PACIFIC SECURITIES(SH:601099) Xin Lang Cai Jing·2025-09-24 02:30Market Performance - On September 23, 2025, the equity market saw a majority of sectors decline, with the Shanghai Composite Index and Shenzhen Composite Index falling by 0.18% and 0.78% respectively, while the CSI 300 and CSI 500 dropped by 0.06% and 0.61% respectively [1] Stock Performance - The top five gainers in the real estate sector were Shahe Co., Zhangjiang Hi-Tech, Dalong Real Estate, Shen Zhen Ye A, and Wolong Real Estate, with increases of 10.03%, 10.01%, 9.87%, 6.44%, and 5.02% respectively [2] - The largest decliners included Dianzicheng, Xiangjiang Holdings, Guangda Jiabao, Jintou Chengkai, and Tiandi Source, with decreases of -10.02%, -10.00%, -7.99%, -7.64%, and -7.51% respectively [2] Industry News - Xiamen successfully auctioned four residential land parcels on September 23, raising a total of 8.125 billion yuan. The winning bidders included Xiangyu Joint Venture, Jianfa, Guotai, and Xiamen Metro, each securing one parcel [3][4] - In Chengdu, three residential land parcels were sold for a total of 1.284 billion yuan, with all parcels sold at the starting price. The total planned building area for these parcels is 179,600 square meters [5] - The Ministry of Natural Resources announced that over 2,300 counties and cities nationwide have implemented a "delivery of house and certificate" reform, resolving over 2.3 million historical housing issues since 2025 [6] Company Announcements - New Hope Real Estate announced the completion of its "25 Hope 02" issuance on September 23, with an actual issuance scale of 520 million yuan, a term of 2 years, and a final coupon rate of 3.6%, achieving a subscription multiple of 1.4615 times [7] - Financial Street announced the resignation of board member Wang Yili due to personal reasons [8][9]