以下文章来源于创业板观察 ，作者李洁 这场诉讼被视为万科与万达之间，通过司法途径展开的博弈。 记者在采访中获悉，双方对簿公堂的原因， 还是因2019年双方在长春合作项目时十几亿元的财务纠纷而起，双方此前在2023年就此事进行 过诉讼。据了解，上次双方诉讼后万达偿还了一部分资金，但并未全部偿还完毕，这成为双方再次产生纠纷的诱因。 合作生变：从联手开发到股权冻结 这场围绕"长春国际影都"项目合作款产生的分歧，在双方均面临流动性压力的背景下，再次成为舆论关注的热点。 创业板观察致力于发布深交所创业板的市场发展、政策变化、监管导向、上市企业动态等的及时信息，提供有价值的市场资讯。 地产巨头万科与万达一度平息的"两万纠纷"，再度被推至台前。 创业板观察 . 企查查信息显示， 原告海南万骏管理服务有限公司与被告王健林、大连万达集团、万达地产集团有限公司相关合同纠纷案将开庭审理，开 庭时间为11月3日，将在上海市第二中级人民法院审理。 值得关注的是，海南万骏实际控制人为万科。 工商资料显示，万科旗下深圳市盈达投资基金管理有限公司以及珠海横琴万骏投资集团有限 公司，分别持有海南万骏管理服务有限公司70%和30%股份。 记者了 ...

Investment Rating - The report indicates a positive investment outlook for the real estate industry, with a total land acquisition amount of 605.6 billion yuan for the top 100 companies, reflecting a year-on-year growth of 28.0% [12][13]. Core Insights - The total land acquisition amount for key real estate companies increased by 28.0% year-on-year, with the growth rate narrowing by 6.3 percentage points compared to the previous month [6][12]. - High-value land parcels are primarily concentrated in Shenzhen and the Yangtze River Delta region, indicating a trend towards premium land acquisition in these areas [6][28]. - The top three companies in terms of new value added are Greentown China, Poly Developments, and China Overseas Land & Investment, with new values of 114.4 billion yuan, 99.6 billion yuan, and 92.3 billion yuan respectively [9][16]. Summary by Sections Land Acquisition - The top 100 real estate companies acquired a total of 605.6 billion yuan in land from January to August 2025, with a significant contribution from state-owned enterprises [12][13]. - The land acquisition amount for the top 10 companies accounted for 43.6% of the total new value added in the same period [16]. Market Trends - The report highlights that many previously unsold and stored land parcels are being re-offered through regulatory adjustments, which have gained market acceptance [17]. - The regulatory adjustments mainly involve lowering the plot ratio and commercial ratio, thereby increasing the attractiveness of the land parcels [17][19]. Regional Insights - The Yangtze River Delta region leads in land acquisition, with the top 10 companies acquiring 182.4 billion yuan, followed by the Beijing-Tianjin-Hebei region with 89.6 billion yuan [21]. - In major cities, state-owned and local government enterprises remain the primary players in land acquisition, with private enterprises supplementing in key areas [25].

以下文章来源于深水财经社 ，作者倪大九 深水财经社 . 挖掘资本市场价值，揭开资本市场内幕。 导语：早年能跟"九哥"搭上关系，在圈子里足够吹嘘很久。 万科最近有点"兜"不住了。 10月14日，据第一财经从多个信源获悉，万科原总裁、CEO祝九胜已被采取刑事强制措施。 而就在前一天，10月13日，万科发布公告称，董事长辛杰因"个人原因"辞去所有职务，而在此 之前辛杰被曝失联28天。 万科两位核心人物同时出事儿，肯定不是巧合，暴露了万科岌岌可危的处境。在祝九胜之后，其 他人能平安落地吗？ 祝九胜的职业"旋转门" 2025年1月，曾有媒体报道祝九胜被带走调查，彼时他通过更新朋友圈对此消息作出回应。 但多位深圳地产业内人士表示，从那以后圈子里便极少听到他的消息。 在深圳金融和房地产圈子里，祝九胜有个响当当的昵称"九哥"。早年能跟"九哥"搭上关系，在圈 子里足够吹嘘很久。 祝九胜的职业生涯起步于建设银行。1993年到2012年，他在建设银行深圳分行任职近20年，长 期负责信贷业务审批。万科早年的很多开发贷，都是经他手审批通过的。也正因如此，他跟万科 很早就建立了深厚的业务关系。 2012 年，在万科高层的极力邀请下，祝九 ...

10月14日晚，据媒体报道，万科A（000002.SZ）原总裁、CEO祝九胜已被采取刑事强制措施。 2012年，祝九胜加入万科。2012年至2015年，祝九胜任公司高级副总裁，2016年至2018年1月任万科合营企业深圳市鹏鼎创盈金融信息服务股份有限公司 董事长兼总经理。2018年1月31日起，他担任万科总裁、首席执行官。 根据万科2023年年报，祝九胜还兼任易居（中国）企业控股有限公司（2048.HK）非执行董事，并曾兼任徽商银行股份有限公司（03698.HK）非执行董 事、绿景（中国）地产投资有限公司（00095.HK）独立非执行董事、深圳市康达尔（集团）股份有限公司（000048.SZ）董事。 因业绩下滑，2023年3月，万科在公告中表示，包括祝九胜在内的8位董事、监事、高级管理人员，自愿放弃2023年度奖金，自愿领取月薪税前1万元 。直 至2024年3月万科披露2023年年报，这一自愿降薪才予以解除。彼时，在业绩会上，祝九胜公开表示，当前万科融资的状态还是正常的状态，客观说有压 力，但这一关能闯得过去。 1.因工作调整原因，郁亮先生申请辞去公司董事会主席职务。郁亮先生辞去上述职务后，将继续担任公司董事 ...

万科支付部分境内非上市债券的延迟利息。 ...

Developer China Vanke has made delayed interest payments on onshore debt that it had previously skipped, potentially easing tensions with creditors https://t.co/iB3rst7UGD ...

万科支付部分境内非上市债券的延迟利息。 ...

1. Report Industry Investment Rating No information provided. 2. Core Views - The global economic growth is expected to be 3.2% in 2025 and 3.1% in 2026, with potential impacts from tariff shocks and supply - demand imbalances in various industries [19]. - The A - share and Hong Kong stock markets have experienced recent adjustments, but the long - term trend of the Hong Kong stock market remains positive, and the overall risk of A - share margin trading is controllable [32][33]. - The bond market has different outlooks in the short and medium - term, with various factors affecting the performance of different bond types [22][28]. - The commodity market shows diverse trends, such as rising precious metal prices, complex situations in the coal - coke - steel - ore and energy - chemical sectors, and changes in agricultural product trade volumes [5][9][10]. 3. Summary by Directory 3.1 Macro Data - GDP growth in Q2 2025 was 5.2% year - on - year, slightly lower than the previous quarter [1]. - Manufacturing PMI in September 2025 was 49.8%, up from the previous month, while non - manufacturing PMI was 50.0%, down from the previous month [1]. - In August 2025, M1 and M2 growth rates were 6.0% and 8.8% year - on - year respectively, with M1 growth accelerating [1]. - In September 2025, export and import values increased by 8.3% and 7.4% year - on - year respectively [1]. 3.2 Commodity Investment - The National Development and Reform Commission will support energy - saving and carbon - reduction projects in key industries [2]. - From January to September 2025, the national futures market volume and turnover increased by 18.29% and 24.11% year - on - year respectively, but decreased in September [2]. - The Fed may stop shrinking its balance sheet and is expected to cut interest rates, with different views on the number of rate cuts [3][4]. 3.3 Main Commodity Highlights - **Metals**: Shandong Gold's net profit in the first three quarters of 2025 is expected to increase by 83.9% - 98.5% year - on - year, and gold and silver prices have risen [5][6]. - **Coal - Coke - Steel - Ore**: In early October 2025, steel production showed different trends, and global steel demand is expected to be flat in 2025 and rebound slightly in 2026 [9]. - **Energy - Chemical**: Oil prices are under pressure due to supply - demand imbalances, and there may be a policy to regulate photovoltaic capacity [10]. - **Agricultural Products**: China's grain projects are progressing, and there are changes in the import and export volumes of grains in different countries [12]. 3.4 Financial News - **Open Market**: The central bank conducted reverse repurchase operations, and is expected to conduct a 6 - month term reverse repurchase operation on October 15 [15]. - **Important News**: The Chinese government emphasizes economic stability, and there are various policy adjustments and economic data changes at home and abroad [16][18]. - **Bond Market**: Bond market performance is diverse, with different trends in different bond types and regions [22]. - **Foreign Exchange Market**: The on - shore and offshore RMB exchange rates have changed, and the US dollar index has declined [27]. - **Research Reports**: Different research institutions have different outlooks on the bond and convertible bond markets [28]. 3.5 Stock Market - A - shares and Hong Kong stocks have recently adjusted, with A - share trading volume reaching 2.6 trillion yuan, and the Hong Kong stock market has been falling for 7 days [32]. - A - share margin trading scale has reached a new high, and some brokers have adjusted margin ratios, while the overall risk is controllable [32]. - Southbound funds have driven the Hong Kong stock market, and although there is short - term adjustment, the long - term trend is positive [33].

以下文章来源于路数 ，作者很勤奋的路数 路数 . 要有光，要让企业更公开透明 导语：黄力平和辛杰一样，他接手的仍是个"烫手山芋"。 大家都明白，有些大型房企能活下来，并不是本身有多优秀，而是因为央国企背景。就像《西游 记》里有后台的妖精，金箍棒也难收。 这或许是地产行业的悲哀。但作为曾经地产好学生，不管 怎么样，万科还是值得国资股东方的拉一把。 但短短九个月，董事长换了两回，外界难免浮想联翩。 路数倾向于认同辛杰是 "个人原因"辞任，跟他在万科任期内的表现无关。 昨天一早（10月13日），万科终于发了公告。辛杰因个人原因辞任，黄力平当选新董事长。 风声早已在国庆节前就传出。有些信息知道容易，写出来却比万科本身更危险。 如果不是万科董事长一职，辛杰的进退去留，恐怕不会激起太多涟漪。 因为他背后站着深铁 ——万科第一大股东，根正苗红的国资。 如果万科轰然倒塌，砸到的不仅 是深铁，而是对地产行业残存的信心。 然而硬币总有另一面。这场救助本身，就伴随着风险和争议。这也注定了那个连接国资与市场的 关键纽带 ——万科董事长，须小心翼翼，在各方之间维持平衡。 首先， 59 岁已近退休之龄，此时兼任万科董事长，对辛杰个人而言 ...

在万科工作期间，他曾任万科企业股份有限公司高级副总裁、总裁、首席执行官，万科财务顾问有限公 司董事长，长租公寓事业部（BU）首席合伙人，并兼任万科投资的徽商银行非执行董事、绿景地产独 立非执行董事，以及深圳康达尔董事。 在地产圈内，祝九胜以精湛的资本运作能力著称，被人们称 为"九哥"。他掌控的资金管理部，每年都是万科的表现最佳部门。 2024年3月，随着万科深陷资金危机，祝九胜自愿领取月薪税前1万元。 2025年1月，祝九胜辞去万科董事、总裁、首席执行官等职务。就在当月，深圳地铁集团董事长辛杰兼 任万科集团董事长，万科正式进入国资时代。 今年初，媒体曾爆出祝九胜被带走调查的消息，当时他以更新朋友圈的方式作出回应。但多位业内人士 表示，自那以后便极少听到他的消息。 据万科2024年年报，该公司出现自1991年A股上市以来的首次年度亏损，归属于上市公司股东的净利润 亏损近495亿元。 据第一财经报道，万科A（000002.SZ）原总裁、CEO祝九胜已被采取刑事强制措施。而此前身为深圳 地铁集团、万科集团双料董事长的辛杰，也刚于9月18日在深圳一场会议中被带走。万科的事，大了！ 昨日，万科在港交所公告称，已于10月 ...