日前，由华远集团、财信资产、世联行（002285）三方强强联合设立的湖南财信世远公司，在长沙隆重 举行开业暨合作项目签约仪式。活动现场，签署了包括项目合作与服务协议在内的多项协议，实现了开 业即签约、起步即加速的良好开局，充分展现了市场对公司商业模式与发展前景的高度认可。 据了解，"资本+开发+运营"三位一体模式为业内首个跨地域国企之间横向联通。此前，华远在湖南长 沙已投资建设酒店、商业、写字楼、豪宅等多元业态，市场口碑良好，有坚实的品牌基础。祝林表示， 华远内部已展开对于湖南市场的基本面调研，并对专业条线予以梳理。 这标志着"资本+开发+运营"三位一体的资产服务新模式全面落地，湖南财信世远公司将在存量资产盘 活与价值提升方面持续发力，也为存量时代的国企转型提供了新的解法。 战略升维：从开发商到"综合服务商"的生态重构 面对传统房地产行业深度调整，华远集团果断推动战略升维，构建起"城市更新与资产管理、健康生活 与服务、智慧科技与服务"三位一体的产业生态，明确了向"智慧美好生活综合服务商"的全面转型。 战略升维在代建业务上得到集中体现。华远代建已形成覆盖全流程的成熟体系，从北京金融科技中心的 升级改造，到华远铂 ...

作为运营业务的核心引擎，龙湖商业投资展现出极强的战略定力。2025年，龙湖商业如期新增运营13座 购物中心，截至年末，累计运营商场已超百座，覆盖全国26座高能级城市。这不仅意味着布局规模的持 续扩大，更代表着网格化布局的深化，为租金收入的逆周期增长奠定了坚实基础。数据显示，2025年1- 12月，由商业投资与资产管理组成的运营业务，累计实现运营收入151.9亿元（含税）。 过去一年，龙湖商业在"精细运营"与"产品迭代"上双向发力。一方面，通过打造"天街庙会"、"天街欢 乐季"等原创营销IP，融合超级场景与在地文化，成功在线上线下流量争夺中塑造独特的体验优势，驱 动客流与营业额增长。另一方面，持续推动存量头部项目改造焕新，如历时600余天完成全面升级的重 庆北城天街，以及通过开辟"山谷"立体街区重塑空间价值的苏州狮山天街，均以"首店经济"和场景革命 巩固了项目长期竞争力。在新开业项目上，武汉滨江天街以"公园式超级综合体"和TOD模式成为旗舰标 杆，重庆江岸天街则以创新的"浮岛中庭"和"南岸集市"打造了游购新体验，显示出龙湖商业"一店一 策"的差异化经营能力。 来源：环球网 【环球网财经报道 记者 王楠】在房地产 ...

Core Viewpoint - The company, Chao Gao Mei Group, has signed a new lease agreement to open four new restaurants, which aligns with its operational strategy and benefits shareholders [1] Group 1: New Restaurant Openings - The new lease agreement was signed with a wholly-owned subsidiary of the owner, Fengshu Industry Private Limited, for four new restaurants [1] - The tentative names of the new restaurants are: (1) Niuqi, (2) Jinlong, (3) Majizao, and (4) Social Korean [1] - Social Korean will be a casual Korean fusion restaurant and is expected to start operations in the third quarter of 2026 [1] Group 2: Owner and Location Details - The owner is a leading global real estate developer and high-end shopping center operator, managing 938 properties across 13 markets including Singapore, the USA, France, Germany, and Japan [1] - The new restaurants will be located in Another City, a high-end shopping center in Hong Kong, which is a major transit hub with over 200 shops and restaurants, as well as 229,000 square feet of office space [1] - The board believes that opening new restaurants in high-traffic shopping centers like Another City aligns with the company's operational strategy and serves the best interests of the company and its shareholders [1]

Core Viewpoint - Shenzhen Holdings (00604) reported a significant decline in contract sales for Q4 2025, with a focus on adjusting marketing strategies to enhance sales amid market fluctuations [1] Real Estate Development - The company achieved an unaudited contract sales amount of approximately RMB 3.473 billion in Q4 2025, a year-on-year decrease of 61.56%, with a contract sales area of about 189,700 square meters [1] - For the entire year of 2025, the total unaudited contract sales amounted to approximately RMB 13.311 billion, down 21.55% year-on-year, with a total contract sales area of about 617,900 square meters [1] - The company ensured quality project delivery, completing 16 phased projects in 2025 with a total construction area of approximately 1.545 million square meters [1] - Several projects received industry accolades, including awards for design excellence [1] Urban Comprehensive Operation - The company’s operational capabilities were recognized, with its subsidiary, Deep Industry Operations, being awarded "2025 Leading Brand in Property Service Quality" and ranking 15th in the "Top 100 Property Service Companies in the Guangdong-Hong Kong-Macao Greater Bay Area" [2] - Deep Industry Commercial Management received multiple honors, including "Top 5 in Commercial Property Service Capability" [2] - The company is expanding its operational projects, including the successful bid for the Huafu Village project, marking the first project under its community commercial product line [2] Service Quality Improvement - Deep Industry Commercial Management introduced high-end retail brands and technology-driven stores, enhancing the commercial experience [3] - The company is exploring smart city service scenarios, winning an award for innovative applications in urban sanitation [3] - The Deep Industry Investment Plaza achieved full occupancy within seven months, demonstrating effective management in a competitive market [3] Market Expansion - The company accelerated its light asset output and diversified its business operations, successfully securing commercial projects for major banks and service agreements for serviced apartments [4] - Significant progress was made in the mid-to-high-end segment of the property sector, with successful bids for various projects, enhancing the company's national presence [4]

Core Viewpoint - Chengdu is implementing a comprehensive renovation plan for old urban courtyards to eliminate major safety risks and improve living conditions, with a focus on creating a harmonious community environment [1][5]. Group 1: Renovation Objectives - By the end of 2022, Chengdu aims to eliminate existing D-level dangerous houses and major safety risks related to gas, electricity, drainage, and security in old courtyards [2][3]. - By the end of the "14th Five-Year Plan," the renovation of urban old courtyards built before the end of 2004 is expected to be largely completed [2][5]. Group 2: Types of Renovation - Renovation projects are categorized into four types: safety, basic, improvement, and enhancement [3][4]. - Safety: Focuses on eliminating major safety risks related to building structures, gas, and other hazards [3]. - Basic: Involves repairs to roofs, exterior walls, and drainage systems based on community needs [4]. - Improvement: Encourages the installation of elevators and other enhancements based on community willingness [4]. - Enhancement: Aims to upgrade community services and infrastructure once basic standards are met [4]. Group 3: Implementation Principles and Funding - The renovation plan is guided by five principles: people-oriented, tailored strategies, multi-party participation, priority on protection and historical preservation, and balanced construction and management [5]. - From 2022 to 2025, a total of 2,242 old courtyards will be renovated, benefiting approximately 233,000 residents with a total investment of about 5.5 billion yuan [5]. - Financial support includes an average subsidy of 5,000 yuan per household in certain districts and 2,000 yuan in others for hardware renovations [5][6]. Group 4: Additional Support Measures - Newly established residents' committees or self-governing organizations in old courtyards will receive a one-time subsidy of 50,000 yuan for daily maintenance and management [6]. - A subsidy of 200,000 yuan will be provided for the installation of elevators in existing residential buildings [7].

Group 1 - The Sanya International Forum and the Fifth Sanya Wealth Management Conference were held on December 27, focusing on the future positioning of Hainan Free Trade Port and new opportunities in Sanya [1] - CITIC Group aims to leverage its "finance + industry" synergy to support the construction of Hainan Free Trade Port, particularly in urban renewal, industrial introduction, and infrastructure management [1][6] - CITIC City Development has inherited nearly 30 years of real estate development experience and will focus on urban development and operation rather than high-leverage, high-turnover models [5] Group 2 - The company has over 2 trillion yuan in managed assets and is involved in risk resolution for problematic real estate projects, including unfinished buildings and affordable housing [5] - There has been a significant increase in external population coming to Hainan for tourism, investment, and business registration, which is expected to drive demand for quality housing [7] - The company suggests that Hainan should fully lift purchase restrictions to enhance its global appeal as a free trade port [8]

Core Viewpoint - The Chinese real estate industry is undergoing a significant transformation from "development logic" to "operation logic," with China Jinmao emerging as a pioneer in this shift, leveraging its full-cycle asset management capabilities to create a stable and certain "second growth curve" through premium holding businesses [1]. Group 1: Business Strategy and Growth - China Jinmao is focusing on a full-cycle asset management approach, which includes investment, financing, construction, management, and exit strategies, to establish a new commercial ecosystem that spans from urban cores to community ends [1]. - The company has expanded its portfolio to 80 held and operational projects, totaling approximately 3.6 million square meters, with an additional nearly 6 million square meters in construction or planning, covering major cities like Beijing, Shanghai, and Shenzhen [1]. Group 2: Commercial Development - The "second growth curve" is supported by three main commercial product lines: "Lanxiu City," "Jinmao Hui," and "Fengmao Li," which cater to urban-level, regional quality, and community-specific commercial developments, respectively [2]. - The Lanxiu City project in Changsha serves as a benchmark for urban commercial development, maintaining a rental rate of 98% over nine years and leading regional sales and foot traffic [2][3]. Group 3: Community and Regional Projects - The Nanjing Lanxiu City is branded as a "young energy field," attracting a new generation of consumers with trendy stores and quality dining experiences [3]. - The Tianjin Jinmao Hui showcases unique industrial heritage transformation, preserving historical elements while integrating modern commercial spaces [5]. Group 4: Light Asset Management - China Jinmao is exploring light asset management strategies, as seen in the Qinwang Water Street project in Hangzhou, which opened with over 100,000 visitors on its first day and features nearly 70 quality brands [9]. - The company is also expanding its hotel operations through light asset management, with successful openings planned for 2025 [9]. Group 5: Financial Performance and Market Position - China Jinmao ranks 14th in the "2024 Domestic Real Estate Company Operating Income Ranking" by CRIC, recognized as one of the fastest-growing state-owned enterprises in terms of operating income [10]. - The company is building a sustainable long-term development ecosystem supported by premium holdings, light asset operations, and REITs listings, ensuring a stable cash flow and strong performance [10].

Core Insights - The development of new quality productivity has become an internal requirement and important focus for promoting high-quality development, with state-owned enterprises playing a crucial role in this process [2] - Chongqing Real Estate Group has reported significant achievements, including total assets exceeding 137.3 billion yuan, a 13% increase from the end of the 13th Five-Year Plan, and has maintained a leading position among state-owned enterprises in Chongqing [2] Group 1: Asset Management and Financial Performance - Chongqing Real Estate Group has actively explored new paths for asset revitalization, achieving over 16 billion yuan in asset revitalization during the 14th Five-Year Plan, recovering 9.365 billion yuan in funds, ranking among the top five in the Chongqing state-owned asset system [3] - The first asset-backed security (CMBS) of 2.06 billion yuan was successfully issued, promoting the transformation of commercial properties from "holding operation" to "capital operation," enhancing the brand's visibility [3] Group 2: Urban Renewal and Community Development - The group has implemented six urban renewal projects and is advancing nine ongoing projects, focusing on micro-renovations and optimizing facilities to revitalize old buildings and create new urban living and consumption spaces [7] - The Chongqing Open Port Park has received over 6 million visitors, serving as a new leisure landmark while enhancing the cultural and public service functions of the area [8] Group 3: Housing and Community Services - The "Chen Yu" brand, a core brand for affordable rental housing, has revitalized 420,000 square meters of idle assets, providing over 9,000 rental units and achieving a satisfaction rate of over 95% [9] - The "Kang Tian" company has developed over 5.5 million square meters of residential space, receiving multiple awards for quality, and has been recognized as a leading brand in housing rental [9] Group 4: Infrastructure Development - During the 14th Five-Year Plan, the group undertook 37 engineering projects, completing investments of 23.4 billion yuan and finishing 11 major municipal projects, enhancing urban traffic efficiency [11] - The group has opened 135 roads, completed 113, and opened 104.6 kilometers of roads, improving local transportation and accessibility for residents [11] Group 5: Future Outlook - Moving forward, the group aims to leverage the "Yudi" brand to align with major initiatives such as the Chengdu-Chongqing economic circle and digital development, focusing on market-oriented transformation and enhancing core competitiveness [14]

Core Insights - The 15th National Games concluded successfully, with China Resources Land playing a crucial role in venue renovation, event operation, and logistics support in the Shenzhen region [1][5] Group 1: Venue Renovation and Upgrades - Eight major venues underwent high-quality renovations within a tight schedule, with China Resources Land involved in the entire construction process for several key venues [2] - Notable achievements include the Shenzhen Bay Sports Center completing a 3,500 square meter display screen upgrade in just 60 days, and the Longgang International Cycling Venue passing international professional inspections [2] - Systematic upgrades included nearly 50 accessibility features, approximately 20,000 seat renovations, and the deployment of advanced smart event systems [2] Group 2: Event Operation and Service System - China Resources Land's subsidiary, China Resources Sports, managed the operation and sports presentation for four major competition zones, covering various athletic events [3] - A total of 612 professionals were involved in on-site command, venue operation, equipment allocation, and guest reception during the 143 competitions held [3] Group 3: Post-Event Operations and Urban Integration - The company also managed the operational support for five venues, ensuring stable operations through facility maintenance, safety inspections, and audience services [4] - Since 2008, China Resources Land has participated in the construction and operation of 20 sports venues, supporting 39 national and international events, with the experience gained from this event expected to benefit urban public service systems in the future [4][6]

Core Insights - The opening of the Waldorf Astoria Hotel marks a significant milestone in the development of the Qiantan area, showcasing the completion of a comprehensive urban project led by Lujiazui Group [1][14] - The "NEWWAVE" community co-creation salon emphasizes the importance of cultural nourishment in enhancing individual lifestyles, reflecting a shift towards a more integrated community approach [3][5] - Lujiazui Group's long-term commitment to creating a vibrant urban ecosystem is evident in its strategic planning and operational execution, aiming to foster a self-sustaining community [8][10] Group 1: Urban Development and Planning - Lujiazui Group has been actively involved in the Qiantan area for over a decade, focusing on cohesive urban development that ensures quality and sustainability [1][10] - The area is transforming into a dynamic urban entity, integrating various functions such as business, culture, and residential living [3][12] - The introduction of high-end amenities and international brands reflects the strategic vision of Lujiazui Group to create a high-energy industrial ecosystem [10][17] Group 2: Community Engagement and Lifestyle - The salon event highlighted the need for a community-driven approach to urban living, where cultural activities play a crucial role in enhancing the quality of life [3][5] - Lujiazui Group aims to create a "living space" that respects individual freedoms and fosters diverse possibilities for residents [5][8] - The ongoing cultural and commercial activities in Qiantan ensure a vibrant and engaging environment, moving away from monotonous living experiences [12][18] Group 3: Operational Strategy and Sustainability - Lujiazui Group's operational strategy emphasizes a unified approach to urban development, focusing on long-term sustainability and community engagement [8][13] - The company is committed to creating a comprehensive lifecycle management system for its properties, ensuring ongoing value creation for residents [10][18] - The integration of various urban functions and innovative development models aims to maximize land value while promoting a harmonious living environment [12][14]