（记者 王晓波） 每经AI快讯，招商蛇口8月27日晚间发布公告称，公司与招商局能源运输股份有限公司拟签订《深圳市 太子湾商储置业有限公司100%股权之股权转让协议》，将公司全资子公司深圳市太子湾商储置业有限 公司100%股权转让予招商轮船，标的股权转让价款为人民币约7.16亿元。 每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 ...

第四届董事会 2025 年第五次临时会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 招商局蛇口工业区控股股份有限公司（以下简称"公司"）第四届董事会 2025 年第五次临时会议通知于 2025 年 8 月 25 日以专人送达、电子邮件等方式 送达全体董事、监事及高级管理人员。2025 年 8 月 26 日，会议以通讯方式举行。 会议应到董事 9 人，实到董事 9 人。会议的召集、召开符合有关法律、法规和《公 司章程》的规定。会议审议通过了以下议案： 议案一、关于签订太子湾商储置业股权转让协议涉及关联交易的议案 具体事项详见公司今日披露的《关于签订太子湾商储置业股权转让协议涉 及关联交易的公告》。 证券代码：001979 证券简称：招商蛇口 公告编号：【CMSK】2025-075 招商局蛇口工业区控股股份有限公司 本议案因涉及关联交易，关联董事张军立、聂黎明、余志良、黄传京回避 了表决，非关联董事以 5 票同意，0 票反对，0 票弃权的表决结果审议通过上述 议案。 特此公告。 招商局蛇口工业区控股股份有限公司 董 事 会 二〇二五年八月二十八日 ...

招商基金招商蛇口租赁住房封闭式基 础设施证券投资基金 2025 年中期报告 基金管理人：招商基金管理有限公司 基金托管人：兴业银行股份有限公司 送出日期：2025 年 8 月 28 日 招商基金招商蛇口租赁住房封闭式基础设施证券投资基金 2025 年中期报告 基金管理人的董事会、董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带的法律责任。本中期报告已经三 分之二以上独立董事签字同意，并由董事长签发。 基金托管人兴业银行股份有限公司根据本基金合同规定，于 2025 年 8 月 27 日复核了本 报告中的财务指标、收益分配情况、财务会计报告和投资组合报告等内容，保证复核内容不 存在虚假记载、误导性陈述或重大遗漏。 运营管理机构已对中期报告中的相关披露事项进行确认，不存在异议，确保相关披露内 容的真实性、准确性和完整性。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定 盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅 读本基金的招募说明书及其更新。 本报告中的财务资料未经审计。 本报告期自 ...

"沪六条"对上海外环外区域放开购房额度，释放大量购买力。 8月25日，上海市住房城乡建设管理委、市房屋管理局等六部门联合印发《关于优化调整本市房地产政 策措施的通知》（以下简称"沪六条"），涉及调整住房限购、优化住房公积金、优化个人住房信贷以及 完善个人住房房产税等一揽子措施。 26日是"沪六条"正式生效后的第一天，上海有两个楼盘开盘即售罄。 位于宝山区杨行镇的"金茂棠前"项目，共计推出160套房，均价5.39万元/平方米，有效认筹率达到 162.5%，26日的认购现场座无虚席，全数售罄。 在闵行区梅陇镇，由保利开发的"海上印"26日共推出168套房源，均价8.2万元/平方米，累计认购286 组，认购率超170%，也于当天售罄。 太平洋房屋的数据则显示，新政后首日新增房源环比上涨166%，新增客环比上涨40%，成交环比上涨 14.8%。该公司相关人士表示："一般周六、周日是带看和成交的高峰，一周后新政的效应或许会更明 显。" 无论是金茂棠前还是保利海上印，都位于外环外板块。"沪六条"针对楼市结构性问题精准发力，对外环 外区域放开购房额度，释放购买力，明确"符合条件居民家庭在外环外购房不限套数"。 位于松江区泗 ...

Core Viewpoint - The establishment of the Shenzhen Cruise Industry Alliance aims to leverage Shenzhen's position as a core engine of the Guangdong-Hong Kong-Macao Greater Bay Area to promote high-quality development in the cruise industry and tourism [1] Group 1: Alliance Formation - The Shenzhen Cruise Industry Alliance was launched with 29 founding member companies, including joint chairpersons from Equator Fund and China Merchants Shekou [1] - Vice chairpersons include nine companies such as Invt, South China Building Materials, and Singapore International Cruise [1] - The initial members cover various sectors including cruise design, construction, maintenance, operation, technology, and finance, creating a comprehensive cruise ecosystem [1] Group 2: Development Goals - The alliance signifies a new phase of collaborative development for the Shenzhen cruise industry [1] - It aims to enhance integration between the cruise industry and sectors like finance, technology, and cultural tourism [1] - The initiative will promote the establishment of international routes in Shenzhen and support the development of new technologies, products, and innovative solutions in the cruise industry [1] - The focus is on advancing the smart and green development of the cruise industry, thereby increasing the competitiveness of Shenzhen enterprises in this sector [1]

截至昨天傍晚，服务热线在一天多时间内接听来电共2639个，同比上涨110%。 和前天相比，昨天单个热线来电的接听时间明显变长。工作人员告诉记者，新政出台之后，不少市民特地来电确认情况， 经过一天时间的消化，很多来电开始详细咨询政策细则和与切身利益相关的问题。目前来看，市民主要关心限购政策的细则， 如在外环外购买住房不限套数的具体政策、单身视作家庭后名下住房的购房套数认定等。 记者 戚颖璞 8月25日，上海今年首次发布房地产市场优化调整政策，包括限购、信贷和税收方面的6项措施。其中，限购和公积金相关 政策大调整。 昨天是楼市"沪六条"施行首日，上海高温天不减购房热情，记者走访发现，位于外环外的新房售楼处和中介门店来访量、 咨询量增幅在20%至50%不等。 热线咨询关心政策细则 记者从上海市房地产交易中心了解到，在新政发布之后，962269房地产交易行业服务热线接听最高峰时段1小时内来电达到 480个，在4个小时内接听量比上周同一时段翻了一倍不止。 "沪六条"的发布时间接近中午12点。"我们提前做好了预案，服务热线的工作人员全员上岗，取消了午间轮休，并提供了延 时服务，做好政策解释。"市房地产交易中心相关负责人说 ...

Core Viewpoint - The report outlines the operational performance and financial metrics of the Bosera China Merchants Shekou Industrial Park Closed-End Infrastructure Securities Investment Fund for the first half of 2025, emphasizing its investment strategy in infrastructure assets and the management of rental income and tenant relationships. Fund Overview - Fund Name: Bosera China Merchants Shekou Industrial Park Closed-End Infrastructure Securities Investment Fund - Fund Manager: Bosera Fund Management Co., Ltd. - Fund Trustee: China Merchants Bank Co., Ltd. - Total Fund Shares at Period End: 1,421,130,866 shares [1] - Fund Duration: 50 years [1] - Main Investment Focus: Infrastructure asset-backed securities [1] Financial Performance - Total Income for the Period: CNY 92,032,961.20 [4] - Net Profit for the Period: CNY 25,928,734.28 [4] - Cash Flow from Operating Activities: CNY 43,131,006.39 [4] - Cash Distribution Rate: 1.86% [4] - Annualized Cash Distribution Rate: 3.74% [4] - Total Fund Assets at Period End: CNY 3,659,655,839.72 [4] - Total Fund Net Assets at Period End: CNY 3,144,487,171.21 [4] Investment Strategy - The fund primarily invests in asset-backed securities related to infrastructure projects, aiming to enhance operational income and provide stable returns to investors [1][2]. - The fund's investment strategy includes maintaining a minimum of 80% of its assets in infrastructure asset-backed securities [2]. - The fund will actively seek high-quality infrastructure projects to diversify operational risks and enhance returns [2]. Rental Management and Tenant Relations - The fund aims to improve rental income and occupancy rates through proactive leasing management and tenant relationship maintenance [2]. - Strategies include early lease renewals, marketing initiatives, and optimizing tenant diversity to enhance asset value [2]. - The fund will also explore asset preservation and appreciation measures, such as facility upgrades and renovations [2]. Market Context - The report highlights the competitive landscape of industrial parks in China, noting the increasing number of parks and the diversification of industries within them [11][12]. - The fund's assets are located in Shenzhen, a region characterized by a high concentration of technology and service industries, which supports stable tenant relationships [10][11]. - The report indicates a trend towards upgrading business models in industrial parks, shifting from mere space provision to creating integrated industrial ecosystems [12][13].

Investment Rating - The report maintains a "Positive" outlook for the real estate industry [6] Core Insights - The recent policy adjustments in Beijing and Shanghai align with expectations and are moderate in intensity, which will aid in regional inventory digestion. This series of "city-specific policies" strengthens confidence in the industry's long-term recovery path [1][4] - The recovery of real estate stocks does not solely depend on the timing of policy implementations; rather, the decline in risk-free interest rates and the reduction in industry risk assessments are the primary drivers of this recovery. The market has entered a new bottoming phase, where the impact of the denominator (risk-free rates) outweighs that of the numerator (real estate prices) [2] - The new policies in Shanghai, including the relaxation of purchase restrictions and adjustments to mortgage rates, are expected to stimulate demand in suburban areas, which will help reduce inventory [3] Summary by Sections Policy Developments - On August 25, Shanghai announced new housing policies, including easing purchase restrictions outside the outer ring and enhancing public housing fund support. The adjustments are expected to significantly impact the new housing market, particularly in suburban areas [3] - The report notes that the new policies are similar to those in Beijing, focusing on optimizing public housing fund policies and adjusting commercial loan rates to lower housing costs [3] Market Trends - Since Q2 of this year, the new housing market has shown signs of weakening in both volume and price, increasing the pressure for stabilization. The recent policies from Beijing and Shanghai have reinforced confidence in the industry's long-term recovery, with further policy space anticipated [4] Investment Recommendations - The report suggests focusing on specific stocks: China Merchants Shekou (001979, Buy), Poly Developments (600048, Buy), Beike-W (02423, Buy), Longfor Group (00960, Buy), and Gemdale Corporation (600383, Hold) [5]

1-7月房地产企业新增之地储备 | 图号 | TEAK | 全口径土地储备 | | --- | --- | --- | | | | 〔司学方米〕 | | 1 | 北京都 | 309.37 | | 2 | 保利发展控股 | 241.97 | | ന | 绿城中国 | 206.03 | | 4 | 招商蛇口 | 192.26 | | 5 | 中海宏洋 | 148.51 | | 6 | 建发房产 | 144.21 | | 7 | 中国金成 | 138.74 | | 8 | 英润量排 | 131.25 | | 9 | 演工集团 | 116.79 | | 10 | 成秀地产 | 112.82 | | 11 | 中国传统 | 108.98 | | 12 | 江苏海润城发 | 108.00 | | | 中国雄安集团 | 86.68 | | 14 | 南通海欣实业 | 71.62 | | 15 | 江苏长江口开发 | 68.51 | | 16 | 中建国际 | 64.70 | | 17 | 保利置业 | 63,45 | | 18 | 邦泰集团 | 61.73 | | 127 | 百肥建议集团 | 54.15 | | --- ...

房地产行业 行业研究 | 行业周报 止跌回稳压力加大，后续政策具备较大发 力空间 核心观点 我们不同于市场的见解： 1、今年Q2以来房地产数据持续下行趋势，但同时我们观测到多地优质新盘热销。 对于这两者之间的矛盾，我们的理解为，今年以来高得房率四代宅、新规项目陆续 入市，有效释放改善型需求，但是目前"好房子"体量相对较小，并且二手房以价 换量对于新房也存在挤压效应，新房市场整体企稳仍需要一定时间。 2、不需要过度猜测政策节奏，实际上地产行业及地产股价的修复并不完全依赖于 政策具体的出台时间。无风险利率的下行和行业风险评价降低是推动地产股修复的 主要原因。实际上房地产行业进入下行阶段以后，社会的中高息回报资产明显减 少，自然会带动无风险利率下行。前几年地产股价明显下行，是因为分子端的影响 超过了分母端；目前房地产进入了新的筑底阶段，以及无风险利率进入低利率区 间，分母端的影响超过了分子端，从而将带来未来股价的回升。而在这个过程中， 政策的出台节奏快一点慢一点，强一点弱一点，都不实质性改变整件事情的基本预 期。所以，我们认为只要对国家治理能力抱有信心，那么投资者自然就会对政策能 托底地产存在信心。考虑房地产的底部 ...