Cai Jing Wang·2025-04-25 08:05Group 1 - China Communications Construction Company plans to transfer its real estate development assets and liabilities to its controlling shareholder, aiming to focus on property management and asset management to enhance profitability and asset quality [1] - Poly Developments has received approval from the China Securities Regulatory Commission to issue convertible bonds, with the approval valid for 12 months from the date of registration [2] - In Hangzhou, two residential land parcels were sold for approximately 4.473 billion, with an average premium rate of 63.7%, indicating strong demand in the real estate market [3] Group 2 - The Central Political Bureau of the Communist Party of China emphasized the need to stabilize the real estate market and implement policies to address local government debt and enhance housing supply [4] - The Ministry of Housing and Urban-Rural Development is advancing urban dilapidated housing renovations and enhancing safety management for urban and rural housing [5]