第一条 为规范华联控股股份有限公司（以下简称"公司"）信息披露行为， 加强信息披露事务管理，保护投资者合法权益，根据《中华人民共和国保守国家 秘密法》《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司治理准则》《上市公司信息披露管理办法》《上市公司信息披露 暂缓与豁免管理规定》《深圳证券交易所股票上市规则》等法律法规、规范性文 件和《华联控股股份有限公司章程》（以下简称"《公司章程》"）的规定，结合公 司实际情况，制定本制度。 华联控股股份有限公司 信息披露管理制度 华联控股股份有限公司 信息披露管理制度 （经公司于 2025 年 8 月 25 日召开的第十二届董事会第二次会议审议通过） 第一章 总 则 第二条 公司披露信息应真实、准确、完整、及时，平等对待每一个股东， 信息应同时向所有投资者公开披露，且不得有虚假记载、误导性陈述或者重大遗 漏。 前述所称及时是指自起算日起或者触及披露时点的两个交易日内，本制度下 同。 第三条 公司董事、高级管理人员应当忠实、勤勉地履行职责，保证披露信 息的真实、准确、完整，信息披露及时、公平。 第四条 内幕信息依法披露前，任何知情人不得 ...

关于修订《投资者关系管理制度》的公告 （经公司于 2025 年 8 月 25 日召开的第十二届董事会第二次会议审议通过） 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 证券代码：000036 证券简称：华联控股 公告编号：2025-055 1 | | 认真、及时予以回复，不得选择性发布信息或者回复投资者提问。 | | --- | --- | | | （三）不得涉及不宜公开的信息。公司在互动易平台发布信息或者回复投资者 | | | 提问时，不得涉及违反公序良俗、损害社会公共利益的信息，不得涉及国家秘密、 | | | 商业秘密等不宜公开的信息。公司对供应商、客户等负有保密义务的，公司应当谨 | | | 慎判断拟发布的信息或者回复的内容是否违反保密义务。 | | | （四）充分提示不确定性和风险。公司在互动易平台发布信息或者回复投资者 | | | 提问时，如涉及事项存在不确定性，应当充分提示相关事项可能存在的不确定性和 | | | 风险。 | | | （五）不得迎合热点。公司在互动易平台发布信息或者回复投资者提问时，不 | | | 得利用发布信息或者回复投资者提问 ...

华联控股股份有限公司 2025 年半年度报告全文 证券代码：000036 证券简称：华联控股 公告编号：2025-053 华联控股股份有限公司 2025 年半年度报告 【2025 年 8 月】 1 华联控股股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、完整，不存在 虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人龚泽民先生、总经理张勇华先生及副总经理兼财务负责人苏秦先生声明： 保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告除对事实陈述外，所有本公司对预测、目标、计划及展望的前瞻性陈述都涉及 各类已知或未知的风险与不确定因素，其大部分不受公司控制，且可能影响公司的经营运 作及实际业绩，导致公司未来的实际结果可能与这些陈述出现较大差异。敬请投资者审慎 参考且不可完全依赖本报告的前瞻性陈述。 本报告分析、描述了公司目前及未来发展面临的行业风险、经营风险、产业转型风险 及存在的问题与困难等，敬请投资者关注并查阅"管理层讨论与分析"章节中的相关部分 内 ...

Core Viewpoint - Shanghai has introduced new real estate policies aimed at optimizing housing purchase regulations, which are expected to stimulate the housing market and improve sales in the outer ring areas starting from August 26, 2025 [1][2][11]. Policy Adjustments - The new policies include reducing housing purchase restrictions, optimizing housing provident fund policies, improving personal housing credit, and refining property tax regulations [2][7]. - Housing purchase limits have been relaxed, allowing eligible residents to buy unlimited properties outside the outer ring, while single adults will be treated similarly to family units in terms of purchase limits [7][11]. - The maximum loan amount for housing provident funds has been increased, with first-time buyers now eligible for up to 216 million yuan, and second-time buyers up to 149.5 million yuan [7][8]. Market Reaction - Following the announcement, the real estate sector saw significant gains, with the real estate development sector rising by 3.4%, and individual companies like Vanke A and Rongsheng Development experiencing increases of over 9% and 8%, respectively [5][6]. - The policy is expected to alleviate inventory pressure in the outer ring areas, where 80% of the inventory is located, and improve the balance in the housing market [11][13]. Implications for Buyers - The changes are anticipated to benefit two main groups: middle-class families looking to upgrade their homes and those previously limited by purchase restrictions who now have more flexibility [12][14]. - The removal of interest rate differences between first and second homes is expected to reduce financial burdens for buyers, facilitating the release of pent-up demand [14]. Strategic Outlook - The policy aligns with broader market trends observed in other major cities, indicating a shift towards more flexible housing regulations to stimulate demand and support economic growth [11][13].

(本文来自第一财经) 万通发展（维权）封板涨停，万科A涨超7%，金地集团涨超6%，特发服务、绿地控股、华联控股等多 股涨超5%，保利发展等跟涨。 ...

Core Viewpoint - The Shanghai government has announced a series of policy adjustments aimed at optimizing the real estate market to better meet residents' housing needs and promote stable development. These adjustments include reducing housing purchase restrictions, optimizing housing provident fund policies, adjusting personal housing loan interest rates, and improving property tax regulations. The new policies will take effect on August 26, 2025 [1][5]. Group 1: Housing Purchase Restrictions - The new policy reduces housing purchase restrictions, allowing eligible residents to buy an unlimited number of homes outside the outer ring road. This applies to both local residents and non-local residents who have paid social insurance or income tax in Shanghai for at least one year [2][5]. - Local residents and single adults can purchase an unlimited number of homes outside the outer ring road, while they are limited to two homes within the inner ring road. Non-local residents can buy without limit outside the outer ring road and are limited to one home within the inner ring road if they have paid social insurance or income tax for three years [2][5]. Group 2: Housing Provident Fund Policy - The policy enhances the housing provident fund support for home purchases. The maximum loan amount for first-time buyers of new green buildings is increased by 15%, with the maximum loan for first-time buyers rising from 1.6 million to 1.84 million yuan, and for families with multiple children from 1.92 million to 2.16 million yuan [3][6]. - Homebuyers can withdraw their provident fund to pay for the down payment of new pre-sale properties, and this withdrawal will not affect their loan eligibility [3][6]. Group 3: Personal Housing Loan Interest Rates - The policy optimizes the pricing mechanism for personal housing loans, allowing banks to set interest rates without differentiating between first and second homes, based on market conditions and customer risk profiles [4][6]. Group 4: Property Tax Policy - The policy provides a temporary exemption from property tax for the first home purchased by eligible non-local residents. For second homes and beyond, a tax exemption of 60 square meters per person will be applied when calculating the total housing area [4][6]. Group 5: Market Reaction - Following the announcement, real estate stocks surged in the market, with notable increases including Vanke A reaching a 10.06% rise, and other companies like Wan Tong Development and Rongsheng Development also hitting their daily limits [9][10].

Core Viewpoint - On August 25, Shanghai's six departments jointly issued a notice to optimize and adjust real estate policies to better meet residents' housing needs and promote a stable and healthy real estate market, effective from August 26, 2025 [1]. Group 1: Housing Purchase Policy Adjustments - The housing purchase limit will be reduced, allowing eligible residents to buy an unlimited number of homes outside the outer ring road, including both new and second-hand homes [2][8]. - Local residents and single adults can purchase up to two homes within the inner ring road, while non-local residents can buy one home if they have paid social insurance or income tax for three years [2][9]. Group 2: Housing Provident Fund Policy Optimization - The maximum loan amount for housing provident fund loans will increase by 15% for those purchasing new green buildings rated two stars or above, with the first loan limit rising from 1.6 million to 1.84 million yuan [4][10]. - Homebuyers can withdraw their provident fund to pay the down payment for new homes, and this withdrawal will not affect their loan limit [4][10]. Group 3: Personal Housing Loan Interest Rate Mechanism - The interest rate pricing mechanism for personal housing loans will be optimized, with no distinction between first and second homes, allowing banks to set rates based on market conditions and customer risk [5][10]. Group 4: Property Tax Policy Improvements - Non-local residents purchasing their first home will be exempt from property tax, while those buying a second or additional homes will receive a tax exemption for 60 square meters per person after calculating the total housing area [6][10]. Group 5: Market Reaction - Following the announcement, real estate stocks surged, with Vanke A hitting a six-month high, and several other companies also experiencing significant gains, indicating positive market sentiment towards the new policies [12][13].

Core Viewpoint - The China Securities Index for Hong Kong-listed tradable mainland banks has shown a mixed performance, with a recent decline over the past month but an overall increase year-to-date [1]. Group 1: Index Performance - The HKT Mainland Bank Index is reported at 1183.60 points, having decreased by 4.99% over the past month, increased by 4.64% over the past three months, and risen by 17.74% year-to-date [1]. - The index is part of a series that includes HKT Hong Kong Real Estate, HKT Mainland Consumption, and HKT Mainland Banks, reflecting the overall performance of related securities in the Hong Kong market [1]. Group 2: Index Composition - The top ten holdings in the HKT Mainland Bank Index are as follows: China Construction Bank (31.15%), Industrial and Commercial Bank of China (24.07%), Bank of China (17.23%), China Merchants Bank (10.32%), Agricultural Bank of China (7.87%), CITIC Bank (3.5%), Postal Savings Bank of China (2.56%), Minsheng Bank (1.4%), Chongqing Rural Commercial Bank (0.71%), and China Everbright Bank (0.64%) [1]. - The index is exclusively composed of financial sector stocks, with a 100% representation from this industry [3]. Group 3: Index Adjustment Mechanism - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day following the second Friday of June and December each year [3]. - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3].

Core Viewpoint - The company is currently facing challenges due to adjustments in the real estate market, including insufficient land reserves and significant pressure on the sales of existing products [1] Group 1: Current Challenges - The company acknowledges challenges from the real estate market adjustment, specifically mentioning insufficient land reserves and high pressure on the sales of existing products [1] Group 2: Strategic Responses - The company plans to maintain stability in its main business by focusing on the sales of existing projects, ensuring the construction and pre-sale of the "Yupin Luanshan" project, and enhancing property management and service [1] - The company is actively promoting industrial transformation by investing in strategic emerging industries such as new energy, new materials, and new technologies, aiming to establish a basic structure of "technology - resources - finished products (or cooperation)" [1] - The company is also looking for investment opportunities in other emerging industries to actively create a second growth curve and build a more reasonable industrial structure [1]

Core Viewpoint - Hualian Holdings expressed its intention to actively seek cooperation with various parties based on market conditions and its own situation [2] Summary by Relevant Categories - **Company Strategy** - The company is looking to adapt its strategies according to market environments and internal circumstances [2]