Zheng Quan Shi Bao Wang·2025-12-10 07:29Group 1 - The real estate sector showed significant gains on the afternoon of the 10th, with companies like Shilianhang, Vanke A, and others reaching their daily limit up [1] - Vanke's first bond extension meeting for "22 Vanke MTN004" was held to discuss the bond extension matters, with a final proposal being disclosed by SPDB on December 5 [1] - The "22 Vanke MTN004" bond, issued in December 2022, has a remaining balance of 2 billion yuan and a coupon rate of 3%, with a maturity date set for December 15, 2025 [1] Group 2 - According to Zhongyou Securities, the real estate industry is still in an adjustment cycle, with overall sales continuing to decline year-on-year [2] - Policy measures focusing on urban renewal and revitalizing existing assets are seen as key drivers for the industry's transformation [2] - Although market confidence is recovering slowly, strong policy expectations suggest a "moderate recovery driven by policy" in the economy [2]