Group 1: Domestic News - The State Council issued an opinion to support qualified sports enterprises in listing, refinancing, issuing bonds, and asset securitization, aiming to enhance the financing services for the sports industry [2] - The Ministry of Industry and Information Technology and the State Administration for Market Regulation released a plan to promote high-quality development in the photovoltaic sector, focusing on eliminating low-price competition and guiding local industries [3] - As of September 3, 537 special bond storage projects have been implemented nationwide, with a total scale of 146.6 billion yuan, primarily supporting the acquisition of existing residential properties [3] Group 2: International News - The US ISM Services PMI for August rose to 52, exceeding expectations, with the new orders index increasing significantly, indicating robust service sector activity despite a contraction in employment [4] - The ADP employment report for August showed a significant slowdown in job growth, with only 54,000 jobs added, reinforcing expectations for a potential interest rate cut by the Federal Reserve [5] Group 3: Commodity Market - International crude oil prices fell, with WTI and Brent crude down by 0.76% and 0.90% respectively, while natural gas prices continued to rise [6] Group 4: Financial Market - On September 4, the central bank conducted a 7-day reverse repurchase operation of 212.6 billion yuan, with a rate of 1.40%, resulting in a net withdrawal of 203.6 billion yuan for the day [7] - The overall funding situation remained balanced and slightly loose, with DR001 and DR007 rates rising to 1.315% and 1.449% respectively [8] Group 5: Bond Market Dynamics - The bond market showed weak fluctuations, with the yield on the 10-year government bond rising to 1.7535% [10] - The secondary market for credit bonds experienced significant price deviations, with "H9 Long Control 01" dropping over 12% and "H1 Bi Di 01" increasing over 599% [12] Group 6: Convertible Bonds - The convertible bond market followed the equity market downwards, with major indices declining, and trading volume increasing to 89.164 billion yuan [14] - Several convertible bonds announced adjustments to their conversion prices, with some opting not to adjust [16]

ab 1 September 2025 Global Research First Read China Property Top 100 developers' sales decline narrowed in August Sales decline narrowed in August Top 100 developers' contract sales declined by 19% YoY in August 2025, narrowing from 25% in July2025. On a sequential basis, top 100 developers' contract sales declined by 4% MoM, similar to historical MoM level between 2020 and 2024. The sales decline is in line with feedback we've received from developers, ie physical market remain weak. We think the recent e ...

Summary of Key Points Core Viewpoint - Country Garden Services has been actively repurchasing its shares, indicating a strategy to support its stock price amid recent declines [2][3]. Share Buyback Details - On September 4, the company repurchased 600,000 shares at a price range of HKD 6.370 to HKD 6.400, totaling HKD 3.831 million [2]. - The stock closed at HKD 6.370 on the same day, reflecting a decrease of 0.78%, with a total trading volume of HKD 113 million [2]. - Since September 2, the company has conducted buybacks for three consecutive days, accumulating a total of 1.6 million shares repurchased for a total amount of HKD 10.259 million, during which the stock price fell by 2.00% [2]. Year-to-Date Buyback Activity - Year-to-date, the company has executed 28 buybacks, totaling 10.689 million shares and an aggregate amount of HKD 69.449 million [3]. - A detailed breakdown of recent buybacks shows varying amounts and prices, with the highest buyback price recorded at HKD 6.700 and the lowest at HKD 6.210 [4].

Core Viewpoint - Country Garden Services (06098) announced a share buyback plan, indicating confidence in its stock value and potential for future growth [1] Group 1: Share Buyback Details - The company plans to repurchase 600,000 shares at a total cost of HKD 3.831 million [1] - The buyback price per share ranges from HKD 6.37 to HKD 6.40 [1]

智通财经APP讯，碧桂园服务(06098)发布公告，于2025年9月4日斥资383.1万港元回购股份60万股，每 股回购价格为6.37-6.4港元。 ...

Group 1: Real Estate Land Supply - Beijing has released a list of 8 plots of land for residential use, covering approximately 27 hectares and a building scale of about 630,000 square meters, which will be supplied in the near future [1] - The land plots are located near transit stations in areas with strong market demand and well-developed infrastructure and public services [1] - The distribution includes 1 plot in the core area (Dongcheng District), 2 plots in the central urban area (Chaoyang District), and 5 plots in sub-centers and plain areas (Tongzhou, Shunyi, Changping, Daxing, and Fangshan Districts) [1] Group 2: Company Sales Performance - Gindal Group reported a contract sales amount of 2.22 billion yuan in August, a year-on-year decrease of 58.89%, with a signed area of 180,000 square meters, down 51.87% year-on-year [2] - Country Garden disclosed a contract sales amount of approximately 2.96 billion yuan in August, with a sales area of about 350,000 square meters [3] Group 3: Bond Issuance and Interest Payment - Poly Development announced the interest payment details for its corporate bond "24 Poly 07," which has a total issuance of 500 million yuan and a term of 7 years, with a coupon rate of 2.5% [4] - The interest payment date is set for September 10, with a distribution of 25 yuan (including tax) per bond [4] Group 4: Market Expansion of Property Companies - In August, the top 50 property companies added a total contract area of approximately 54.9 million square meters, indicating continued expansion among leading firms [5] - The average new contract area for these top 50 companies was 1.1 million square meters, while the third-party market expansion area totaled 47.14 million square meters, averaging 940,000 square meters [5]

Core Insights - Country Garden (stock code: 02007) reported its sales performance for August 2025, indicating a significant level of sales activity [1] Sales Performance - The contract sales amount attributable to shareholders of the company was approximately RMB 2.96 billion [1] - The contract sales area attributable to shareholders of the company was around 350,000 square meters [1] - This sales data reflects Country Garden's market performance for the month, suggesting that its sales dynamics and overall operational status warrant ongoing attention [1]

（AI撰文，仅供参考） Ai快讯 2025年9月3日，碧桂园服务（股份代码：06098）发布一则公告。公告显示，该公司于当日斥资 391.38万港元进行股份回购，回购股份数量达60.9万股。此次股份回购行动体现了碧桂园服务对自身发 展的信心与积极管理策略，后续公司的市场表现值得进一步关注。 ...

证券时报·数据宝统计，碧桂园服务在港交所公告显示，9月3日以每股6.420港元至6.430港元的价格回购 60.90万股，回购金额达391.38万港元。该股当日收盘价6.420港元，下跌0.31%，全天成交额6492.97万 港元。 自9月2日以来公司已连续2日进行回购，合计回购100.00万股，累计回购金额642.79万港元。 其间该股 累计下跌1.23%。 今年以来该股累计进行27次回购，合计回购1008.90万股，累计回购金额6561.77万港元。（数据宝） 碧桂园服务回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.09.03 | 60.90 | 6.430 | 6.420 | 391.38 | | 2025.09.02 | 39.10 | 6.430 | 6.430 | 251.41 | | 2025.07.09 | 30.00 | 6.560 | 6.560 | 196.80 | | 2025.07.08 | 20.10 | 6.640 | 6.640 ...

北京商报讯(记者王寅浩李晗)9月3日，碧桂园披露8月未经审核经营简报。简报显示，8月碧桂园及其附 属公连同其合营公司和联营公司共实现归属公司股东权益的合同销售金额约29.6亿元，归属公司股东权 益的合同销售建筑面积约35万平方米。 ...