MB-GTWN@EC2606A

Moody's Maintains B1 Rating Outlook Stable for China Vanke

Moody's Confirms and Upgrades Greentown China's Credit Rating, Demonstrating Strong Financing Capability

Green Town Focuses on Core Cities' Strategic Layout

Sunac China Delivers over 150,000 Households in 2024, Satisfaction Score Hits 91

Sunac China's Inventory Turnover Cycle Remains Healthy

Green Town China Demonstrates Strong Comprehensive Strength and Industry Status

China Vanke Debt Structure Reasonable But Still Faces Liquidity Pressure

Greentown China Sees Profit Decline but Strong Cash Flow

Yuan Ze Holdings Reports January 2026 Sales Data

Morgan Stanley Predicts Over 80% Probability of Drop in Greentown China's Stock Price Over Next 60 Days

China Vanke Issued a 100 Million Yuan Medium-term Note

Tangshan Hongke Takes Over Sun City Project and Struggles to Resolve Delays

Ningbo Yuhuan Zefan Real Estate Purchases Bonds Issued by Yuhang Greenland Real Estate

Evergrande Property Group Announces Interest Payment Notice for Medium-Term Notes in 2026

Liu Chengyun Calls for Restoring Trust and Promoting High-Quality Development in Real Estate Industry

Sunac China Announces Full Year and December 2025 Sales Figures

Yuanke China Reports Unaudited Operations Data for 2025

Wuhan Publicly Auctions 20 State-owned Construction Land Lots, 19 of Which Were Sold

China Vanke enters into 2025 Project Management Framework Agreement with China Communications Construction Group

Chinese Real Estate Developers Employ AI to Boost Growth and Efficiency

STARCOIN GROUP

AE LOGISTICS

GUANZE MEDICAL

WATER INDUSTRY

ZHONGSHI MINAN

IDT INT'L

HAIZHI TECH GP

MANY IDEA CLOUD

FIRST CAP GP

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Greentown China Logs 9.7 Billion Yuan in January Sales

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GREENTOWN MGMT

GREENTOWN CHINA

Greentown China Logs 9.7 Billion Yuan in January Sales

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Greentown China Holdings Limited reported a total sales area of approximately 470,000 square meters and a total contract revenue of about 9.7 billion RMB for January 2026. The company sold 1,179 units in self-investment projects, with a sales area of around 180,000 square meters at an average price of about 34,345 RMB per square meter. Monthly revenue was approximately 6.1 billion RMB, with a contracted sales area of 220,000 square meters generating around 6.3 billion RMB in revenue. Additionally, subscription sales amounted to 2.8 billion RMB, and project management sales reached about 3.4 billion RMB. The reported data is preliminary and unaudited.

Reuters

China Southern CSI All Share Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

GF CSI All Share Financials ETF

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

Greentown China meldet Verkaufsumsatz von 9,7 Milliarden RMB im Januar 2026

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Greentown China Holdings Limited has announced a framework agreement for the ongoing provision of decoration and installation services for China Communications Construction Group (CCCG) and its subsidiaries and affiliates. This agreement is effective from February 3, 2026, to December 31, 2028. Individual projects will be governed by separate contracts subject to applicable bidding and procurement regulations.

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CHINA COMM CONS

Greentown China Holdings Limited kündigt Rahmenvereinbarung zur Erbringung von Dekorations- und Installationsdienstleistungen an

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Morgan Stanley pointed out that the recent upward trend in the domestic real estate sector is difficult to sustain, and it is expected that residential sales and housing prices will decline in the coming months. Despite improved investor sentiment and a rebound in residential sales, the diminishing effects of policies and seasonal factors will impact the market. The bank holds a pessimistic view on the annual performance of mainland real estate companies, believing that profits will decline significantly. In terms of investment ratings, C&D International Group and CHINA RES LAND are viewed positively, while GREENTOWN CHINA and CHINA JINMAO are recommended for reduction

AASTOCKS

CHINA RES LAND

CHINA RES MIXC

C&D INTL GROUP

CHINA JINMAO

Morgan Stanley: The recent upward trend in the real estate sector is difficult to sustain, and residential sales and property prices are expected to decline in the coming months

Citi released a research report stating that mainland property companies are no longer required to report the "three red lines" indicators monthly. The policy aims to limit debt and encourage deleveraging. Although the pace of policy implementation has accelerated, restoring investment will still take time, and state-owned enterprises must comply with leverage requirements, making the possibility of increasing leverage in the short term low. Citi believes that the cancellation of the "three red lines" will have a limited impact on the industry's fundamentals but may boost market sentiment. It is expected that profit forecasts will be revised down from January to March this year, with preferred domestic property stocks including China Jinmao and Greentown China

Citigroup expects that the relaxation of the "three red lines" policy in mainland China will have limited impact on the fundamentals of the industry, and the possibility of increasing leverage for investment in the short term is not high

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Hong Kong stocks rose significantly, with the Hang Seng Index closing at a high of 27,826 points, up 699 points or 2.6%, reaching a high not seen in over four and a half years. The National Index rose by 267 points, and the Hang Seng Tech Index increased by 145 points. Financial, real estate, and commodity stocks led the gains, with HSBC, BOC HONG KONG, HKEX, and AIA all showing significant increases. Domestic property stocks such as CHINA JINMAO and GREENTOWN CHINA rose by 11.9% and 9%, respectively. Spot gold broke through $5,200, and resource and oil stocks also performed strongly

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HSBC HOLDINGS

Hang Seng Index

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Hong Kong Exchanges and Clearing (HKEX)

"Hong Kong Stocks" The Hang Seng Index closed up 699 points, reaching a high not seen in over four and a half years, with financial, real estate, and commodity stocks leading the gains

The Hong Kong stock market showed significant gains in the morning session, with the Hang Seng Index rising 598 points to reach 27,725 points, the highest in over four and a half years. Financial, real estate, and commodity stocks generally increased, with HSBC and BOC HONG KONG rising by 2.7% and 2.9%, respectively. Domestic bank stocks and local real estate stocks performed strongly, with domestic property stocks CHINA JINMAO and GREENTOWN CHINA rising by 7.9% and 6.7%, respectively. Spot gold broke through $5,200, and resource and oil stocks also saw significant increases. The total turnover of the market for the half-day was HKD 196.327 billion

"Hong Kong Stocks" The Hang Seng Index rose 598 points in half a day, reaching a high not seen in over four and a half years, with financial, real estate, and commodity stocks rising

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UBS released investment ratings and target prices for domestic property stocks, as follows: CHINA RES LAND rated as Buy, target price adjusted from 42 yuan to 36 yuan; CHINA OVERSEAS rated as Neutral, target price adjusted from 15 yuan to 13.8 yuan; Poly Developments rated as Neutral, target price adjusted from 8.5 yuan to 6.6 yuan; C&D INTL GROUP rated as Buy, target price adjusted from 19 yuan to 17 yuan; GREENTOWN CHINA rated as Buy, target price adjusted from 19 yuan to 15 yuan; CHINA JINMAO rated as Neutral, target price adjusted from 1.6 yuan to 1.5 yuan; YUEXIU PROPERTY rating adjusted from Buy to Neutral, target price adjusted from 6.5 yuan to 4.4 yuan

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CH OVS G OCEANS

CHINA OVERSEAS

UBS's Investment Ratings and Target Prices for Property Stocks (Table)

Citi's research report points out that the Chinese real estate industry will face challenges of impairment and declining gross margins in the fiscal year 2025, although state-owned enterprises are still expected to be profitable. Market challenges will intensify in the second half of 2025, with unclear sales targets. Some companies, such as CHINA RES LAND and GREENTOWN CHINA, may undergo strategic adjustments. It is expected that the core profits of 15 property companies without credit issues will decline by 34%, with gross margins dropping to 13.9%. Policy easing is expected to drive improvements in the second-hand market sales in 2026, but the rebound may be short-lived. The industry prefers CHINA JINMAO, CHINA RES LAND, and CHINA OVERSEAS

"Big Banks" Citigroup: China's real estate sector will face impairment challenges in 2025, with China Jinmao, China Resources Land, and China Overseas as top picks

Greentown China Logs 19.7 Billion Yuan in December Sales

Greentown China Logs 19.7 Billion Yuan in December Sales

Greentown China Holdings reported unaudited contracted sales of approximately RMB252 billion for the year ending December 31, 2025. The company's self-investment projects contributed RMB153.4 billion, while its project management business added RMB98.5 billion. The total sales area reached about 12.08 million square meters. The figures are preliminary and may vary in future financial statements. The current analyst rating for Greentown China stock (HK:3900) is a Hold with a price target of HK$9.00.

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Greentown China Posts RMB252 Billion in Unaudited 2025 Contracted Sales

Greentown China Holdings Limited reported unaudited operating data for 2025, revealing total contracted sales of approximately RMB251.9 billion and a sales area of about 12,080,000 square meters. In December 2025 alone, the company sold 3,769 units, generating monthly sales of around RMB19.7 billion. The average selling price was RMB31,598 per square meter. The project management business contributed RMB98.5 billion in sales for the year, with a total sales area of 7,420,000 square meters. The results are based on preliminary internal information and are unaudited.

Greentown China Reports RMB251.9 Billion Total Sales for 2025

MB-GTWN@EC2606A(21093.HK)

Greentown China Logs 9.7 Billion Yuan in January Sales

Greentown China meldet Verkaufsumsatz von 9,7 Milliarden RMB im Januar 2026

Greentown China Holdings Limited kündigt Rahmenvereinbarung zur Erbringung von Dekorations- und Installationsdienstleistungen an

Morgan Stanley: The recent upward trend in the real estate sector is difficult to sustain, and residential sales and property prices are expected to decline in the coming months

Citigroup expects that the relaxation of the "three red lines" policy in mainland China will have limited impact on the fundamentals of the industry, and the possibility of increasing leverage for investment in the short term is not high