Series RIKB 27 0415RIKS 29 0917Settlement Date 07/23/202507/23/2025Total Amount Allocated (MM) 5,3983,465All Bids Awarded At (Price / Yield) 100.420/7.69099.840/3.540Total Number of Bids Received 3438Total Amount of All Bids Received (MM) 10,7818,391Total Number of Successful Bids <td colspan="3" style="border-right: solid black 1pt ; border-left: solid black 1pt ; text-al ...

Series RIKV 25 1119Settlement Date 07/16/2025Total Amount Allocated (MM) 19,612All Bids Awarded At (Price / Simple interest) 97.392/7.651Total Number of Bids Received 25Total Amount of All Bids Received (MM) 38,212Total Number of Successful Bids 17Number of Bids Allocated in Full 17Lowest Price / Highest Simple Interest Allocated 97.392/7.651Highest Price / Lowest Simple Interest Allocated 97.476/<td style="border-right: solid black 1pt ; text-align: right ; vertical-align: m ...

The Original Birkin Bag Just Set An Auction Record. Plus: How Being Too Helpful Hurts Your Career https://t.co/XuZQlxoFZ9 https://t.co/XuZQlxoFZ9 ...

Luxury Goods Market - Original Birkin Bag 在拍卖会上创下纪录 [1] Career & Workplace Dynamics - 过度乐于助人可能会损害职业发展 [1]

The Original Birkin Bag Just Set An Auction Record. Plus: How Being Too Helpful Hurts Your Career https://t.co/ad9giXFblW by @ForbesWomen editor @mcgrathmag ...

The Original Birkin Bag Just Set An Auction Record. Plus: How Being Too Helpful Hurts Your Careerhttps://t.co/AN1kNPFTUs https://t.co/IoWx1oH7Oy ...

Group 1 - The core viewpoint indicates that since 2025, the new housing market in key cities has shown marginal improvement, with an increase in the supply of quality land, leading to high land auction enthusiasm and a year-on-year increase in land transfer fees, despite a decline in the overall area launched and transacted [1][2] - In the first half of 2025, the planned construction area for residential land in 300 cities was 210 million square meters, a year-on-year decrease of 19.4%, while the transaction area was 170 million square meters, down 5.5%, with the decline narrowing by 26.7 percentage points compared to the same period last year [1] - The land transfer fees for residential land in the first half of 2025 reached 860 billion yuan, representing a year-on-year increase of 27.5% [1] Group 2 - Competition for quality land in core cities has intensified, with 39.2% of residential land transactions in 22 key cities being premium sales, an increase of 8.9 percentage points year-on-year [2] - In the first half of 2025, the average premium rate for land in Hangzhou reached 35.5%, while Shanghai and Chengdu both exceeded 20% [2] - The land auction sentiment has weakened since May, with the premium transaction ratio dropping to 36.1% in the second quarter, down 7.2 percentage points from the first quarter [2] Group 3 - Chengdu has continued to increase the supply of quality land, with 56 residential land transactions, 28 of which were premium sales, including 11 with premium rates exceeding 30% [3] - In Beijing, 22 residential land transactions occurred, with 9 being premium sales, and 3 of those exceeding a premium rate of 20% [3] - The market shows significant differentiation, with some cities like Suzhou also experiencing premium sales, while many other transactions were at base prices [3] Group 4 - In the first half of 2025, the top 100 enterprises acquired land totaling 506.55 billion yuan, a year-on-year increase of 33.3%, primarily driven by state-owned enterprises [6] - The cities of Beijing, Hangzhou, Shanghai, and Chengdu are key areas for enterprise investment, with 8 companies acquiring over 20 billion yuan in land, predominantly in Beijing [6] - The trend of "reducing quantity and improving quality" in land supply is expected to continue, with core plots in hot cities maintaining high premium transactions, while many third and fourth-tier cities will see base price transactions [6]

Core Insights - The recent land auction in Shenzhen's Longhua Minzhi area saw intense competition, with China Overseas Shenzhen Real Estate Development Co., Ltd. winning the bid after over 100 rounds of bidding, securing the land for 2.37 billion yuan, which reflects a premium rate of 40.74% [1][3] Group 1: Auction Details - The land parcel A802-0309 was initially designated for commercial office use but was converted to residential use after policy adjustments [1] - The starting price for the land was set at 1.684 billion yuan, and after 108 bids, it was acquired for 2.37 billion yuan, resulting in a floor price of 38,795.22 yuan per square meter [1][3] - The total land area is 21,820.58 square meters, with a planned construction area of 61,090 square meters, including residential, commercial, and community facilities [1] Group 2: Market Context - The auction attracted six real estate companies, indicating strong interest in the land despite the high bidding competition [1] - The land sale follows a "highest bidder wins" principle, with no sales price cap or restrictions on housing types, allowing for greater development flexibility [3] - The location is strategically positioned near Shenzhen North Station and is close to the Minle Metro Station, enhancing its appeal [3] Group 3: Market Analysis - According to industry analysts, the high premium in recent Shenzhen land auctions is attributed to a combination of core location, low-density quality, and favorable policy conditions [3] - The market is expected to further differentiate, with core areas continuing to see high demand while non-core areas remain subdued [3]

Sotheby’s is auctioning off the largest piece of Mars that has ever fallen to Earth. https://t.co/ySzrBnE3Kh https://t.co/mwbNRLr3Ty ...

Series RIKB 32 1015Settlement Date 07/08/2025Total Amount Allocated (MM) 11,600All Bids Awarded At (Price / Yield) 99.234/7.130Total Number of Bids Received 13Total Amount of All Bids Received (MM) 14,600Total Number of Successful Bids 9Number of Bids Allocated in Full 9Lowest Price / Highest Yield Allocated 99.234/7.130Highest Price / Lowest Yield Allocated 99.289/7.120<td ...