Group 1 - The performance of Chinese property stocks is active, with notable increases in share prices for companies such as R&F Properties (up 3.5% to HKD 0.148), Greentown China (up 2.95% to HKD 9.07), China Overseas Macro Group (up 2.46% to HKD 2.08), and China Fortune Land Development (up 2% to HKD 0.51) [1][1][1][1] - The National Bureau of Statistics reported that in December 2025, the sales prices of newly built commercial residential properties in first-tier cities decreased by 0.3% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month, while Shanghai saw an increase of 0.2% [1][1] - Shenwan Hongyuan believes that the fundamentals of China's real estate market have undergone deep adjustments, and with recent central government directives aimed at stabilizing the real estate market, there is an expectation for positive policy changes in the industry [1][1][1] - The report highlights that the current sector allocation is at a historical low, and some quality companies have price-to-book (PB) valuations or absolute market values that are at historical lows, making them attractive for investment [1][1]
港股异动 | 内房股表现活跃 融信中国(03301)涨超3% 中国海外宏洋集团(00081)涨超2%