Group 1 - The company Beike-W (02423) announced a share repurchase plan, intending to buy back 602,200 shares at a total cost of $3.5 million [1] - The repurchase price is set between $5.77 and $5.84 per share [1]

| | | | | FF305 | | --- | --- | --- | --- | --- | | 1,418,421 | % | USD | 5.6179 | | | 1,476,174 | % | USD | 5.4194 | | | 1,489,263 | % | USD | 5.3576 | | | 534,000 | % | USD | 5.618 | | | 530,802 | % | USD | 5.6518 | | | 539,205 | % | USD | 5.5637 | | | 544,206 | % | USD | 5.5126 | | | 536,007 | % | USD | 5.5969 | | | | 變動日期 | 2025年11月14日 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 6). | | 購回股份(或其他證券)但沒有註銷 | 539,205 | % | USD | 5.5637 | | | 變動日期 | 2025年11月17日 | | | | | | 7). | | 購回股份(或其他證券)但沒有註 ...

Group 1 - The core viewpoint of the article is that Beike has launched the HQI quality score (Housing Quality Index) for rental properties, which aims to provide a more intuitive and reliable reference for users when selecting homes [1] - The HQI system has been rolled out in 78 cities across the country and has evaluated over 7.5 million housing units since its pilot in April 2025 [1] - High-scoring properties are categorized into three levels: "Diamond Good House," "Gold Good House," and "Silver Good House," enhancing the user experience in the rental market [1]

Group 1 - The company Beike-W (02423.HK) announced a share buyback on January 5, 2026, spending $3.5 million to repurchase 616,000 shares [1]

Group 1 - The company Beike-W (02423) announced a share buyback plan on January 5, 2026, involving an expenditure of HKD 3.5 million [1] - The company will repurchase a total of 616,200 shares at a price range of HKD 5.61 to HKD 5.76 per share [1]

智通财经APP讯，贝壳-W(02423)发布公告，于2026年1月5日，该公司斥资350万港元回购61.62万股股 份，每股回购价5.61-5.76港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年1月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔 ...

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [4] Core Views - The report emphasizes the importance of stabilizing real estate market expectations and highlights the sector's significant role in the national economy and as a source of household wealth [3][50] - The report suggests that the real estate market's healthy development is crucial for overall economic stability and calls for decisive policy measures rather than piecemeal approaches [50] Market Performance - The Shanghai Composite Index rose by 0.1%, while the Shenzhen Component Index fell by 0.6%, and the real estate sector (Shenwan) declined by 0.7% during the week [5][8] - Notable stock performances included Chengjian Development (+13.2%) and Sanzhong Impression (+10.7%), while Hualian Holdings (-15.5%) and Yatong Shares (-6.8%) saw significant declines [5][8] Data Tracking New Housing Transactions - In the week of December 27 to January 2, new housing transactions in 42 key cities totaled 2.56 million square meters, a 2.0% decrease from the previous week [16] - For December, new housing transactions reached 10.63 million square meters, a 35.7% increase month-on-month but a 40.5% decrease year-on-year [21] Second-Hand Housing Transactions - In the same week, second-hand housing transactions in 21 key cities totaled 1.64 million square meters, a 21.5% decrease from the previous week [34] - For December, second-hand housing transactions amounted to 9.22 million square meters, an 11.1% increase month-on-month but a 27.9% decrease year-on-year [37] Industry News - The Ministry of Housing and Urban-Rural Development aims for significant progress in housing quality improvement by 2030, focusing on standards, design, materials, and construction [50] - New tax policies were introduced, reducing the value-added tax rate for second-hand housing transactions to 3% for properties held for less than two years, while properties held for two years or more are exempt from VAT [50] - The China Securities Regulatory Commission announced the launch of a pilot program for commercial real estate investment trusts (REITs) to promote high-quality market development [50] Company Announcements - China Resources Land secured a sustainable development-linked loan of 2 billion yuan with a term of 36 months [54] - Huafa Group elected Guo Lingyong as the chairman of its board and Liu Yingzhe as vice chairman [54]

Market Performance - Major US stock indices closed higher, with the Dow Jones reaching a record high, driven by strong gains in financial stocks [1][3] - The Dow rose by 594.79 points, or 1.23%, closing at 48,977.18 points; the Nasdaq increased by 160.19 points, or 0.69%, to 23,395.82 points; and the S&P 500 gained 43.58 points, or 0.64%, ending at 6,902.05 points [3] Sector Performance - The S&P 500 energy sector index rose by 2.7%, with major stocks like ExxonMobil and Chevron seeing significant increases due to military actions in Venezuela [5] - The S&P 500 financial sector index increased by 2.2%, with both Goldman Sachs and JPMorgan Chase rising over 3% and reaching all-time highs [6] Technology Stocks - Most large-cap tech stocks saw gains, with Tesla up 3.10%, Amazon up 2.9%, and Meta up 1.29%. However, Microsoft fell by 0.02%, Nvidia dropped by 0.39%, and Apple decreased by 1.38% [3][4] Cryptocurrency and Related Stocks - Cryptocurrency-related stocks experienced a rise, with Strategy stock increasing nearly 5% and Coinbase surging by 7.8% as Bitcoin prices hit a three-week high [6] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.49%, with notable gains in stocks like Beike up over 6% and Bilibili and Tencent Music each up over 3% [6]

Group 1 - Hong Kong property stocks continued to rise, with Beike-W (02423.HK) up 3.98% to HKD 45.98 [1] - Longfor Group (00960.HK) increased by 4.37% to HKD 9.56 [1] - China Jinmao (00817.HK) rose 3.82% to HKD 1.36 [1] - China Resources Land (01109.HK) gained 2.47% to HKD 29.84 [1]