海外地产周报：北京上海土拍市场反应热烈

Investment Rating - The report recommends the real estate and property management sectors, highlighting specific companies for investment [3][5][8]. Core Views - The report indicates a significant policy push to stabilize the real estate market, with a focus on major players such as China Resources Land, China Overseas Land, Greentown China, Yuexiu Property, and Longfor Group in the real estate sector [3][5]. - In property management, recommended companies include China Resources Vientiane Life, Greentown Service, China Overseas Property, Poly Property, and Yuexiu Service [3][5]. - The report also highlights the performance of Hong Kong local stocks, with specific recommendations for Swire Properties, Swire Pacific, Kerry Properties, and Sun Hung Kai Properties [3][5]. Market Performance - The Hang Seng Real Estate Index increased by 1.3% this week, while the Hang Seng Index rose by 1.0% [4][9]. - Notable performers in the real estate sector include CIFI Holdings (+8.2%), Sunac China (+6.4%), and China Jinmao (+5.9%) [13][15]. - In property management, Greentown Service (+4.9%), Sunac Service (+4.1%), and Jinmao Service (+3.5%) showed strong performance [15]. Stock Performance - The report lists the stock prices and market capitalizations of key companies, such as Link REIT (HKD 33.85, market cap HKD 872 billion), Hang Lung Properties (HKD 6.31, market cap HKD 302 billion), and CK Hutchison Holdings (HKD 40.50, market cap HKD 1,551 billion) [11]. - The report also notes the performance of other companies, including New World Development (+1.2%) and K. Wah International Holdings (+0.6%) [11]. Short Selling Activity - The report highlights short selling activity, with the top three companies by short selling volume being China Overseas Grand Oceans Group (33.1%), Jianfa International (31.6%), and Poly Property (31.3%) [23][24]. - The report also notes the outstanding short positions for Sunac China (16.2%), Vanke (15.1%), and Poly Property (10.0%) [23][24]. Property Management Holdings - The report details the changes in Hong Kong Stock Connect holdings, with increases for Country Garden Services (+1.58%), Yuexiu Property (+0.29%), and Greentown Management (+0.24%) [17][18]. - The report states that Vanke, Poly Property, and Sunac China have significant holdings in the Stock Connect, with percentages of 50.8%, 48.9%, and 35.0% respectively [17][18].