在英国首相斯塔默访华的一众随行企业名单中，一家名为章鱼能源（Octopus Energy）的企业颇受业内 关注。 2026年1月30日举行的中英商务论坛上，这家英国最大的电力交易公司与一家中国新兴能源企业达成了 合作——章鱼能源与碧澄能源将在华合资设立一家聚焦电力交易业务的公司，此举被视作近些年来中英 能源领域又一项标志性的进展。 事实上，上述合作的主角双方，都是各国能源领域的后起之秀。 碧澄能源的前身是保碧新能源，成立于2022年，早年因其是房地产龙头企业保利和碧桂园联合孵化跨界 新能源，受到业内关注。2025年，保碧新能源更名"碧澄能源"，其最新股东包括普洛斯、淡马锡、蔚来 等旗下资本。 章鱼能源于2015年成立，这家公司仅用十年时间就迅速成长为英国本土最大电力供应商，并且与中国多 家能源企业互动频繁。 "章鱼"为何盯上中国的电力交易市场？它能否为中国智慧能源领域的发展带来"鲶鱼效应"呢？ 合作仅用半年就谈妥 章鱼能源与碧澄能源计划设立的合资公司，将聚焦共建电力数字交易平台。 碧澄能源董事长兼首席执行官李文轩在接受媒体采访时透露，鉴于两家公司之间在业务层面形成天然互 补——碧澄能源所处的中国市场和应用范围 ...

碧桂园服务(06098)发布公告，于2026年2月2日，该公司斥资1134.6万港元回购180万股股份，每股回购 价6.26-6.35港元。 ...

格隆汇2月2日丨碧桂园服务(06098.HK)发布公告，2026年2月2日耗资1134.6万港元回购180万股，回购 价格每股6.26-6.35港元。 ...

智通财经APP讯，碧桂园服务(06098)发布公告，于2026年2月2日，该公司斥资1134.6万港元回购180万 股股份，每股回购价6.26-6.35港元。 ...

碧桂园(02007)发布公告，于2026年2月2日，自2025年6月30日起计78个月到期的零息强制性可转换债券 (强制性可转换债券(A))获转换而发行7254.03万股股份。 于2026年2月2日，自2025年6月30日起计114个月到期的零息强制性可转换债券(强制性可转换债券(B))获 转换而发行5.13万股股份。 ...

于2026年2月2日，自2025年6月30日起计114个月到期的零息强制性可转换债券(强制性可转换债券(B))获 转换而发行5.13万股股份。 智通财经APP讯，碧桂园(02007)发布公告，于2026年2月2日，自2025年6月30日起计78个月到期的零息 强制性可转换债券(强制性可转换债券(A))获转换而发行7254.03万股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 碧桂園控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期： 2026年2月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02007 | 說明 | 普通股 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | | 事件 | 已發行股份（ ...

Core Viewpoint - The repeated failure of land auctions in the Jincheng area of Jinning District indicates a lack of market demand for the property, reflecting broader challenges in the real estate sector in the region [1][3]. Group 1: Land Auction Results - A residential land plot in Jincheng, Jinning District, failed to sell in two consecutive auctions, with the same area, floor area ratio, and starting price both times [2][3]. - The land was originally intended for the Huashan City Park project but was returned by the developer, leading to its re-auction [2][3]. Group 2: Real Estate Market Conditions - The real estate market downturn has significantly impacted suburban areas like Jinning more than the main urban districts, resulting in a lack of new projects and several bankruptcies among local developers [5][9]. - Two real estate companies, Yunnan Qiansheng Real Estate Co., Ltd. and Kunming Zhonghe Shidi Real Estate Co., Ltd., recently declared bankruptcy, leaving unfinished projects that need resolution [5]. Group 3: Historical Context and Development Trends - Jinning District was once a key beneficiary of urban expansion in Kunming, but policy shifts in 2021 have led to a slowdown in real estate development [7][10]. - The district had over 20 projects launched during the peak of real estate investment in 2019, but the current situation shows a stark contrast with a significant decline in new investments [7][9]. Group 4: Future Potential - Despite current challenges, Jinning District has favorable conditions for real estate development, particularly in the tourism and wellness sectors, contingent on a stabilization of the national real estate market and improved integration with Kunming [10].

Group 1 - The Hong Kong stock market faced pressure in Q4 2025 but showed significant strength entering 2026, with net inflows from southbound funds exceeding 58 billion yuan [1] - In 2025, cumulative net inflows from southbound funds reached 1.3 trillion yuan, the highest since the launch of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs [1] - As of January 29, 2026, the Hang Seng Index had risen by 9.12% year-to-date, ranking among the top global indices [1] Group 2 - Morgan Stanley's fund manager noted that the valuation of core technology assets in the Hong Kong stock market has improved following a value reassessment in 2025, indicating high cost-effectiveness for investment [2] - The outlook for 2026 is cautiously optimistic, with expectations of further recovery in corporate earnings driven by macro policies and liquidity improvements [2] - The Hong Kong stock market is still considered undervalued compared to U.S. and Japanese markets, presenting significant potential for valuation recovery [2] Group 3 - HSBC Jintrust Fund anticipates a positive performance for the Hong Kong stock market in 2026, supported by reduced overseas uncertainties and expected recovery in corporate earnings [3] - The overall earnings growth for the Hong Kong market is projected to achieve high single-digit growth in 2026, with the Hang Seng Technology sector potentially reaching double-digit growth [3] - The Hong Kong market demonstrates strong attractiveness in terms of both valuation and earnings growth compared to global markets [3]

Investment Rating - The industry investment rating is maintained as "Buy" [3] Core Views - The real estate market is entering a traditional off-season, with expectations for stronger policy support [3] - In January, the transaction volume of second-hand homes outperformed new homes, indicating a preference for second-hand properties due to better value [8] - The performance of the real estate sector has improved recently, driven by marginal improvements in transaction data and expectations for policy changes [8] Summary by Sections Recent Industry Performance - Over the past 12 months, the relative return compared to the CSI 300 index has been -9%, while the absolute return has been +15% [4] - In January, the transaction volume of second-hand homes in core cities showed significant year-on-year growth, while new home transactions remained weak [5][6] Key City Insights - Beijing: Second-hand home transactions increased by 397% year-on-year, while new home transactions rose by 565% [5] - Shanghai: Second-hand home transactions increased by 806% year-on-year, while new home transactions rose by 525% [6] - Shenzhen: Second-hand home transactions increased by 15% year-on-year, but new home transactions decreased by 64% [6] National Trends - In 30 major cities, the transaction area for new homes increased by 109% year-on-year, but decreased by 26.66% when adjusted for the Spring Festival [7] - The transaction area for second-hand homes increased by 309% year-on-year, with a 12% increase in cumulative transactions for January [7] Investment Recommendations - The report suggests focusing on leading real estate companies with land reserves in core cities and high-end improvement products, such as Poly Developments [8] - It also recommends head intermediary firms like I Love My Home, which are expected to benefit from the increasing share of second-hand home transactions [8]