Core Viewpoint - The Hong Kong real estate stocks have generally risen, with notable increases in companies such as China Jinmao and Jianfa International Group, indicating a potential recovery in the market [1] Group 1: Market Performance - Hong Kong real estate stocks saw significant gains, with China Jinmao and Jianfa International Group rising over 4%, and Yuexiu Property increasing by 2.6% [1] - Other companies like Longfor Group, CIFI Holdings, Shimao Group, and R&F Properties also experienced gains exceeding 1% [1] Group 2: Market Outlook - Huatai Securities' research report suggests that the foundation for a medium to long-term stabilization in the real estate market is being established, although full recovery will take time [1] - The report outlines potential policy directions for the second half of the year, including stabilizing housing price expectations, effectively stimulating home-buying demand, optimizing land acquisition to reduce inventory, and focusing on funding sources for urban renewal [1] Group 3: Investment Recommendations - Huatai Securities favors the recovery pace in core cities, particularly first-tier cities, and continues to recommend developers with "good credit, good cities, and good products" [1] - The report also highlights the attractiveness of leading property management companies with stable dividends and performance, as well as local Hong Kong real estate stocks benefiting from asset revaluation [1]

Group 1 - The core point of the article is that Rongxin China disclosed its unaudited operating brief for July, indicating a total contract sales amount of approximately 462 million yuan [1] - The total contracted building area reported is about 39,200 square meters [1] - The average contract price is approximately 11,800 yuan per square meter [1]

Group 1 - The total contracted sales amount of the company is approximately RMB 462 million for the month ending July 2025 [1] - The total contracted construction area of the company is approximately 39,159 square meters for the month ending July 2025 [1] - The average contracted selling price of the company is approximately RMB 11,806 per square meter for the month ending July 2025 [1] Group 2 - The total contracted sales amount of the company is approximately RMB 2.57 billion for the seven months ending July 31, 2025 [1] - The total contracted construction area of the company is approximately 226,700 square meters for the seven months ending July 31, 2025 [1] - The average contracted selling price of the company is approximately RMB 11,336 per square meter for the seven months ending July 31, 2025 [1]

Summary of Key Points Core Viewpoint - The announcement from融信中国 indicates significant sales figures and average contract prices for the upcoming period, reflecting the company's performance in the real estate market [1]. Sales Performance - As of July 2025, the total contract sales amount to approximately RMB 462,309,911 [1] - For the seven months ending July 31, 2025, the total contract sales reached approximately RMB 2,570,315,298 [1]. Construction Area - The total contracted construction area as of July 2025 is about 39,159 square meters [1]. - For the seven months ending July 31, 2025, the total contracted construction area is approximately 226,737 square meters [1]. Average Contract Price - The average contract price per square meter as of July 2025 is approximately RMB 11,806 [1]. - For the seven months ending July 31, 2025, the average contract price per square meter is approximately RMB 11,336 [1].

Ronshine China Holdings Limited 融信中國控股有限公司 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告的內容概不 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 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：3301） 二零二五年七月之未經審核營運數據 融信中國控股有限公司（「本公司」，連 同 其 附 屬 公 司 及 其 聯 合 營 公 司 統 稱 為「本 集 團」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 截 至 二 零 二 五 年 七 月 止 一 個 月，(i)本 集團總合約銷售額約為人民幣462,309,911元；(ii)本集團合約建築面積約為39,159 平 方 米；及(iii)本集團平均合約售價約為每平方米人民幣11,806元。 截 至 二 零 二 五 年 七 月 三 十 一 日 止 七 個 月，(i)本集團總合約銷售額約為人民幣 2,570,315,298元；(ii)本 ...

FF301 公司名稱: 融信中國控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 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 | 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) | 03301 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 38,000,000,000 | HKD | | 0.00001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 38,000,000,000 | HKD | | 0.00001 | ...

Core Insights - The article highlights significant declines in the prices of certain Chinese offshore bonds, particularly those issued by Sunac China Holdings, which saw a daily drop of 36.52% for its USD bond [2][4] Group 1: Bond Performance - The largest decline in the day was observed in the bond SUNSHI 7.5% 4/15/24 issued by Sunac China Holdings, which fell to a price of 0.18 [2] - Other notable bonds include SUNSHI 10.25% 9/15/22, which decreased to 0.19, and JOYY 1.375% 6/15/26, which is priced at 69.63 [4] - The bond prices of several other companies, such as China Aoyuan Group and Shimao Group, also reflect varying levels of performance, with Shimao's bonds priced at 4.24 [4] Group 2: Market Context - The data is sourced from the China Economic Society's enterprise foreign debt risk monitoring system, indicating a broader trend in the offshore bond market [2][4] - The report is updated as of 2025, suggesting ongoing monitoring of these financial instruments [2][4]

美银证券此前发表研究报告称，预期今年上半年的行业盈利将同比下降25%，但由于存货减值幅度收 窄，预计全年盈利下降幅度将收窄至13%，又预计上半年开发利润率将下降1个百分点，平均值为 11%。该行计及第二季行业表现逊于预期后，将开发商今年的合同销售预测下调5%，意味着在高基数 下，下半年将同比下降16%。该行预计，受到利润率复苏所支持，该行预计2027财年内房行业盈利将会 复苏，但由于合同销售的复苏不稳，将2027年行业盈利预测下调3%，行业平均目标价相应下调约3%。 本文源自：智通财经网 智通财经获悉，内房股跌幅居前，截至发稿，融创中国(01918)跌6.06%，报1.55港元；新城发展(01030) 跌5.64%，报2.51港元；融信中国(03301)跌3.81%，报0.202港元；富力地产(02777)跌2.15%，报0.91港 元。 消息面上，7月30日，中央政治局召开会议。国盛证券指出，房地产领域本次工作提及篇幅较少，仅强 调要"落实好中央城市工作会议精神，高质量开展城市更新"。6月房地产销售面积同比继续回落，销售 走弱之后，房地产投资仍在收缩，房地产投资累计同比继续下跌至11.2%，跌幅较上月扩大0 ...

Group 1 - The real estate stocks have seen significant declines, with Sunac China down 6.06% to HKD 1.55, New World Development down 5.64% to HKD 2.51, and others following suit [1] - The Central Political Bureau meeting on July 30 emphasized the need to implement the spirit of the Central Urban Work Conference, focusing on high-quality urban renewal, with limited mention of the real estate sector [1] - Real estate sales area continued to decline year-on-year in June, with cumulative investment in real estate down 11.2%, a 0.5 percentage point increase in the decline compared to the previous month [1] Group 2 - Bank of America Securities predicts a 25% year-on-year decline in industry profits for the first half of the year, but expects the annual decline to narrow to 13% due to reduced inventory impairment [2] - The average development profit margin is expected to decrease by 1 percentage point to 11%, with a 5% downward adjustment in contract sales forecasts for developers, indicating a 16% year-on-year decline in the second half [2] - The firm anticipates a recovery in the real estate industry's profits by fiscal year 2027, but has lowered the profit forecast by 3% due to unstable contract sales recovery, resulting in a corresponding 3% decrease in average target prices [2]

智通财经APP获悉，内房股跌幅居前，截至发稿，融创中国(01918)跌6.06%，报1.55港元；新城发展 (01030)跌5.64%，报2.51港元；融信中国(03301)跌3.81%，报0.202港元；富力地产(02777)跌2.15%，报 0.91港元。 消息面上，7月30日，中央政治局召开会议。国盛证券指出，房地产领域本次工作提及篇幅较少，仅强 调要"落实好中央城市工作会议精神，高质量开展城市更新"。6月房地产销售面积同比继续回落，销售 走弱之后，房地产投资仍在收缩，房地产投资累计同比继续下跌至11.2%，跌幅较上月扩大0.5个百分 点。根据本次会议内容，房地产领域后续的政策举措或将重点在于托底，帮助房地产市场企稳态势，政 策端包括增加"城市更新"、"城中村和危旧城改造"等潜在需求。 美银证券此前发表研究报告称，预期今年上半年的行业盈利将同比下降25%，但由于存货减值幅度收 窄，预计全年盈利下降幅度将收窄至13%，又预计上半年开发利润率将下降1个百分点，平均值为 11%。该行计及第二季行业表现逊于预期后，将开发商今年的合同销售预测下调5%，意味着在高基数 下，下半年将同比下降16%。该行预计，受到利润 ...