今年，全国计划新开工改造城镇老旧小区2.5万个。中央城市工作会议指出，着力建设舒适便利的宜居 城市。住房城乡建设部表示，将持续推进城镇老旧小区改造，实施物业服务质量提升行动，下大力气解 决加装电梯、停车、充电等难题，持续推进生活垃圾分类，改善小区居住环境，更好满足居民日常生活 需求。 本报北京8月26日电(记者丁怡婷)记者从住房城乡建设部获悉，1至7月份，全国新开工改造城镇老旧小 区1.98万个。分地区看，河北、辽宁、重庆、安徽、江苏、上海等6个省份开工率超过90%。 ...

6178个老旧小区大变样 8月17日，记者从省住建厅获悉，"十四五"以来，安徽积极争取中央财政资金、中央预算内资金和 省级财政资金超过140亿元，改造城镇老旧小区超过6000个，取得了积极成效。接下来，将进一步推动 城镇老旧小区改造提质增效，不断提升广大居民获得感和幸福感。 "十四五"以来改造老旧小区6178个 近日，位于肥西的新城小区、花苑小区、海东山庄、盛世广场4个老旧小区改造工程全面完工，近 千户居民迎来焕然一新的居住环境。 根据初步统计，结合雨污分流工程，近年来肥西县已累计完成超过300个老旧小区的改造。 "十四五"以来，安徽对城市或县城（城关镇）建成年代较早、失养失修失管、市政配套设施不完 善、社区服务设施不健全、居民改造意愿强烈的住宅小区，特别是2000年底前建成的老旧小区进行重点 改造。并鼓励有条件的地方在重点改造小区应改尽改前提下，对2005年底前建成的老旧小区进行改造。 数据显示，"十四五"以来，我省深入推进城镇老旧小区改造，积极争取中央财政资金、中央预算内 资金和省级财政资金，改造城镇老旧小区6178个。 着力打造一批安徽特色改造项目 下一步，省住建厅将积极会同相关部门，力争加大小区改造的 ...

Financial Data and Key Metrics Changes - The company reported an underlying profit of HKD 4.4 billion, an increase of 15% year on year, primarily due to capital recycling of non-core assets in Miami [4] - Recurring underlying profit decreased by 4% to HKD 3.4 billion, largely due to softness in the Hong Kong office market, offset by resilient rental income from the retail portfolio and contributions from the Chinese Mainland [5][20] - The interim dividend per share was declared at HKD 0.35, a 3% increase from the previous year, marking nine consecutive years of sustainable dividend growth [5][23] - The valuation of the investment properties portfolio stood at HKD 169.4 billion, reflecting a 1% decrease from December 2024, primarily due to fair value losses in Hong Kong and the Chinese Mainland [24] Business Line Data and Key Metrics Changes - The Hong Kong office sector saw a 5% decline in attributable gross rental income, reflecting ongoing market headwinds and pressure from new supply, with overall occupancy at 91% [11][21] - The retail portfolio in Hong Kong maintained 100% occupancy, with a slight 2% decrease in attributable gross rental income year on year [12][22] - In the Chinese Mainland, retail rental income increased by 1% in renminbi terms, with a steady CAGR of 11% over the past decade, now contributing 42% of the company's attributable gross rental income [13][22] Market Data and Key Metrics Changes - The office market in Hong Kong remains challenging due to oversupply, but there are signs of a capital markets-led recovery, with increased inquiries, especially at Pacific Place [10][11] - Retail sales in the Chinese Mainland grew by 1% year on year, significantly ahead of 2019 levels, with high occupancy rates across the portfolio [15][16] - The hotel portfolio performance has improved, particularly in the Chinese Mainland, despite a slower recovery in Hong Kong [19] Company Strategy and Development Direction - The company is focused on active capital recycling and has committed 67% of its HKD 100 billion investment plan across core markets, with a strong pipeline of retail-led mixed-use projects [9][28] - The strategy includes maintaining a balanced portfolio with a focus on premium residential projects in Hong Kong, Shanghai, and Southeast Asia [10][17] - The company aims to enhance shareholder value through sustainable dividend growth and continuous investment in core markets [35][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience despite the uncertain operating environment, highlighting the strength of the balance sheet and quality of properties [35] - The retail business in the Chinese Mainland is expected to stabilize, with improved consumer sentiment anticipated [36] - The office sector is expected to remain subdued, but the company is focused on tenant retention and anticipates a recovery for premium office space in the medium term [37] Other Important Information - The company has achieved significant sustainability milestones, including being named number one globally in the Dow Jones Best in Class Wealth Index 2024 and reaching the top 1% in the S&P Global CSA score [29][30] - The company is committed to achieving net zero emissions by 2050 and has made substantial progress in reducing carbon emissions [30] Q&A Session Summary Question: Future capital recycling plans - Management confirmed ongoing efforts in capital recycling, including the divestment of non-core assets in Hong Kong and Miami [41][43] Question: Share buyback strategy - Management emphasized that share buybacks are part of a broader capital allocation strategy, prioritizing sustainable dividend growth [45][46] Question: Investment plan and project completions - Management indicated a focus on quality execution of projects under the HKD 100 billion investment plan, with ongoing evaluations for opportunities in Shenzhen and Hong Kong [49][51] Question: Tenant sales performance in Mainland China - Management noted strong retail sales performance in the Chinese Mainland, attributing it to effective management and continuous upgrades to shopping malls [56] Question: Hong Kong office inquiries - Management reported a 30% increase in inquiries, with interest coming from various sectors, including financial services and retail [62] Question: Upcoming new Mainland retail malls - Management highlighted strong interest from luxury brand partners for new retail centers, with positive developments expected in Sanya [71][72]

中办、国办：建立房屋使用全生命周期安全管理制度 智通财经5月15日电，中共中央办公厅、国务院办公厅发布关于持续推进城市更新行动的意见，建立房 屋使用全生命周期安全管理制度。落实房屋使用安全主体责任和监管责任，加强房屋安全日常巡查和安 全体检，及时发现和处置安全隐患。探索以市场化手段创新房屋质量安全保障机制。完善住宅专项维修 资金政策，推动建立完善既有房屋安全管理公共资金筹集、管理、使用模式。 ...

渝开发（000514）公告，全资子公司重庆渝开发物业管理有限公司因法定代表人变更，于2025年4月23 日完成工商变更手续并取得新《营业执照》。变更前法定代表人为左惠，变更后为罗异。营业执照其他 登记项目未发生变更。 ...

Financial Data and Key Metrics Changes - The company reported a recurring underlying profit of HKD 6.5 billion, a decrease of 11% year on year, primarily due to higher net finance charges and reduced office rental income in Hong Kong [4][23] - Attributable gross rental income decreased slightly by 2% year on year [4][24] - The full year dividend per share was declared at HKD 1.10, an increase of 5% [5][25] - The valuation of investment properties at the end of 2024 was RMB 271.5 billion, a 3% decrease compared to the end of 2023 [27][28] Business Line Data and Key Metrics Changes - In Hong Kong, gross rental income for the office sector decreased by 4% year on year, while retail gross rental income decreased by 3% [24][12] - The Chinese Mainland retail portfolio achieved a 2% increase in gross rental income in Hong Kong dollar terms and a 4% increase in renminbi terms [24][13] - The office portfolio in the Chinese Mainland had a steady performance with a 1% increase in gross rental income in renminbi terms [17][25] Market Data and Key Metrics Changes - The Hong Kong office market remains soft due to oversupply, with overall occupancy at 93% [10][11] - Retail sales growth in the Chinese Mainland stabilized in Q4 2024, with an overall decline of 7% in retail sales, except for Taiguli Tian Tan in Shanghai, which reported positive sales growth [14][15] - In Miami, retail sales increased by 3% year on year, with occupancy at 100% [18] Company Strategy and Development Direction - The company aims to achieve long-term growth targets through an active capital recycling strategy and a diverse development pipeline [6][7] - The company plans to invest HKD 100 billion across three core markets, with 67% already committed [7][9] - The strategy includes maintaining a balanced portfolio mix between retail and office sectors to support sustainable annual dividend growth [7][36] Management Comments on Operating Environment and Future Outlook - Management described the outlook as positive despite market headwinds, emphasizing the resilience of the business [36][39] - The company anticipates a gradual recovery in the premium office sector and expects improved consumer sentiment in the Chinese Mainland retail market [38][39] - Management remains cautious about the Hong Kong office market due to high vacancy rates and new supply pressures [58][59] Other Important Information - The company achieved the number one ranking in the global Dow Jones Best in Class World Index, reflecting its commitment to sustainability [5][31] - The green financing ratio increased to approximately 70%, exceeding the 2025 target of 50% [30] Q&A Session Summary Question: About the buyback program and Mainland China retail outlook - Management confirmed the buyback program will be assessed closer to May, considering market conditions and liquidity [44] - Retail sales in the Chinese Mainland showed mild positive growth in Q1 2025, with expectations for positive rental reversions over time [46] Question: Confidence in luxury retailers' commitments and remuneration structure - Management expressed confidence in luxury brands' commitment to new developments, emphasizing strong partnerships [51] - There are no current plans to change the remuneration structure, maintaining a balance between financial and operational incentives [52] Question: Capital allocation and Hong Kong office market outlook - Management highlighted significant cash flow from residential projects expected in 2025 and 2026, supporting capital allocation [56] - The outlook for the Hong Kong office market remains under pressure, with expectations for stronger demand in 2026 and 2027 [59] Question: Payout ratio and capital recycling - The cumulative payout ratio since listing is 50%, with a commitment to maintain this ratio despite current high levels [65] - Management is actively pursuing capital recycling opportunities to support future investments [67] Question: Asset held for sale and CapEx rationale - The transfer of investment properties to assets held for sale relates to Miami and a project in Hong Kong, with active divestment opportunities being explored [75] - The long-term gearing target is around 20%, with confidence in maintaining credit ratings while managing capital commitments [76]