Core Viewpoint - Beijing's land market has experienced a sudden slowdown after a series of high-quality land sales in June, with only a few transactions expected to occur at the base price in July [1][4]. Group 1: Land Supply and Transactions - In July, only two land parcels are expected to be sold at the base price: the Zhongjian Fangcheng land in Yanqing and the Changping land [1]. - The land supply list, which was regularly updated at the end of each month, has not been updated since the fifth round [1][4]. - A total of 22 residential land parcels were sold in Beijing in the first half of the year, amounting to 100.56 billion yuan, with a residential building area of approximately 2.17 million square meters, remaining stable compared to the previous year [18][19]. Group 2: Upcoming Land Projects - The upcoming land projects include several residential and commercial parcels in various districts, with a focus on areas with strong market demand and well-developed infrastructure [4][19]. - Specific projects include: - In Haidian District, two parcels for residential use with a total area of 8.62 hectares and a planned building area of 145,200 square meters [8]. - In Fengtai District, a parcel for residential use with an area of 2.26 hectares and a planned building area of 58,800 square meters [11]. - In Changping District, three parcels for residential use with a total area of 14.49 hectares and a planned building area of 398,000 square meters [13]. - In Shunyi District, two parcels for residential use with a total area of 5.1 hectares and a planned building area of 77,600 square meters [17]. Group 3: Market Trends and Pricing - The average premium for land parcels has been low, with 13 parcels sold at the base price and only 7 parcels achieving a premium of over 10% [19]. - The total transaction amount for land in the first half of the year showed a significant increase of approximately 37.3% compared to the same period last year [19].

赣州市赣县区又一新楼盘来了！ 这个楼盘就是6月4日由江西菊业科技有限公司竞得的赣县区梅林组团ML04-02-05地块。拿地一个多月后，项目案名、信息曝光，名为观云书院商住小 区。 近日，官方平台发布了观云书院商住小区项目信息。 该项目位于江西省赣州市赣县区梅林镇双龙大道24号，总投资24000万元，申报单位为赣州榕源房地产开发有限公司。 计划开工时间2025年07月，竣工时间2027年10月。 *本文内容仅做消息分享，最终实际以官方公布为准。 | 项目编号 | 2507-360721-04-01-911347 | | --- | --- | | 项目名称 | 观云书院商住小区项目 | | 项目归屋隶屋区划 | 赣州市-赣县区 | | 建设地点隶屋区划 | 赣州市-赣县区 | | 详细地址 | 江西省赣州市赣县区梅林镇双龙大道24号 | | 项目总投资 | 24000万元 | | 建设规模及内容 | 主要建设有商住推开发和小区配套。本项目的功能为商业、住宅。本项目总占地面积13987.02㎡，总建筑面积约39147.18㎡，计容建筑面积 24476.35㎡，主要建设有商业、住宅、物管用房、固家养老用房、社区管理 ...

7月15日，国家统计局发布数据，初步核算，上半年国内生产总值660536亿元，按不变价格计算，同比 增长5.3%。分产业看，第一产业增加值31172亿元，同比增长3.7%；第二产业增加值239050亿元，增长 5.3%；第三产业增加值390314亿元，增长5.5%。 同时，国新办举行新闻发布会，介绍2025年上半年国民经济运行情况。国家统计局副局长盛来运在发布 会上表示，上半年更加积极有为的宏观政策发力显效，经济运行延续稳中向好发展态势。目前外部环境 仍然复杂多变，内部结构性矛盾还没有根本缓解，经济运行的基础还需要加固。 "稳"主基调没有变 上半年社会消费品零售总额同比增长加快，市场活跃度在提升，有力支撑了上半年GDP的增长。社会消 费品零售总额24.55万亿元，同比增长5%，其中二季度增长5.4%，比一季度加快0.8个百分点。 上半年消费有五个特点：第一，服务业消费加快。服务业零售额同比增长5.3%，商品零售额增长 5.1%，消费结构中，服务消费的占比在提升；第二，假日消费拉动作用增强。"春节""五一""端午"外出 人数创新高；第三，部分升级类消费增速加快。体育用品类商品零售额同比增长22.2%，金银珠宝类 ...

Investment Rating - The report maintains an "Accumulate" rating for the real estate industry [1] Core Views - The real estate market is experiencing seasonal adjustments in transaction volumes, leading to increased efforts in recovering idle land reserves [1] - The report highlights a significant decline in new home sales, with a 51.6% decrease week-on-week and an 18.4% decrease year-on-year for the week of July 5-11, 2025 [13] - The second-hand housing market shows a slight recovery with a 0.1% increase week-on-week, although it remains down 6.3% year-on-year [19] - The report emphasizes the importance of stabilizing the real estate market as a necessary condition for economic transformation, suggesting that current policies are beginning to take effect [8] Summary by Sections 1. Sector Views - The report suggests that the current policy environment recognizes the need for a stable and healthy real estate market for economic development, indicating a potential turning point in the current cycle [8] - Recommendations include strong local state-owned enterprises and quality private companies such as China Resources Land, Poly Developments, and Binjiang Group [8] 2. Real Estate Fundamentals and High-Frequency Data 2.1. Real Estate Market Conditions - New home sales in 36 cities totaled 144.4 million square meters, with a week-on-week decrease of 51.6% and a year-on-year decrease of 18.4% [13] - Cumulative sales from January 1 to July 11, 2025, reached 54.9 million square meters, down 5.2% year-on-year [13] 2.2. Land Market Conditions - The report notes a significant decrease in land supply, with a 40.6% drop in building area supplied in the week of July 7-13, 2025 [40] - The average land price per square meter was reported at 1506 RMB, reflecting a 2.7% increase week-on-week [45] 2.3. Real Estate Financing Conditions - In the week of July 7-13, 2025, real estate companies issued a total of 24 credit bonds amounting to 21.68 billion RMB, marking a 111.6% increase week-on-week [51] - The net financing amount for the week was reported at 2.48 billion RMB [51] 5. Investment Recommendations - For real estate development, recommended companies include China Resources Land, Poly Developments, and Binjiang Group, with a focus on companies with strong shareholder backing [8] - In property management, recommended companies include China Resources Vientiane Life, Greentown Service, and Poly Property [8] - For real estate brokerage, the report recommends Beike and suggests paying attention to Wo Ai Wo Jia [9]

金十数据7月15日讯，隔夜美股三大股指全线上涨，中国金龙指数回升。港股今早高开，恒指高开78点 报24281点，盘初冲高一度涨351点报24555点，一度升穿上周五高位，随后掉头直下。截至收盘，恒指 早盘收涨0.2%，科指早盘收涨0..41%，恒指大市成交额1440亿港元。盘面上，苹果概念、生物医药、游 戏软件股走强，影视娱乐股反弹；电力设备、建材水泥、加密货币股回吐，军工及内房股再度下挫，纸 业股疲软。个股方面，云锋金融(00376.HK)涨超18%，腾讯音乐(01698.HK)涨超5%，哔哩哔哩 (09626.HK)涨近5%；信义光能(00968.HK)、信义玻璃(00868.HK)均跌超4%，龙湖集团(00960.HK)跌超 3%。 港股午评：恒指收涨0.2% 稳定币概念强势上涨 ...

Group 1 - CITIC Construction Investment expects a net profit of 4.43 billion to 4.57 billion yuan for the first half of 2025, representing a year-on-year increase of 55%-60% [1] - New Hope anticipates a net profit of 680 million to 780 million yuan for the first half of 2025, recovering from a loss of 1.217 billion yuan in the same period last year [2] - Foton Motor forecasts a net profit of approximately 777 million yuan for the first half of 2025, marking an increase of about 87.5% year-on-year [7] Group 2 - North New Road and Bridge expects a net loss of 70 million to 85 million yuan for the first half of 2025 [2] - Nanwei Co. anticipates a net loss of 12 million to 16 million yuan for the first half of 2025 [3] - Hanhua Technology projects a net loss of 45 million to 60 million yuan for the first half of 2025, widening the loss by 11.42%-18.10% compared to the previous year [6] Group 3 - Songlin Technology expects a net profit of 90 million to 95 million yuan for the first half of 2025, a decrease of 57.06%-59.32% year-on-year [4] - Fuchun Environmental Protection anticipates a net profit of 178 million to 207 million yuan for the first half of 2025, representing a year-on-year increase of 80%-110% [18] - Ansteel Group forecasts a net loss of 1.144 billion yuan for the first half of 2025, a reduction in loss of approximately 57.46% compared to the previous year [20][22] Group 4 - China Wuyi expects a net loss of 80 million to 104 million yuan for the first half of 2025, a significant decline compared to the previous year [28] - Meikailong anticipates a net loss of 1.59 billion to 1.92 billion yuan for the first half of 2025 [26] - Aijian Group projects a net profit of 140 million yuan for the first half of 2025, a decrease of 33.26% year-on-year [27]

港股内房股再度下探， 雅居乐集团(03383.HK)跌近10%， 世茂集团(00813.HK)跌近7%， 富力地产 (02777.HK)、 远洋集团(03377.HK)、 融创中国(01918.HK)、 中国金茂(00817.HK)均跌超5%。 ...

Core Viewpoint - The A-share market showed mixed performance with the ChiNext index rising by 0.64% while the Shanghai Composite Index and Shenzhen Component Index fell by 0.93% and 0.26% respectively, indicating a slight weakness in the overall market sentiment [1] Market Performance - As of midday, the Shanghai Composite Index decreased by 0.93%, the Shenzhen Component Index fell by 0.26%, and the ChiNext index increased by 0.64% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.08 trillion yuan, an increase of 108.5 billion yuan compared to the previous trading day [1] Sector Highlights - The main focus of the market was on computing power concepts, with most stocks in the two markets showing negative performance [1] - The CPO concept stocks rose against the trend, with New Yi Sheng hitting the daily limit and reaching a historical high, while Dongtianwei, Zhongji Xuchuang, and Shijia Guangzi all increased by over 10% [1] - The coal mining sector experienced low fluctuations in the morning, with Dayou Energy and Shanxi Black Cat both dropping by over 7% [1] - The electricity sector continued to weaken, with Huayin Power hitting the daily limit down [1] - The real estate sector saw a pullback, with Greenland Holdings also hitting the daily limit down [1]

中国基金报记者 李智 一起来看下最新的市场情况及资讯。 7月15日早盘，A股三大指数涨跌不一，创业板指一度涨逾2%。截至发稿，沪指跳水，跌0.86%；深成指跌0.03%，创业板指涨 0.98%。 【导读】沪指跳水，CPO板块集体大涨，房地产板块震荡下挫 板块上看，CPO板块集体大涨，通信设备、汽车、AI算力等板块表现活跃；而房地产板块震荡下挫，纺织服装、电力、零售等板块跌幅 居前。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 光模块(CPO) 6.66% | 光通信 3.63% | 光芯片 3.66% | 电路板 2.42% | 英伟达产业链 1.68% | 通信设备 3.18% | 电子元醫件 1.48% | 摩托车 1.00% | 电脑硬件 1.01% | 汽车 0.96% | | AI算力 1.53% | 东数西算 1.46% | IDC(算力租赁) 1.25% | 无线充电 1.01% | 服务器 0.70% | 互联网 0.37% ...

21世纪经济报道记者孙迟悦实习生顾泯骏香港报道 展望未来，曹德明对香港房价持谨慎乐观态度。他表示，经络按揭预测香港2025年新增住宅房贷数量将 达45000笔，结束2021年以来连续三年的下跌趋势；现房房贷数量将达55500笔，较2024年上涨10%；期 房房贷数量将达6500笔，较2024年上涨55%，这一数字也将挑战近五年新高。 7月14日，香港经络按揭转介首席副总裁曹德明于记者发布会上表示，香港楼市交投量在2025年3-4月份 显著上升，房价指数也于4-5月份呈轻微上升趋势，因此，香港各大银行对房贷业务的态度转向积极。 据悉，美联房价指数于3月触底126.3点后，于4月与5月轻微回升，截至上周，美联房价指数报127.5点。 曹德明向21世纪经济报道记者表示，香港房价的回升或为多重因素共同促成。首先是"超跌反弹"，过去 几年内，香港房价下跌速度较快，而较低的价格正吸引买家购买；其次，市场对经济基本面复苏的乐观 预期使得买家的购房意愿上升；最后，房贷利率的下调促使买家决定趁机入市。 曹德明继续表示，香港经络按揭转介观察到，在近期楼市的成交案例中，中小单位买家与刚需买家占据 主导地位。具体来说，近期市场中较受 ...