Group 1 - Runying Jinshi (Nanjing) Commercial Investment Partnership (Limited Partnership) has been established with a capital contribution of 2.7 billion yuan [1] - The partnership's business scope includes investment activities using its own funds and asset management services [1] - Major shareholders include Ruizhong Life Insurance Co., AIA Life Insurance Co., and China Resources Land Holdings Co. [1] Group 2 - The partnership is registered in Nanjing, Jiangsu Province, with its main operating location at 33 Lianghe Road, Jiangbei New District [2] - The executive partner is CITIC Jinshi Fund Management Co., with representatives Liu Weimin and Zhang Dazhi [2] - The partnership is classified under capital market services [2]

人民财讯12月2日电，企查查APP显示，近日，润盈金石（南京）商业投资合伙企业（有限合伙）成 立，出资额27亿元，经营范围包含：以自有资金从事投资活动；自有资金投资的资产管理服务。企查查 股权穿透显示，该合伙企业由瑞众人寿保险有限责任公司、友邦人寿保险有限公司、华润置地控股有限 公司等共同持股。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華潤置地有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01109 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.1 | HKD | | 800,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.1 | HKD | | 800,000,000 | 本月底法定/註冊股本 ...

Core Concept - The article emphasizes the transition from "housing for all" to "quality housing" in urbanization, highlighting the "Four Good" construction concept proposed by the Ministry of Housing and Urban-Rural Development, which includes good products, good communities, good services, and good urban areas [1] Group 1: Good Housing - China Resources Land has developed a "Good Housing System" centered on "good products, good communities, and good services," utilizing a "Ten Energy System" as a pathway [1] - The "All-Cycle Renewal Technology Residence" is designed to be adaptable, with modular, industrial, and column-free technologies allowing flexible living spaces [1] - A comprehensive home renovation service system has been established, covering the entire lifecycle of housing [1] - The new generation of smart space interconnection platform has been launched, enabling seamless integration between equipment management systems and property management apps [1] Group 2: Good Community - The company aims to create a complete community with a 15-minute living circle, addressing various needs such as elderly care, childcare, medical services, shopping, and fitness [5] - China Resources Land's operational real estate and asset management business achieved a revenue of 12.11 billion yuan in the first half of 2025, a year-on-year increase of 5.5% [5] - Shopping centers under the company generated retail sales of 110.15 billion yuan, marking a 20.2% year-on-year growth, with an overall operating profit margin of 65.9% [5] Group 3: Good Operations - The "Good Operations" concept integrates housing management, community governance, and urban operations into a comprehensive operational logic [7] - The company has developed a smart community operation platform that connects various community elements using AI, IoT, and big data, creating nine smart scenarios for efficient management [8] - The operational model in Nanshan District, Shenzhen, showcases a successful integration of planning, development, and unified operations over a decade [9] Group 4: Future Outlook - The company envisions that "good housing" encompasses not just construction elements but also the entire lifecycle and scenarios of urban living, linking personal life, community warmth, and urban development [11] - Continuous improvement in "good products, good communities, and good services" is expected to lead to more safe, comfortable, green, and smart housing solutions for households [11]

Core Insights - The luxury real estate market in Shanghai is experiencing intense competition, particularly in the high-end segment, with a notable "customer grabbing war" taking place as companies aim to boost performance and market share before the end of 2025 [1][3] Group 1: Market Dynamics - China Resources Land launched the "Luanqi Binjiang" project, achieving an unexpected subscription rate of 223.77% with 273 subscriptions for only 122 units, marking a significant milestone in the luxury market [1][3] - The project is set to officially launch on November 29, with a second batch of units expected by the end of the year [1] - In the first ten months of 2025, China Resources Land ranked third in Shanghai with approximately 34 billion yuan in sales, closely trailing Poly Developments and China Merchants Shekou [3] Group 2: Competitive Landscape - The success of "Luanqi Binjiang" puts pressure on competitors like China Overseas Land and China Merchants Shekou, particularly their upcoming project "Anlan Shanghai" [3][4] - "Anlan Shanghai" is expected to enter the subscription phase soon, with no new projects from Poly Developments in the next two months, potentially allowing China Resources Land and China Merchants Shekou to vie for the annual sales championship [3][4] Group 3: Consumer Behavior - The high subscription rate of "Luanqi Binjiang" reflects a shift in buyer behavior, with high-net-worth individuals showing interest but remaining cautious due to an influx of new luxury properties and price adjustments in the market [4][5] - The project is strategically located in a newer riverside area, appealing to buyers seeking quality living environments, with features that meet the "good housing" standards set by recent regulations [4][7] Group 4: Pricing and Value Proposition - "Luanqi Binjiang" offers competitive pricing at an average of 136,700 yuan per square meter, significantly lower than surrounding properties, which are priced between 170,000 to 200,000 yuan per square meter [7] - The project has attracted a diverse clientele, including local business owners and young professionals, due to its pricing and lifestyle offerings [5][9] Group 5: Future Outlook - The luxury market in Shanghai is poised for transformation, with a notable increase in transactions for high-end properties, particularly those priced above 30 million yuan, which saw a 27% increase in the first three quarters of 2025 [10][11] - The competition among developers is intensifying, with a focus on attracting high-net-worth buyers through strategic positioning and product quality [11]

Core Insights - The "Good House Technology Exhibition" in Beijing focuses on the theme of "Technology Empowering Good House Construction and Industrial Upgrading" and showcases innovations in the construction industry [2][4] - The exhibition features ten major exhibition areas, including model houses, standards, designs, materials, construction, maintenance, and future technologies, presenting a comprehensive blueprint for "Good Houses" [2][4] Group 1: Exhibition Highlights - The "Good House" concept is emphasized as a key driver for high-quality development and meeting the needs of the public for better living conditions [4] - The exhibition includes 18 model houses that illustrate the transition from concept to practical implementation of the "Good House" idea [2][4] - The "Good House" standards and technological achievements have reached a systematic level, marking a new phase in the industry’s transformation and upgrade [4] Group 2: Company Initiatives - China Resources Land showcased its "Good House" standards through its "You Nest" affordable rental housing and full-cycle renovation technology homes, providing a vivid answer to "What is a Good House?" [3][5] - The "You Nest" model integrates five living scenarios within a compact 36 square meters, demonstrating efficient space utilization and high-quality living conditions [5][6] - The company has developed a comprehensive urban investment and development operation methodology that extends from individual housing to community and city planning [3][11] Group 3: Technological Innovations - The "Good House" construction involves five key aspects: good standards, good design, good materials, good construction, and good maintenance [8] - The "Good Maintenance" exhibition area showcases full-cycle home services and smart city operations, highlighting the importance of community and urban living experiences [8][10] - Innovations such as modular design and smart home systems are being implemented to enhance living quality and operational efficiency [9][10] Group 4: Urban Development Strategy - China Resources Land's "Good Maintenance" philosophy extends beyond residential buildings to encompass community and city-level operations, enhancing urban governance and living standards [11][12] - The transformation of Shenzhen's Houhai area exemplifies the successful implementation of this urban operation model, contributing to the region's rapid development [12] - The company aims to integrate the "Good House" ecosystem into urban development, aligning with government goals for high-quality living and new urbanization [13]

Core Viewpoint - The "Good House Technology Exhibition" held in Beijing showcases the integration of technology in the construction industry, emphasizing the concept of "Good House" through various innovative displays and models [1][8]. Group 1: Exhibition Overview - The exhibition features ten thematic areas, including model houses, standards, design, materials, construction, maintenance, and future technologies, presenting a comprehensive blueprint for the "Good House" concept [1][18]. - A total of 18 model houses are displayed, allowing visitors to experience the practical application of the "Good House" philosophy [1][9]. Group 2: Key Exhibitors and Innovations - China Resources Land presents its "Good House" standards through its "Good Maintenance" exhibition area, showcasing affordable rental housing and a full-cycle renovation technology house [4][5]. - The "Good Maintenance" area highlights the importance of comprehensive home services and community experiences, demonstrating how maintenance extends from individual homes to entire communities and cities [19][34]. Group 3: Policy and Industry Context - The Ministry of Housing and Urban-Rural Development emphasizes the construction of safe, comfortable, green, and intelligent "Good Houses" as part of the national development strategy [6][17]. - The exhibition aligns with the national call to promote the "Good House" initiative, providing a platform for showcasing relevant technologies, products, and models [8][36]. Group 4: Technological Integration - The "Good House" model incorporates smart home technologies and sustainable materials, aiming to reduce construction costs while enhancing living quality [14][25]. - Innovations such as modular design and integrated smart systems are showcased, demonstrating significant improvements in construction efficiency and living convenience [15][21][25]. Group 5: Community and Urban Development - The exhibition reflects a broader vision of urban development, where "Good Houses" are part of creating better communities and cities, emphasizing the interconnectedness of housing, community services, and urban planning [26][35]. - China Resources Land's approach includes creating a "15-minute living circle" and integrating various community services to enhance residents' quality of life [27][28].

Core Insights - The 15th National Games held in Shenzhen served as a comprehensive test of regional collaboration, urban governance, and event organization capabilities, marking the first large-scale event jointly hosted by the Guangdong-Hong Kong-Macao Greater Bay Area [1] - China Resources Land played a pivotal role in the event, handling venue renovations, event operations, opening and closing ceremony consultations, logistics services, and venue management, establishing a new operational paradigm for large-scale events [1][9] Venue Renovation and Upgrades - The event focused on green upgrades of existing venues, with China Resources Land involved in the renovation of eight major venues, including Shenzhen Bay Sports Center and Longhua Sports Center, completing significant upgrades within tight timelines [1][6] - Multiple venues achieved early acceptance, with the Longgang and Nanshan venues reaching milestones in 95 days and 150 days respectively, and Shenzhen Bay Sports Center completing a 3,500 square meter display screen upgrade in 60 days, featuring the world's largest holographic screen [1][8] Event Operations and Service System - China Resources Land's subsidiary, China Resources Sports, managed the event operations across four competition zones, covering various sports and involving 612 professionals to support 143 competitions [7] - The opening and closing ceremonies were complex, with the company executing a detailed plan that allowed for the dismantling of an 18,000 square meter stage and the removal of 1,200 tons of materials within a tight timeframe, ensuring smooth transitions [7] Post-Event Integration and Urban Services - The operational support during the event included facility management, safety inspections, and audience services, with 702 professionals ensuring stable venue operations amid high-density events [8] - The experience and systems developed during the event are expected to continue benefiting the city post-event, transforming into shared sports resources for citizens and providing replicable experiences for future cross-city collaborations in the Greater Bay Area [9]

Core Insights - The 15th National Games held in Shenzhen served as a comprehensive test of regional collaboration, urban governance, and event organization capabilities in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Event Preparation and Venue Upgrades - Eight major venues in Shenzhen underwent high-quality renovations within a tight schedule, with a focus on green upgrades [2] - The Shenzhen Bay Sports Center completed a 3,500 square meter display screen upgrade in 60 days, including the world's largest holographic screen [8] - Systematic upgrades included nearly 50 accessibility features, approximately 20,000 new seats, and the deployment of smart event systems such as 5G networks and intelligent sound systems [4] Group 2: Event Operations and Support - A total of 612 professionals from China Resources Sports participated in the organization of 143 competitions across four major venues [7] - The opening and closing ceremonies required complex logistics, with the stage dismantling and material removal completed 36 hours ahead of schedule [11] - Catering and accommodation services were provided for 6,900 athletes and 2,100 technical officials across 28 hotels [13] Group 3: Post-Event Integration and Urban Services - China Resources Lifestyle managed the operational support for five venues, ensuring stable operations during high-density events [14] - The experience and systems developed during the National Games will continue to serve the city, transforming into shared sports resources for citizens [16] - The event showcased the multifaceted role of strong enterprises in urban construction and public service, highlighting their capabilities in event organization and sustainable operation [16][17]

Core Insights - The 15th National Games concluded successfully, with China Resources Land playing a crucial role in venue renovation, event operation, and logistics support in the Shenzhen region [1][5] Group 1: Venue Renovation and Upgrades - Eight major venues underwent high-quality renovations within a tight schedule, with China Resources Land involved in the entire construction process for several key venues [2] - Notable achievements include the Shenzhen Bay Sports Center completing a 3,500 square meter display screen upgrade in just 60 days, and the Longgang International Cycling Venue passing international professional inspections [2] - Systematic upgrades included nearly 50 accessibility features, approximately 20,000 seat renovations, and the deployment of advanced smart event systems [2] Group 2: Event Operation and Service System - China Resources Land's subsidiary, China Resources Sports, managed the operation and sports presentation for four major competition zones, covering various athletic events [3] - A total of 612 professionals were involved in on-site command, venue operation, equipment allocation, and guest reception during the 143 competitions held [3] Group 3: Post-Event Operations and Urban Integration - The company also managed the operational support for five venues, ensuring stable operations through facility maintenance, safety inspections, and audience services [4] - Since 2008, China Resources Land has participated in the construction and operation of 20 sports venues, supporting 39 national and international events, with the experience gained from this event expected to benefit urban public service systems in the future [4][6]