Market Performance - The Hang Seng Index closed up 0.95%, the Hang Seng Tech Index rose 0.56%, and the State-Owned Enterprises Index increased by 0.51% on February 27 [1] - Southbound capital saw a net inflow exceeding 14 billion HKD [1] Stock Movements - Major tech companies such as Tencent rose over 1%, while Meituan, JD.com, and Baidu also experienced gains; Alibaba initially increased by over 1.7% but fell back towards the end of trading [1] - Specific sectors like optical communication, steel, non-ferrous metals, rare earths, and innovative pharmaceuticals saw significant increases, with Longi Green Energy rising nearly 10%, Maanshan Iron & Steel up 6.6%, and Kweichow Moutai increasing by 6% [1] IPO Market Outlook - Multiple institutions express optimism regarding the Hong Kong IPO market for 2026, with UBS predicting a financing scale exceeding 300 billion HKD and around 150-200 listings [3] - Huatai Securities estimates the main board IPO financing scale at approximately 310 billion HKD with about 100 new companies [3] - Deloitte forecasts around 160 new listings in the Hong Kong market with a financing amount not less than 300 billion HKD [3] - PwC anticipates about 150 new listings with total fundraising between 320 billion to 350 billion HKD, potentially ranking among the top three globally [3] Technology Sector Valuation - Analysts from China Merchants Securities indicate that the current valuation of the Hong Kong tech sector has dropped to historical lows, suggesting that the sector is significantly undervalued in the context of the AI development and technology-driven national strategy [3]

Group 1 - The company, Country Garden, announced the issuance of 266 million shares due to the conversion of zero-coupon mandatory convertible bonds, which will mature 78 months after June 30, 2025 [1]

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： 碧桂園控股有限公司 (於開曼群島註冊成立之有限公司) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； (viii) 有關債券、借貸股份、票據或公司債券的信託契約/平邊契據經已製備及簽署，有關詳情已送呈公司註冊處處長存檔（如法律如此規定）。 呈交日期： 2026年2月27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 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 02007 | 說明 ...

消息面上，2月16日，碧桂园公告，香港高等法院已驳回针对碧桂园的清盘呈请。同日，根据碧桂园披 露的股份发行报表，碧桂园累计发行股份数已达416.55亿股，在重组方案落地后发行的新股份数合计 137.27亿股。且碧桂园已向债权人支付3.98亿美元现金对价，约占重组债务本金的2%，履约效率远超市 场预期。 碧桂园(02007)午后涨超10%，本周累涨逾25%。截至发稿，涨10.61%，报0.365港元，成交额2.68亿港 元。 ...

消息面上，2月16日，碧桂园公告，香港高等法院已驳回针对碧桂园的清盘呈请。同日，根据碧桂园披 露的股份发行报表，碧桂园累计发行股份数已达416.55亿股，在重组方案落地后发行的新股份数合计 137.27亿股。且碧桂园已向债权人支付3.98亿美元现金对价，约占重组债务本金的2%，履约效率远超市 场预期。 智通财经APP获悉，碧桂园(02007)午后涨超10%，本周累涨逾25%。截至发稿，涨10.61%，报0.365港 元，成交额2.68亿港元。 ...

智通财经APP讯，碧桂园(02007)发布公告，于2026年2月26日因转换可转换债券而发行45.06万股。 该信 息由智通财经网提供 ...

碧桂园(02007)发布公告，于2026年2月26日因转换可转换债券而发行45.06万股。 ...

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： 碧桂園控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期： 2026年2月26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 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02007 | 說明 | 普通股 | | | | | | | 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 | | | ...

Core Viewpoint - Country Garden Holdings Co., Ltd. is successfully executing its offshore debt restructuring plan at an unexpectedly fast pace, with significant developments including the Hong Kong High Court rejecting a winding-up petition against the company and the issuance of new shares totaling 137.27 billion, which is nearly 50% of the pre-restructuring share capital [1][2]. Group 1: Debt Restructuring Progress - The company has paid $398 million in cash to creditors, representing about 2% of the restructured debt principal, exceeding market expectations for performance efficiency [1]. - The restructuring plan includes a "head cash payment" mechanism, which, while not high in proportion, provides substantial cash payments to creditors, ensuring their interests are protected and instilling market confidence [1][2]. Group 2: Market Performance and Investor Sentiment - Despite significant equity dilution, Country Garden's stock has shown resilience, with its market capitalization increasing to approximately HKD 13.7 billion, slightly up from HKD 12 billion before the share issuance [2]. - The proportion of shares held by mainland investors through the Hong Kong Stock Connect has risen to 17.7%, a notable increase from 15.3% at the end of 2025, indicating strong investor confidence [3]. Group 3: Broader Industry Context - The restructuring success of Country Garden sends a positive signal to global capital markets, demonstrating that leading real estate companies can manage risks and fulfill commitments even during industry downturns [2]. - The overall real estate sector has seen a significant reduction in risk, with valuations reaching historical lows, positioning many companies for a potential recovery [3].

Group 1 - Country Garden (碧桂园) announced the issuance of a total of 29.0452 million shares on February 25, 2026, as a result of the conversion of zero-coupon mandatory convertible bonds (Mandatory Convertible Bond A and Mandatory Convertible Bond B) [1]