respectively [5] Group 4: Land Acquisition Strategies - Leading companies are focusing on land acquisition in first and second-tier cities, with China Overseas reporting 60.6% of its sales from major cities [6][7] - Poly Developments has shifted its land acquisition strategy, increasing investments in Shanghai while reducing its presence in Beijing, with significant spending in Guangzhou [6][7]

Core Insights - The real estate market in China shows signs of recovery as 13 out of 18 reported companies achieved month-on-month sales growth in December 2025, with notable performances from companies like China Overseas Land & Investment and China Resources Land [1][3][4] - Poly Developments maintained its leading position in annual sales for 2025, despite a year-on-year decline, with a total sales figure of 2530.3 billion yuan, outperforming China Overseas Land by 17.98 billion yuan [1][6] - The trend of increasing sales among major real estate firms is expected to stabilize market confidence and alleviate buyer concerns, contributing to a positive outlook for the industry [4][6] Sales Performance - In December 2025, China Resources Land led with sales of 410 billion yuan, followed by China Overseas Land at 398.32 billion yuan and China Merchants Shekou at 258.44 billion yuan [3] - The sales growth rates for December 2025 were significant, with Sunac China experiencing a 163.39% increase due to a low base in November, while other firms like China Overseas Land and China Resources Land also reported substantial growth rates of 79.14% and 78.26% respectively [4] Market Dynamics - The competitive landscape among top real estate firms has stabilized, with Poly Developments focusing heavily on the Guangzhou market, investing 648.24 billion yuan from 2023 to 2025, compared to 265.02 billion yuan in Beijing and 359.27 billion yuan in Shanghai [1][9] - The second-tier firms (500 billion to 1 trillion yuan) averaged sales of 646.4 billion yuan, while third-tier firms (300 billion to 500 billion yuan) averaged 381.3 billion yuan, indicating a diverse recovery across different company sizes [7] Strategic Adjustments - Major firms are adjusting their land acquisition strategies, with a focus on first and second-tier cities. For instance, China Overseas Land's sales in major cities accounted for 60.6% of its total sales, while Poly Developments has also shifted its focus towards Shanghai, increasing its land acquisition there significantly [8][9] - The overall trend indicates that while some firms are facing challenges, others are leveraging their strong market positions and operational capabilities to navigate the current landscape effectively [6][7]

Core Insights - The real estate market in China is showing signs of recovery as 13 out of 18 reported companies achieved month-on-month sales growth in December 2025, with notable performances from companies like China Overseas Land & Investment and China Resources Land [1][3][4] - Poly Developments maintained its leading position in 2025 with a total sales figure of 2530.3 billion yuan, despite a year-on-year decline of 21.67% compared to 2024 [6] - The trend of increasing sales is expected to stabilize market confidence and alleviate buyer concerns, contributing to a positive outlook for the industry [4][7] Company Performance - Poly Developments led the sales with 2530.3 billion yuan, followed by China Overseas at 2512.32 billion yuan, and China Resources Land at 2336 billion yuan [6][7] - In December 2025, China Resources Land achieved a sales figure of 410 billion yuan, while China Overseas reached 398.32 billion yuan, and China Merchants Shekou reported 258.44 billion yuan [3][4] - Companies like Sunac China and Country Garden, despite facing operational challenges, remained in the top ranks with sales of 368.4 billion yuan and 330 billion yuan respectively [7] Market Trends - The recovery in sales is uneven across different tiers of companies, with Sunac China showing a significant month-on-month increase of 163.39% in December due to a low base in November [4] - The second-tier companies (sales between 500 billion to 1000 billion yuan) averaged 646.4 billion yuan, while the third-tier (300 billion to 500 billion yuan) averaged 381.3 billion yuan [7] - The focus on land acquisition in first and second-tier cities is evident, with companies like China Overseas and Poly Developments significantly increasing their investments in these areas [8][9] Strategic Adjustments - Poly Developments has shifted its land acquisition strategy, increasing its focus on Shanghai while reducing investments in Beijing, with land payments in Shanghai surpassing those in Beijing in recent years [9] - The overall strategy of major companies emphasizes deepening land reserves in key urban areas, which is crucial for sustaining sales performance [8][9]

随着2025年全国保交房任务全面收官，融创中国保交付工作正式宣告基本完成。数据显示，2022年至2025年间，融创累计交付房源超72万套，覆盖全国101 座城市，其中2025年交付5.4万套，2022年至2024年分别交付18.6万套、31.2万套和17万套，在行业深度调整期交出了规模与品质兼具的交付答卷，为房企脱 困转型提供了实践样本。 业内普遍认为，全国保交房任务的全面完成，标志着行业从"应急攻坚"向"常态提质"跃迁，产品力与服务力已成为房企实现稳健发展的核心逻辑。对于融创 而言，保交房任务的收官为企业回归正常经营奠定坚实基础。据了解，2026年融创将在北京、上海、天津、武汉等核心城市推进多个TOP级项目的品质交 付，进一步恢复市场信心，巩固高端住宅市场竞争力，加速回归健康经营正循环。 "面对行业深度调整期的复杂考验，融创全力以赴实现保质保量交付，充分展现出企业的经营韧性，也为众多房企从困难中走出来提供了重要样本。"一位业 内分析人士向记者表示。 据悉，融创超72万套交付任务的顺利落地，核心得益于"政企银"协同机制的有效运转与企业内部的高效推进。在外部协作层面，融创与各地政府专班、金融 机构保持高频对接， ...

Core Insights - The Ministry of Housing and Urban-Rural Development reported that over 7.5 million sold but undelivered housing units have been delivered, signaling a positive market outlook and laying a solid foundation for high-quality industry development [1] Group 1: Company Performance - Sunac China Holdings Limited has successfully delivered 54,000 units in 2025, with cumulative deliveries of 186,000, 312,000, and 170,000 units from 2022 to 2024, totaling over 720,000 units in four years [1] - The company has demonstrated operational resilience during a challenging industry adjustment period, serving as a crucial example for other real estate firms to navigate difficulties [1] Group 2: Collaborative Efforts - Sunac's successful delivery is attributed to strong collaboration with government agencies and financial institutions, implementing a "government-enterprise-bank" cooperative model to facilitate project financing and quality supervision [1] - The company has adopted a top-down approach to ensure accountability and resource mobilization for challenging projects, employing a "one plan, one strategy" management style to meet engineering progress and quality standards [2] Group 3: Quality and Customer Experience - Sunac has focused on enhancing community experience and aesthetic quality, actively engaging with homeowners through multiple feedback sessions to improve project delivery details [2] - The delivery of projects like the Sunac Wangjiangfu in Xi'an has received positive recognition from homeowners, highlighting the company's commitment to exceeding expectations and fostering a collaborative environment with clients [3] Group 4: Industry Outlook - The successful delivery of millions of housing units marks a transition in the industry from emergency responses to a focus on quality improvement, emphasizing product and service capabilities as key drivers for sustainable growth [3] - With the completion of its delivery tasks, Sunac is positioned to restore market confidence and strengthen its competitive advantage in the high-end residential market, paving the way for a return to healthy operational cycles [3]

历时四年，覆盖全国101城，累计超72万套交付，融创方面表示，"保交付"工作能够成功落地，得益于 多方合力打造的稳固保障。销售方面，2025年12月，该集团实现合同销售金额约人民币29.5亿元，同比 增加68.57%，合同销售面积约27.2万平方米，合同销售均价约人民币10850元/平方米。 值得一提的是，融创中国境外债务重组计划已于去年12月底起正式生效，该集团各项经营工作正全面提 速，其土储规模依旧庞大。财报显示，截至2025年6月末，该公司连同合营企业及联营公司的总土地储 备约1.24亿平方米，约七成位于一、二线城市。其中，未售土地储备约0.92亿平方米，充足的土地储备 是支撑该集团未来逐步恢复经营的基础。 来源：北京日报客户端 转自：北京日报客户端 1月12日，记者从融创中国获悉，2025年，该集团实现新房交付5.4万套，2022年至2024年分别交付18.6 万套、31.2万套和17万套，四年累计交付量突破72万套。至此，该公司"保交付"工作基本收官。 中指研究院企业研究总监刘水表示，"保交付"是融创之前的首要工作，也是评估其经营是否步入正轨的 核心指标，"这项工作的顺利完成，对于恢复市场信心、维持 ...