Company - Baolong Real Estate (1238.HK) has seen a stock increase of 4.69%, currently priced at 0.335 HKD, with a market capitalization of 1.387 billion HKD [1] - The company announced a contract sales amount of approximately 602 million RMB and a contract sales area of about 54,800 square meters for the period ending August 2025 [1] - For the eight months ending August 31, 2025, the total contract sales amount reached approximately 4.906 billion RMB and the total contract sales area was around 428,600 square meters [1] Industry - Various cities have implemented policies to support the "Golden September and Silver October" sales window, reinforcing the stabilization and recovery of the real estate market [1] - Since late August, cities such as Shanghai, Suzhou, Changchun, and Shenzhen have introduced new real estate policies, including easing purchase restrictions, canceling sales limits, and providing home purchase subsidies to lower buying costs and stimulate housing consumption [1] - Among the cities, Shenzhen's new policy is noted to be more aggressive compared to the new policies introduced in Beijing and Shanghai in August [1] - CICC believes that the overall improvement in real estate sales performance still depends on the effective implementation of policies related to stock housing acquisition and urban village renovation, which will create a synergistic effect with the emotional boost from adjustments in purchase restrictions in major cities [2] - The investment opportunities in the real estate and property management sectors are recommended for continued attention, as both A-share and H-share real estate sectors have shown some performance recently, although absolute valuation levels remain low [2]
港股异动丨宝龙地产涨超4% 前8个月合约销售总额为49.06亿元