据新华社消息，中央经济工作会议12月10日至11日在北京举行。会议分析当前经济形势，部署2026年经济工作。 对于明年房地产市场的定调，会议提出"着力稳定房地产市场"。这是继2024年中央经济工作会议提出"持续用力推动房地产市场止跌回稳"后，中 央经济工作会议再次强调"稳楼市"。 首都经济贸易大学京津冀房地产研究院院长赵秀池指出，从内容来看，房地产的内容放到了明年工作的第八个重点工作中，即"坚持守牢底线，积 极稳妥化解重点领域风险"，亮点主要体现在稳定房地产市场、优供给、好房子建设上。 "稳楼市"政策目标不变 会议提出，坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因城施策控增量、去库存、优供给，鼓励收购存量商品房重点用 于保障性住房等。 根据易居研究院全国百城库存报告，2025年11月，全国百城新建商品住宅去库存周期（存销比）达27.4个月，较行业合理值增加近一倍，去化速 度明显放缓。上海易居房地产研究院副院长严跃进提及，此次是时隔9年再提去库存。上一次中央经济工作会议提及"去库存"是在2016年，彼时主 要针对三四线城市库存过多问题。 "从大方向来看，一线城市去库存的压力相对较小，但在优化供 ...

Core Viewpoint - The Central Economic Work Conference held on December 10-11 emphasizes stabilizing the real estate market and managing local government debt risks as key tasks for the upcoming year [1] Real Estate Development Sector - The policy aims to support financially sound state-owned and select private real estate companies, enhancing their project acquisition and sales capabilities [2] - Measures include controlling supply, reducing inventory, and encouraging the use of existing housing for affordable housing [1][2] Real Estate Services Sector - Increased market recovery expectations are likely to boost second-hand housing transaction volumes, benefiting real estate brokerage, property management, and consulting sectors [2] - Market share is expected to further concentrate among leading companies [2] Urban Renewal and Infrastructure Sector - "Urban village renovation" and "dual-use infrastructure" projects are identified as new growth points, providing significant order opportunities for construction, design, and infrastructure firms with relevant project experience [2] Building Materials and Home Furnishing Sector - Stabilization of the real estate market and the advancement of key projects will drive demand for upstream building materials like cement, steel, and glass, positively impacting downstream consumer sectors such as home appliances and furniture [2] REITs and Real Estate Asset Management Sector - The maturation of assets like affordable rental housing and industrial parks is expected to accelerate the expansion of the public REITs market, offering new exit channels and asset revitalization paths for real estate asset management companies [2] Company Analysis - Poly Developments (600048): As a leading state-owned enterprise, it shows resilience during industry adjustments and is actively involved in affordable housing and urban renewal projects [3] - China Merchants Shekou (001979): Backed by China Merchants Group, it has a unique comprehensive development model and is a core beneficiary of key projects [3] - Vanke A (000002): A benchmark enterprise focusing on development, operation, and service, with diversified business lines that help mitigate cyclical fluctuations [3] - Binjiang Group (002244): A quality real estate firm in the Yangtze River Delta, known for its product quality and financial stability, benefiting from local market recovery [3] - I Love My Home (000560): A leading comprehensive real estate service provider, expected to see rapid growth in brokerage income due to increased market activity [4] - Dongfang Yuhong (002271): A leader in the construction waterproofing industry, its product demand is anticipated to grow with the recovery of the real estate market and infrastructure projects [4]

Group 1 - The Hong Kong stock market saw a net inflow of 791 million HKD from Northbound trading, with a net sell of 320 million HKD from the Shanghai Stock Connect and a net buy of 1.111 billion HKD from the Shenzhen Stock Connect [1] - The most bought stocks included Meituan-W (03690), Xiaomi Group-W (01810), and Beike-W (02423), while the most sold stocks were CNOOC (00883), Alibaba-W (09988), and SMIC (00981) [1] Group 2 - Alibaba-W (09988) had a net inflow of 6.95 billion HKD, with a total trading volume of 30.85 billion HKD, while it faced a net sell of 11.12 billion HKD [2] - Xiaomi Group-W (01810) experienced a net buy of 13.31 billion HKD, with a total trading volume of 22.60 billion HKD [3] - Meituan-W (03690) received a net buy of 12.79 billion HKD, with a total trading volume of 18.92 billion HKD [4] Group 3 - Beike-W (02423) saw a net buy of 6.47 billion HKD, amid discussions on mortgage interest subsidy policies that could stimulate housing demand [5] - Agricultural Bank (01288) had a net buy of 3.49 billion HKD, while Industrial and Commercial Bank (01398) and China Construction Bank (00939) faced net sells of 797.89 million HKD and 1.96 billion HKD respectively [5] - Semiconductor stocks faced selling pressure, with Huahong Semiconductor (01347) and SMIC (00981) experiencing net sells of 2.57 billion HKD and 4.03 billion HKD respectively [5] Group 4 - ZTE Corporation (00763) faced a net sell of 3.58 billion HKD, related to compliance investigations regarding the U.S. Foreign Corrupt Practices Act [6] - Tencent (00700) and CNOOC (00883) also experienced net sells of 1.15 billion HKD and 5.17 billion HKD respectively [7]

智通财经APP获悉，12月11日港股市场，北水成交净买入7.91亿港元，其中港股通(沪)成交净卖出3.2亿 港元，港股通(深)成交净买入11.11亿港元。 北水净买入最多的个股是美团-W(03690)、小米集团-W(01810)、贝壳-W(02423)。北水净卖出最多的个 股是中海油(00883)、阿里巴巴-W(09988)、中芯国际(00981)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 18.90亿 | 11.95亿 | 30.85亿 | | 88660 MH | | | +6.95 亿 | | 中芯国际 | 9.32 亿 | 10.06亿 | 19.39 亿 | | HK 00981 | | | -7432.54万 | | 中兴通讯 | 8.43亿 | 10.28 亿 | 18.71亿 | | HK 00763 | | | -1.84 Z | | 长飞光纤 ... | 7.26亿 | 8.81亿 | 16.07 亿 | | HK 09869 | | | -1.55 Z | | 腾讯控股 ...

12月11日，12月10日，贝壳-W(2423.HK)港股表现强劲，收盘涨4.32%，报44.44港元。回顾前一交易日 (12月9日)，该股盘中一度跌超5%，最终收跌4.78%，经历明显回调。昨日该股开盘后虽一度下探至日 内最低点42.54港元，但随后迅速获得支撑并强势反弹，全天呈现震荡上行态势，盘中最高触及44.60港 元，对应最高涨幅约4.69%，较昨日低点形成显著修复走势。 成交量方面，贝壳总成交约1602.98万股，量比达到1.93，表明当日成交量显著高于近期平均水平，呈 现" 量价齐升"的健康上涨态势，表明资金积极介入，进一步增强上涨的有效性与动能。 消息面上，12月9日，美股最新披露文件显示，贝壳联合创始人、董事长、首席执行官彭永东出售股 票，此举用于兑现此前捐赠承诺。今年4月份，贝壳公告彭永东拟捐赠本公司900万股A类普通股，外界 当时评估该股票价值约4.4亿元。捐赠资金将通过格林互助和贝壳公益基金会联合第三方公益机构执行 落地。在承担相应的纳税义务后，50%税后资金将用于居住行业服务者及其家庭成员的医疗健康福利， 50%税后资金将用于应届毕业生等群体的租房帮扶。 本文源自：格隆汇 ...

多只地产股涨停 《华夏时报》记者注意到，A股房地产服务板块报收1272.25点，涨幅为2.39%。其中，世联行 （002285.SZ）、南都物业（603056.SH）涨停，分别报收3.17元/股和13.51元/股，而特发服务 （300917.SZ）、电子城（600658.SH）、我爱我家（000560.SZ）、皇庭国际（000056.SZ）等股票涨幅 均超过3%。A股房地产开发板块紧随其后，报收15042.96点，涨幅为1.59%。其中万科A、财信发展 （000838.SZ）、华夏幸福（600340.SH）、广宇集团（002133.SZ）涨停，沙河股份（000014.SZ）、金 地集团（600383.SH）、保利发展（600048.SH）涨幅则超过5%。 值得关注的是，万科A在不久之前股价刚刚出现连续下跌，此次涨停之后，万科A报收5.25元/股。除了 股价之外，12月10日，万科A境内债也普遍上涨。其中，"21万科06""23万科01"涨幅超过40%。 港股方面，地产板块报收1202.94点，涨幅为1.36%。其中，鋑联控股（00459.HK）报收0.121港元/股， 涨幅为61.33%。12月10日，鋑联控 ...

Core Viewpoint - Beike Holdings Limited (stock code: 02423.HK) experienced a strong performance in the Hong Kong stock market, closing up approximately 4.32% at HKD 44.44 per share, following a notable rebound after a previous day's decline [1] Group 1: Stock Performance - On December 9, Beike's stock saw a significant pullback, reaching an intraday low of HKD 42.54 per share before rebounding strongly [1] - The stock reached a high of HKD 44.60 per share during the day, corresponding to a maximum increase of approximately 4.69% from the previous day's low [1] - The total trading volume for Beike was about 16.03 million shares, with a volume ratio of 1.93, indicating a significant increase in trading activity compared to recent averages [1] Group 2: Philanthropic Actions - Beike's co-founder and CEO, Peng Yongdong, sold shares for the first time since the company's U.S. listing in 2020, with the proceeds intended for a donation commitment made earlier this year [2] - The donation involves 9 million Class A ordinary shares, valued at approximately CNY 440 million, to be used for healthcare benefits for service providers and rental assistance for recent graduates [2] - The donation reflects Beike's commitment to social responsibility and support for the housing industry ecosystem [2] Group 3: Healthcare Support Initiatives - The donation will support the Green Mutual Aid program, which assists platform employees and service providers facing difficulties due to illness, with a total aid scale of CNY 742 million by November 30, 2025 [3] - The program has benefited approximately 53,000 individuals, with 80% of the beneficiaries being parents or spouses of the participants [3] - The Green Mutual Aid program is designed to provide comprehensive support, covering various medical conditions and offering up to CNY 2 million in aid for families [3] Group 4: Rental Assistance for Graduates - The rental assistance initiative will provide subsidies to economically disadvantaged recent graduates employed in Beijing, addressing the financial pressures of entering the rental market [4] - This project aims to support young individuals in securing employment and settling in urban areas, contributing to broader social stability goals [4] Group 5: Institutional Investment Trends - Beike's third-quarter financial report showed year-on-year revenue growth, with profitability in home decoration and rental services before corporate expenses [5] - Major international investment firms, including Goldman Sachs and Morgan Stanley, maintained "buy" or "overweight" ratings on Beike following the earnings report [5] - Southbound funds have increased their holdings in Beike, with a total of 403 million shares held as of December 5, representing a 21.86% increase over the past 30 trading days [6] Group 6: Continued Institutional Support - Notable institutional investors, such as Gao Yi Asset and Temasek, have increased their stakes in Beike, reflecting ongoing confidence in the company's prospects [6][7] - Vanguard Group increased its holdings by 3.8% in the first quarter, now owning over 26.52 million shares, while Wellington Management and JPMAM also raised their positions in Beike [7]

Core Viewpoint - Beike's stock price rose by 4.32% on December 10, closing at HKD 44.44 per share, following a significant net buy of nearly HKD 3.2 billion over the past 30 trading days, indicating strong market confidence and active capital involvement [1][7]. Group 1: Stock Performance - Beike's stock experienced a strong rebound after a dip, reaching a high of HKD 44.60 during the trading day, reflecting a recovery from a previous low of HKD 42.54 [1]. - The trading volume for Beike was approximately 16.03 million shares, with a volume ratio of 1.93, indicating a significant increase in trading activity compared to recent averages [1]. Group 2: Chairman's Stock Sale for Charity - Beike's co-founder and chairman, Peng Yongdong, sold shares for the first time since the company's U.S. listing in 2020, with the proceeds intended for charitable donations, including 9 million A-class ordinary shares valued at approximately HKD 440 million [2]. - The donation will support healthcare benefits for service industry workers and rental assistance for recent graduates, demonstrating Beike's commitment to social responsibility [2][5][6]. Group 3: Financial Performance and Institutional Support - Beike's Q3 financial report showed a year-on-year increase in net revenue, with profitable operations in home decoration and rental services [7]. - Institutional investors, including Gao Yi and Temasek, have increased their holdings in Beike, reflecting growing confidence in the company's prospects [7][8]. - Southbound funds have also shown a consistent increase in holdings, with a total of 403 million shares held as of December 5, representing a 21.86% increase over the past 30 trading days [7].

智通财经APP讯，贝壳-W(02423)发布公告，于2025年12月9日，该公司斥资约300万美元回购55.26万股 股份，每股回购价格为5.38-5.48美元。 ...

证券之星消息，12月10日房地产服务板块较上一交易日上涨3.41%，世联行领涨。当日上证指数报收于 3900.5，下跌0.23%。深证成指报收于13316.42，上涨0.29%。房地产服务板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日房地产服务板块主力资金净流入3.12亿元，游资资金净流出8291.54万元，散户 资金净流出2.29亿元。房地产服务板块个股资金流向见下表： ...