来源：环球网 ·住建部部长倪虹：下功夫建设好房子 ·住建部等九部门：编制智能化市政基础设施建设和改造行动计划 ·北京住房租赁企业税收新政出台 ·成都发布公积金新政 取消本市缴存限制 ·苏州相城两宗低密宅地底价成交 总成交金额6.61亿元 ·杭州滨江宅地溢价近20%成交 ·北京发布今年第八轮拟供商品住宅用地清单 ·上海八批次土拍推出6宗地块 总起价184.95亿元 ·中建·运河玖院9月热销448套 ·北京城建·玺院人文实景示范区开放 ·辛杰辞任万科董事长 深铁集团黄力平接任 ·融创债务重组计划获98.5%债权人投赞成票 ·多家房企发布前9月销售业绩 1.住建部部长倪虹：下功夫建设好房子 10月13日，《学习时报》刊发住房和城乡建设部党组书记、部长倪虹署名文章《新时代新征程城市工作 要识变应变求变》。文章提出，要在标准、设计、材料、建造、维护等方面系统发力，把新房子建设成 为安全、舒适、绿色、智慧的好房子，同时把老房子改造成为好房子。持续推进城镇老旧小区改造，实 施物业服务质量提升行动，解决加装电梯、停车、充电等难题。推动新型城市基础设施建设，加快老旧 管线改造升级，因地制宜建设综合管廊，推进城市基础设施生命线安 ...

继限高"一日游"后，万达集团及王健林再次因为一起诉讼引发关注。因一桩陈年的合作纠纷，万科将万 达及王健林告上法庭。企查查信息显示，海南万骏管理服务有限公司因合同纠纷起诉王健林、大连万达 集团股份有限公司、万达地产集团有限公司案件将于2025年11月3日在上海市第二中级人民法院开庭。 据智通财经了解，海南万骏为万科下属公司。此次案件源于2019年双方合作的"长春国际影都"项目，彼 时，万达集团主导开发了该项目，并引入万科合作。而后，万科中途退出，对于投资款项的偿还问题双 方出现分歧，并引发纠纷。 一、从"一见钟情"到对簿公堂 根据企查查信息，海南万骏股权结构显示，目前深圳市盈达投资基金管理有限公司、珠海横琴万骏投资 集团有限公司分别持股70%、30%，二者均为万科旗下企业。 万科与万达的纠葛最早可追溯到2015年。2015年5月14日，万科与万达在北京举行战略合作签约仪式。 双方宣布建立战略合作关系，计划在国内外项目开展深度合作。未来双方合作主要通过联合拿地、合作 开发的形式来进行，即由万达投资项目中商业部分，万科开发项目中住宅部分。 而在此之前，万达就已经开始造势，发布一张海报，内容为："二万，和了。5月14 ...

Core Viewpoint - The ongoing legal dispute between Vanke and Wanda Group, stemming from a collaboration on the "Changchun International Film City" project, highlights the financial pressures both companies are facing amid a challenging economic environment [1][6][10]. Group 1: Legal Dispute Background - Vanke has filed a lawsuit against Wanda Group and its chairman Wang Jianlin due to a long-standing contractual dispute related to the "Changchun International Film City" project initiated in 2019 [1][6]. - The project involved a partnership where Wanda was responsible for the cultural tourism segment, while Vanke handled the residential part, but Vanke withdrew from the project, leading to disagreements over investment repayments [6][10]. - The lawsuit is set to be heard in Shanghai on November 3, 2025, and follows previous legal actions, including Vanke's attempt to freeze Wanda's shares worth nearly 2 billion [1][6][11]. Group 2: Financial Pressures - Wanda Commercial Management reported a significant debt burden, with interest-bearing liabilities amounting to 137.56 billion yuan, including 30.27 billion yuan due within a year, indicating substantial financial pressure [7][10]. - Vanke is also under financial strain, with short-term borrowings of 23.15 billion yuan and non-current liabilities due within a year reaching 134.71 billion yuan, resulting in a cash shortfall exceeding 88.5 billion yuan [10]. - Both companies are seeking to address their liquidity issues, with Vanke's major shareholder providing substantial loans to alleviate financial pressures [10][11]. Group 3: Historical Context of Collaboration - The partnership between Vanke and Wanda was initially celebrated in 2015, aiming to leverage each other's strengths in residential and commercial real estate development [2][4]. - The collaboration was seen as a strategic move to adapt to the changing real estate market in China, which was shifting towards a more balanced supply-demand dynamic [4][5]. - However, the partnership faced challenges, culminating in Vanke's decision to exit the project and subsequent legal disputes over financial settlements [6][10].

丨证券研究报告丨 行业研究丨行业周报丨房地产 [Table_Title] 地产股阿尔法的四个维度 ——房地产行业周度观点更新 报告要点 [Table_Summary] 虽然周期反转仍需时间和条件，但新房市场在价格补涨和产品迭代的双重逻辑下存在结构性机 会，给予部分优质房企阿尔法。1）从海内外历史经验来看，优质地产股的见底时间远早于大周 期见底，但趋势性上涨有赖于周期反转。2）尽管整体房价仍有压力，但累积下跌幅度总有极限， 房企老库存的预亏并非完全不可测，尤其是老库存城市能级相对偏高的部分房企，存货减值计 提也提供较大缓冲。3）结构性市场下，房企近年来新增土储的去化和盈利相对有保障，具备相 对可靠的价值创造能力。4）部分优质房企不只是开发。 分析师及联系人 [Table_Author] 刘义 侯兆熔 SAC：S0490520040001 SAC：S0490525060001 SFC：BUV416 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Title 地产股阿尔法的四个维度 2] ——房地产行业周度观点更新 [Table_Summary2] 核心 ...

本文自南都·湾财社。 编辑 | 柴华 制图 | 甘丹 一周财经人物（2025年10月13日至10月19日） 头条 79岁曹德旺"退位"，长子接棒！福耀玻璃进入曹晖时代 "玻璃大王"曹德旺宣布提前卸任！福耀玻璃新一任董事长由其长子曹晖担任，这个占据全球汽车玻璃份额达三分之一的"玻璃 王国"，即将进入曹晖时代。 大咖声音 何小鹏谈飞行汽车：未来市场份额会高过汽车！ 10月16日，2025可持续全球领导者大会在上海市黄浦区世博园区召开。小鹏汽车董事长、CEO何小鹏出席并演讲。演讲中，何 小鹏谈到了飞行汽车业务现状及前景时表示，小鹏明年计划真正量产飞行汽车，它的成长速度一定高过汽车，它的未来的市场 份额也将高过汽车。 重磅 辛杰辞职！万科突发公告：黄力平任新董事长 10月13日晚间，南都湾财社记者获悉中国移动、中国联通、中国电信三大运营商同日相继发文称，正式获得开展eSIM手机运 营服务商用试验的批复。截至南都湾财社记者发稿时，联通eSIM业务预约通道页面数据显示，在线预约人数已经超过7万人。 值得一提的是，南都湾财社记者还留意到当天晚上，苹果公司CEO蒂姆·库克在Apple Store抖音官方直播间宣布：全新超薄机 ...

住建部推进新型城市更新，销售环比上升 ——20251017 房地产行业周报 房地产 证券研究报告/行业定期报告 2025 年 10 月 19 日 | 评级： | 增持（维持） | 重点公司基本状况 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 简称 | 股价 | | | EPS | | | | | PE | | | 评级 | | 分析师：由子沛 | | | （元） | 2023A | 2024A | 2025E | 2026E | 2027E | 2023A | 2024A | 2025E | 2026E | 2027E | | | 执业证书编号：S0740523020005 | | 保利发展 | 7.75 | 1.01 | 0.42 | 0.46 | 0.51 | 0.54 | 7.7 | 18.5 | 16.8 | 15.2 | 14.4 | 买入 | | Email：youzp@zts.com.cn | ...

Group 1 - Fuyao Glass's founder, Cao Dewang, has announced his early retirement, with his son, Cao Hui, taking over as the new chairman, marking a new era for the company, which holds a one-third share of the global automotive glass market [6] - He Xiaopeng, CEO of Xiaopeng Motors, stated that the company plans to mass-produce flying cars next year, predicting that the growth rate and future market share of flying cars will surpass that of traditional automobiles [7] Group 2 - Vanke announced the resignation of its chairman, Xin Jie, due to personal reasons, with Huang Liping elected as the new chairman, ensuring that the board's operations remain unaffected [8] - Major Chinese telecom operators, including China Mobile, China Unicom, and China Telecom, have received approval to launch eSIM mobile services, with over 70,000 online reservations reported for China Unicom's eSIM service [9] - Huawei Cloud CEO Zhang Pingan has been demoted due to internal disciplinary actions related to issues of fraud and economic misconduct within the cloud business unit [10] Group 3 - Qian Wenhai is proposed to be appointed as the chairman of Zheshang Securities, with the company set to follow legal procedures for the election [11] - Li Qian has resigned from his position as deputy general manager of GF Securities and chairman of GF Holdings Hong Kong due to personal work changes [12] - Haier Consumer Finance has appointed new leadership, with Zhou Wenlong as the new general manager, amidst a wave of personnel changes in the consumer finance industry [13] - Bosera Funds has announced the appointment of Zhang Dong as the new chairman, who will also serve as the acting general manager [14][15]

Core Viewpoint - The luxury real estate market in Shanghai shows strong demand, particularly for high-end properties, as evidenced by the rapid sales of the "Gao Fu Yun Jing" project, which features large units priced at an average of 21 million yuan per square meter [1] Group 1: Project Details - The "Gao Fu Yun Jing" project, developed by Vanke and Huazhou Real Estate, offers 125 large units ranging from 270 to 600 square meters [1] - The largest 25 units of 600 square meters sold out quickly, with total prices exceeding 1.3 billion yuan, and some units surpassing 1.6 billion yuan [1] Group 2: Buyer Requirements - Individual buyers are required to pay a subscription fee of 7.6 million yuan, while corporate clients face a significantly higher fee of 19 million yuan [1] Group 3: Market Trends - According to Shanghai Yiju Research Institute, the number of new homes sold in Shanghai priced at 30 million yuan and above reached 1,096 units in the first half of 2025, marking the third consecutive year of surpassing 1,000 units [1] - In 2024, this figure is projected to rise to 1,542 units, indicating robust purchasing power for top-tier luxury properties [1]

Core Insights - The luxury real estate market in Shanghai is experiencing a significant surge, highlighted by the recent launch of the "Gao Fu Yun Jing" project, which sold 25 units priced over 1.3 billion yuan, setting a new sales record for luxury apartments in the city [2][3] Group 1: Market Performance - The "Gao Fu Yun Jing" project, developed by Vanke and Huazhou Real Estate, launched 125 luxury apartments with sizes ranging from 270 to 600 square meters, at an average price of 21,000 yuan per square meter [2] - The largest units, 600 square meters each, sold out quickly, with total prices exceeding 1.3 billion yuan, and some units priced over 1.6 billion yuan [2] - In the first half of 2025, Shanghai recorded 1,096 transactions for new homes priced at 30 million yuan and above, marking the third consecutive year of surpassing 1,000 transactions [2] Group 2: Market Trends - The Shanghai real estate market is expected to maintain a stable and positive trend into the fourth quarter of 2025, driven by favorable policies and market confidence [3] - The performance of high-end and luxury projects is particularly strong, indicating sustained demand from high-net-worth individuals for premium assets in core cities [3] - The introduction of more quality land and high-end products is anticipated to further heat up the luxury market in Shanghai, continuing to lead the national high-end residential market [3]

Core Insights - The luxury real estate market in Shanghai is experiencing strong demand, highlighted by the recent launch of the "Gaofuyun Jing" project, which sold 25 units priced over 1.3 billion yuan within hours of opening [2][3] - The project, developed by Vanke and Huazhou Real Estate, offers 125 luxury apartments ranging from 270 to 600 square meters, with an average price of 21,000 yuan per square meter [2][3] - The high entry barriers for buyers, including a deposit of 7.6 million yuan for individuals and 19 million yuan for corporate clients, indicate the exclusivity of the market [3] Market Trends - According to Shanghai Yiju Research Institute, the number of new homes sold in Shanghai priced at 30 million yuan and above reached 1,096 units in the first half of 2025, marking a consistent annual increase [3] - The luxury market in Shanghai is expected to continue its upward trend, driven by favorable policies and strong market confidence, with high-end properties showing particularly strong sales performance [3] - The overall "luxury property boom" across the country, with Shanghai leading, reflects the sustained confidence of high-net-worth individuals in premium assets in core cities [3]