证券日报网讯 1月8日，南山控股在互动平台回答投资者提问时表示，公司坚持"稳中求进"的基本原 则，聚焦主业，优化布局，进一步提升公司不动产领域的资产运营管理能力和竞争优势，积极推动商业 模式和发展方式的转型升级，实现业务高质量与可持续性发展。同时，公司将持续加大新能源、高端制 造等业务的探索和投入，支持业务发展和模式创新，实现业务结构优化。 （文章来源：证券日报） ...

格隆汇1月8日丨中国三迪(00910.HK)公告，集团主要于中国从事物业发展、持有投资及租赁目的物业， 并于本公告日期继续从事其现有业务。中国房地产市场持续面临下行压力，大部分地区销售表现疲弱。 持续严峻的融资状况进一步影响集团的流动资金状况，并加剧由其物业发展分部销售低迷所带来的经营 困难。尽管面对该等挑战，集团仍致力于透过优先及时交付项目及维持其核心业务的稳定营运，以减轻 市场低迷的影响。于本公告日期，尽管公司股份暂停买卖，集团业务营运于所有重大方面均照常进行。 公司致力于达成复牌指引，目标为于刊发未完成财务资料及重新遵守上市规则第3.28条后向联交所申请 股份恢复买卖。 继续暂停买卖。 ...

Core Viewpoint - In 2025, the real estate industry is transitioning from quantity expansion to quality enhancement, with the concept of "good housing" becoming a national strategy, marking a new development stage focused on product strength as the core competitive advantage [2]. Group 1: Rankings Release - The "Top 100 Real Estate Companies by Product Strength" list has been published, highlighting leading companies in the industry [4][5]. - The list includes prominent companies such as Greentown China, Poly Developments, and China Overseas Land & Investment, among others [5][6]. Group 2: Product Series and Works - The "Top 10 Product Series" and "Top 10 Works" lists have been introduced, showcasing the best residential product series and projects in the industry [8][12]. - The top luxury product series include offerings from companies like New Hope Real Estate and China Overseas Land & Investment [8]. - The top high-end works feature projects such as Beijing Run Garden and Chengdu China Merchants Xi [13][15]. Group 3: Good Housing Strategy Characteristics - Major real estate companies like Poly, China Resources, and Yuexiu have launched "good housing" strategies focusing on safety, comfort, green living, and smart technology [29]. - These strategies extend to refined values such as craftsmanship, service, low carbon, and health, implemented through quantifiable technical standards [29][33]. - Companies are establishing comprehensive technical standard systems that cover physical space and service ecology, reflecting a meticulous management approach [33]. Group 4: Trends in Residential Projects - There is a trend towards high aesthetic appeal and high performance in residential projects, with a focus on features like full-house water purification, noise reduction, and safety [37][50]. - The use of environmentally friendly materials is emphasized, with projects achieving near-zero pollution standards [51]. - Different project tiers exhibit unique characteristics, with high-end projects focusing on cultural integration and personalized services [52][63].

Group 1 - The core idea of the article revolves around the innovative marketing strategies adopted by real estate companies in response to market challenges, including a global naming contest for a high-profile project in Hangzhou and various promotional activities across different cities [1][2][5]. - The "Diyang" project in Hangzhou, developed by Binjiang Group, is notable for its record-breaking land acquisition price of 77,400 yuan per square meter, with an expected selling price of over 120,000 yuan per square meter for new homes [2]. - The project will be jointly developed by Binjiang Group, Jianfa International, and China Jinmao, with a total of 168 units ranging from 296 to 876 square meters, and a prize of 100,000 yuan for the winning name in the global naming contest [2]. Group 2 - In Shanghai, real estate projects are also employing name changes to boost sales, with one project increasing its price from 117,300 yuan to 119,700 yuan per square meter after rebranding [3]. - Various promotional activities are being introduced, such as Guangzhou Chengtou Real Estate's "live first, buy later" campaign, which allows buyers to experience the property before purchasing, and other incentives like free high-end liquor or gasoline cards with home purchases [5][6]. - Despite the diverse marketing strategies, industry experts suggest that these tactics are merely repackaged old ideas, as the primary reasons for buyer hesitation remain financial constraints and insufficient expectations for price appreciation [5][6].

Core Viewpoint - Yu Liang has officially resigned from his positions as a director and executive vice president of Vanke due to retirement, marking the end of his 35-year career with the company [2][15]. Group 1: Resignation Details - Yu Liang submitted his resignation letter to the board, effective immediately, and will no longer hold any position within the company [2]. - As of the resignation date, Yu Liang held 7,394,945 shares of Vanke, valued at over 36 million yuan based on the closing price [3]. Group 2: Career Overview - Yu Liang joined Vanke in 1990, shortly after its establishment, and played a crucial role in its early expansion and capital market entry [4]. - He was instrumental in Vanke's first B-share issuance in 1993, raising 450 million Hong Kong dollars, which solidified the company's financial foundation [4]. - His involvement in the "Junwan Battle" in 1994 helped secure management control for Vanke, leading to his entry into the board of directors [4][5]. Group 3: Leadership and Achievements - After becoming the general manager in 2001, Yu Liang led Vanke to significant sales growth, with revenue increasing from 6.3 billion yuan in 2001 to over 529.9 billion yuan in 2017, making it the industry leader [5]. - Under his leadership, Vanke transitioned from a single residential developer to a diversified "urban service provider," focusing on logistics, commercial, and long-term rental apartments [7]. Group 4: Challenges and Strategic Shifts - The real estate industry faced downturns post-2020, putting pressure on Vanke's operations [9]. - In 2025, Vanke encountered liquidity issues, prompting major changes in leadership and strategy, including a focus on risk mitigation and operational efficiency [10][11]. - Yu Liang's final public statements emphasized the need for the company to adapt and survive in challenging market conditions, marking a critical juncture for Vanke [13][14].

1月8日晚，华夏幸福（SH600340，股价2.29元，市值89.62亿元）发布业绩预亏公告，经公司财务部门初步测算，预计2025年度归属于上市公司股东 的净利润为负值，公司2025年年度经营业绩将出现亏损，且亏损金额预计将会超过上一年度经审计的净资产，公司2025年度期末净资产可能为负值。 《2018转让协议》约定华夏控股通过协议转让方式，向平安资管转让19.70%的公司股份；《2019转让协议》约定华夏控股通过协议转让方式，向平安 资管转让5.69%的公司股份。 鉴于平安资管作为平安人寿相关保险资产的投资管理人，平安资管基于其与平安人寿的委托管理关系，指定平安人寿作为标的股份的实际受让方，同 时受让标的股份的资金来源于平安资管受托管理的平安人寿的保险资金，故签署补充协议。两次股权转让完成后，平安人寿及其一致行动人平安资管 的持股比例提升至25.25%，成为公司第二大股东。 | 名称 | 本次股份转让前 | | 本次股份转让后 | | | --- | --- | --- | --- | --- | | | 持股数量(股) | 持股比例 | 持股数量(股) | 持股比例 | | 华夏控股 | 1,240,24 ...

公告明确，郁亮的辞职报告自送达董事会之日起生效，辞职后其将不再担任万科任何职务。作为公司核 心管理层成员，郁亮在任期间深度参与企业战略规划与经营管理，此次变动不会导致公司董事会成员低 于法定人数，亦不会对日常经营及董事会正常运作产生影响。万科方面表示，将按法定程序尽快完成董 事补选，保障公司治理连续性。 截至公告披露日，郁亮持有万科739.49万股股份，辞职后仍需严格遵守中国证监会及深圳证券交易所关 于上市公司股东股份管理的相关规定。据公开履历，郁亮深耕万科多年，任职期间见证并推动企业多项 重大战略落地，其退休辞任属于正常人事更替。 编辑：张蓓 文/黄指南 1月8日，万科企业股份有限公司发布人事公告，万科董事、执行副总裁郁亮因到龄退休，正式提交书面 辞职报告，申请辞去相关职务。 ...

记者丨张敏 编辑丨张伟贤 近期，公积金制度改革成为监管部门频繁提及的话题。 2025年12月召开的中央经济工作会议指出，深化住房公积金制度改革。在近10年的中央经济 工作会议公报中，这是公积金首次被单独提及。 当月下旬，全国住房城乡建设工作会议召开，并提出"更好发挥住房公积金作用""深化住房公 积金制度改革"。该会议还透露，我国累计发放住房公积金个人住房贷款6.5万亿元，支持缴存 人提取9.4万亿元住房公积金用于住房消费。 2026年1月2日，《求是》杂志发表题为《改善和稳定房地产市场预期》的文章，再度强调"深 化住房公积金制度改革"。 在楼市中长期发展空间巨大、短期市场继续调整、稳楼市政策仍待加力的背景下，这些表态释 放出的信号意义值得关注。 1月8日，《人民日报》发表题为《中央"点名"住房公积金，释放什么信号？》的文章指出， 公积金很可能要迎来改革大动作。文章从公积金的用途、问题、提升空间，以及我国住房发展 的现实需要入手，提出公积金改革的总体目标——"让大家贷得到、用得顺这笔钱，从而住得 上更好的房子。" 最后，公积金贷款有额度上限（通常远低于房价），且申请人与缴存情况、收入严格挂钩。这 天然地限制了杠 ...

Core Viewpoint - The real estate market is showing signs of recovery, particularly in first-tier cities, driven by favorable policies and seasonal effects, making January's performance crucial for the overall first quarter results [1][2][5]. Market Performance - From January 1 to January 2, 2026, Shenzhen's first "Good House Festival" attracted over 5,000 visitors, indicating a resurgence in market interest [2]. - New home transaction area in first-tier cities increased by 74% week-on-week and 5% year-on-year as of January 2, ending a 12-week decline [2]. - Specific cities saw significant increases: Beijing (13%), Shanghai (82%), Guangzhou (64%), and Shenzhen (263%) [2]. Price Trends - In 2025, the average price of new residential properties in 100 cities rose by 2.58%, with a notable increase in the fourth quarter [3]. - December 2025 saw a structural month-on-month price increase of 0.28%, driven by high-end properties entering the market [3]. Policy Developments - Recent policies aim to stabilize the real estate market, including easing purchase restrictions for non-local families and providing housing support for families with multiple children [4][5]. - The central government emphasized the need for a systematic approach to stabilize the real estate market, moving away from fragmented controls [10]. Market Outlook - Analysts expect a "small spring" in the real estate market in 2026, supported by recent policy releases and improved market sentiment [10][11]. - The focus for 2026 will be on stabilizing expectations and shortening adjustment periods, with January being a critical observation period for market performance [11][12].

Core Viewpoint - Guangzhou R&F Properties Co., Ltd. has announced overdue debts totaling approximately 38.725 billion yuan, primarily due to the failure to repay various financial obligations, including corporate bonds and bank loans [1][2]. Group 1: Debt Situation - As of November 30, 2025, the overdue principal balances include 9.769 billion yuan in corporate bonds, 16.043 billion yuan in bank loans, 5.414 billion yuan in trust and leasing company debts, and 7.499 billion yuan in other interest-bearing debts [1]. - The company is actively communicating with creditors and developing solutions to address the overdue debts while emphasizing the protection of creditor rights [1][2]. Group 2: Restructuring Efforts - The company is undergoing an overseas debt restructuring plan, with approximately 77% of planned creditors agreeing to or indicating support for the restructuring agreement as of November 28, 2025 [1]. - In the domestic restructuring, R&F Properties has proposed a comprehensive plan including cash buybacks and debt-for-equity swaps, successfully completing a bond restructuring of approximately 1.68 billion yuan [2]. Group 3: Financial Performance and Strategy - For the first eleven months of 2025, the total sales revenue of R&F Properties was approximately 12.7 billion yuan, with a sales area of about 1.2616 million square meters [2]. - The company is negotiating with existing lenders for extensions, refinancing, or restructuring of loans, while also controlling administrative costs and seeking to sell project development company shares to generate additional cash flow [2].