Mei Ri Jing Ji Xin Wen·2026-01-13 23:25Group 1: Real Estate Market Policies - Yinchuan has implemented eight measures to promote the stable and healthy development of the real estate market, focusing on land security, planning, housing quality, policy support, supply guarantees, promotional incentives, rights protection, and market regulation [1] - The new policy includes a dynamic adjustment mechanism for newly sold residential land, allowing for staggered payment of land transfer fees, and increases in public housing loan limits for families with two or more children [1] Group 2: Land Auction Results - Chengdu held its first land auction of 2026, selling five plots of residential and commercial land with a total area of approximately 141 acres, with the total transaction price around 910 million yuan [2] - The auction reflects a trend of bottom-price transactions and state-owned enterprise leadership, indicating a stable land market during the current adjustment period [2] Group 3: Regulatory Actions - The Hong Kong Stock Exchange has taken disciplinary actions against Xingyue Kanglv and China Aoyuan, citing violations of multiple listing rules and issues related to internal controls and benefit transfers [3] - The actions serve as a warning to the industry about the importance of improving corporate governance and compliance to navigate through market cycles [3] Group 4: Financial Forecasts - Huaxia Happiness has projected a net loss of 16 billion to 24 billion yuan for 2025, with potential negative equity by year-end, raising concerns about possible delisting from the Shanghai Stock Exchange [4] - The company needs to expedite its pre-restructuring process and debt restructuring to avoid severe consequences for stakeholders [4] Group 5: Financing Activities - Jianda Co. plans to issue 1 billion yuan in ultra-short-term financing bonds with a maturity of 180 days, aimed at supplementing operational funding for trade-related activities [5][6] - This move demonstrates the company's financial resilience and strategic determination amid the current challenges in the real estate sector and private enterprise financing [6]