Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on December 3, with a fixed rate and a total amount of 79.3 billion yuan, at an interest rate of 1.40%. The total bid amount matched the amount awarded, resulting in a net withdrawal of 134 billion yuan for the day, as 213.3 billion yuan in reverse repos matured [1]. Funding Conditions - The central bank's continued net withdrawal in the open market does not hinder the stable and accommodative trend in the interbank funding market at the beginning of the month. The weighted average interest rate of DR001 slightly increased but remained below 1.3%. Overnight quotes in the anonymous click (X-repo) system stayed around 1.28%, with significant supply. Non-bank institutions borrowed overnight funds using credit bonds as collateral, with quotes around 1.44% [3]. Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit among major national and joint-stock banks was around 1.65%, showing a slight increase compared to the previous day [8]. Government Bond Futures - The closing prices for government bond futures showed a decline in the 30-year main contract by 0.26%, while the 10-year, 5-year, and 2-year main contracts increased by 0.06%, 0.07%, and 0.03% respectively [13]. Key Economic Policies - The State-owned Assets Supervision and Administration Commission held a meeting emphasizing the optimization of the state-owned economy's layout and structural adjustments, focusing on technology and industry innovation, and high-quality development [14]. - Zhejiang province released a draft policy for public consultation aimed at promoting high-quality economic development, which includes securing funding support through long-term special bonds and policy financial tools [14]. - The Ministry of Commerce reported that from January to November, the trade-in of consumer goods generated over 250 billion yuan in sales, benefiting more than 360 million people [14]. Global Economic Insights - The U.S. Treasury Secretary indicated that the U.S. is expected to see "real wage growth" and "low-inflation growth," predicting a return to 4% economic growth by 2026 [16]. - South Korea's President noted stable prices, with rapid economic growth expected to exert upward pressure on prices, as the country's GDP grew by 1.3% in Q3, marking the highest increase in nearly 15 quarters [16]. Bond Market Developments - Japan's 30-year government bond yield rose by 5 basis points to 3.425%, reaching a record high [17]. - New City Holdings plans to issue new medium-term notes to repay 2 billion yuan due on December 12 [17]. - Xinda Real Estate canceled the issuance of 1.82 billion yuan in new medium-term notes originally intended to repay an equivalent amount due on December 7 [17].

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Real Estate Debt Crisis - China's property debt crisis is intensifying scrutiny of major real estate firms [1]

Shanghai authorities are censoring social media posts that express a pessimistic outlook on the housing market, underscoring the lengths regulators in the financial hub are taking to stem the deepening property crisis https://t.co/YzMzwj0S8c ...

01 终于不跌了！ 历经6个月的成交持续性下滑后，刚刚结束的11月，杭州二手房止跌回升了。 杭州贝壳研究院数据显示，11月杭州十区二手房网签6561套，环比上涨10.6%。虽不及2024年（10429套）、2023年（8801套） 同期，却也是近5年里的成交第三高。 一时间，喜大普奔。"金九银十"爽约了，没想到迎来了岁末彩蛋。其实，早在预知结果的前一周，不少经纪人已在各大购房群 里狂发喜报。激动之情、溢于言表。 这"迟来的回暖"，仿佛涨的不是冰冷冷的成交数据，更像是市场、大众的信心。毕竟，行情回暖的第一步，就是成交量反弹。 02 11月杭州二手房能逆势回弹，两类房源功不可没。 一类，是低价刚需房。成交前20小区榜单里，网签均价在2万5以下的，足有16个之多。其中更是有12个，网签均价在2万以下。 除了长期霸榜的中天珺府、越秀星汇花园、桃源小镇等大盘外，钱塘区多个小区也贡献了不菲的成交量。 比如大学城北的碧桂园，上个月成交了12套；下沙沿江的保利东湾、金隅观澜时代，还有大江东的旭辉宝龙东湖城，分别有11 套成交。 杭州贝壳研究院院长上官剑表示，低价刚需房持续成交，表明远郊的房价调整已达到部分购房者预期。特别是临 ...

Dec 2, 2025 4:15 PM Eastern Standard Time Texas Pacific Land Corporation Announces Effective Date of Previously Announced Three-for- One Stock Split Share DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the "Company†) today announced that its Board of Directors has finalized the effective date of the previously announced three-for-one stock split. The record date for the three-for-one stock split is December 12, 2025, and the stock split will be effective and shares will be distribute ...

Group 1 - Zillow Group, Inc. will present at the Barclays 23rd Annual Global Technology Conference in San Francisco on December 11, 2025, with CEO Jeremy Wacksman participating in a fireside chat [1] - The company is focused on transforming the real estate market by providing digital solutions for buying, selling, renting, and financing homes [2][4] - Zillow Group is the most visited real estate app and website in the United States, connecting users with real estate professionals and enhancing their home buying experience [2] Group 2 - Zillow Group's affiliates include various brands such as Zillow®, Trulia®, and Zillow Home Loans, which collectively aim to simplify the real estate process for consumers [2] - A recent analysis indicates that the hidden costs of homeownership have reached approximately $15,979 per year nationwide, highlighting the financial burdens faced by homeowners [5]

Zillow is the most popular real estate website in [music] the United States. The company has transformed the way people buy, sell, and rent homes, or at least dream about that kind of thing. >> We are one of the first apps on the iPhone, and that [music] really created the category.>> Realtor. com, Zillow, some of the other aggregation sites that are out there provided an experience for consumers that wasn't there before. >> Zillow, what they have an advantage on is just the scale of traffic that they've go ...

Group 1: Analyst Ratings Adjustments - JPMorgan has significantly reduced its price target for Evoke PLC (EVOK) from 66p to 34p, indicating a nearly 50% decrease in outlook for the company [3][10] - The price target for Flutter Entertainment (FLTR, FLUT) has been lowered from 27,100p to 25,300p, reflecting cautious sentiment in the entertainment and gaming sector [4][10] - For EPR Properties (EPR), JPMorgan adjusted its target price down to $58 from $65, following a previous increase in September 2025 [5][10] - Daiwa Capital Markets has made a minor adjustment to Deere & Co (DE), lowering its target from $530 to $520 amid mixed analyst sentiments [8][10] Group 2: Geopolitical Concerns - A Taiwanese minister has warned that the ongoing tensions between China and Japan could last for another year, which may impact regional stability and trade [7][10]

Zillow drops climate risk scores after agents complained of lost sales https://t.co/lttTm3zYr3 ...