--- title: "As Beijing Unveils Major New Property Market Policies; CN Developers Rally Collectively; COUNTRY GARDEN Surges ~8%" type: "News" locale: "en" url: "https://longbridge.com/en/news/295352279.md" description: "Beijing unveiled major property market optimizations effective August 8, including reduced social security requirements for non-residents and relaxed purchase restrictions. Consequently, HK-listed Chinese developers rallied collectively; Country Garden surged ~8%, while Sunac, China Jinmao, and others gained over 2%. The policy also enhances housing provident fund support, raising maximum loan amounts up to RMB3.4 million for specific groups." datetime: "2026-08-10T03:09:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295352279.md) - [en](https://longbridge.com/en/news/295352279.md) - [zh-HK](https://longbridge.com/zh-HK/news/295352279.md) generator: "portal-rs" --- # As Beijing Unveils Major New Property Market Policies; CN Developers Rally Collectively; COUNTRY GARDEN Surges ~8% Beijing has become the first T1 city in China to take action after the Politburo meeting at the end of July mentioned “stabilising the property market”. The Beijing Municipal Commission of Housing and Urban-Rural Development, the Beijing Municipal Commission of Planning and Natural Resources and the Beijing Housing Provident Fund Management Center jointly issued the “Notice on Further Optimising and Adjusting Real Estate Policies in Beijing”. Effective from August 8, non-Beijing resident families buying commercial homes within the Fifth Ring Road will see the required years of social security or individual income tax payments reduced from two years to one year. Families with multiple children will also be allowed to purchase one additional home within the Fifth Ring Road, while there will be no purchase restrictions outside the Fifth Ring Road. HK-listed Chinese property developers escalated today (10th). COUNTRY GARDEN (02007.HK) +0.013 (+7.303%) Short selling $2.38M; Ratio 5.433% last stood at HKD0.192, up 7.87%, with turnover of 670 million shares involving HKD128 million. SUNAC (01918.HK) +0.030 (+5.172%) Short selling $8.91M; Ratio 7.969% last stood at HKD0.61, up 5.17%. CHINA JINMAO (00817.HK) +0.065 (+4.833%) Short selling $2.39M; Ratio 7.640% last stood at HKD1.41, up 4.83%. YUEXIU PROPERTY (00123.HK) +0.120 (+3.429%) Short selling $7.38M; Ratio 21.322% last stood at HKD3.62, up 3.43%. CHINA OVERSEAS (00688.HK) +0.250 (+1.903%) Short selling $32.97M; Ratio 19.968% , CHINA VANKE (02202.HK) +0.045 (+1.800%) Short selling $597.00K; Ratio 1.706% and LONGFOR GROUP (00960.HK) +0.145 (+2.226%) Short selling $8.09M; Ratio 14.863% all jumped up more than 2%, while CHINA RES LAND (01109.HK) +0.500 (+1.523%) Short selling $77.35M; Ratio 22.332% gained 1.4%. In addition, SHIMAO GROUP (00813.HK) +0.005 (+7.353%) rallied more than 7%, while AGILE GROUP (03383.HK) +0.012 (+6.936%) elevated nearly 7%. GREENTOWN CHINA (03900.HK) +0.110 (+1.499%) Short selling $12.15M; Ratio 24.769% and C&D INTL GROUP (01908.HK) +0.330 (+2.260%) Short selling $18.38M; Ratio 29.909% each advanced about 2%. CH OVS G OCEANS (00081.HK) +0.080 (+3.194%) Short selling $6.79M; Ratio 30.819% and SEAZEN (01030.HK) +0.040 (+2.920%) Short selling $9.96M; Ratio 18.663% spiked more than 3%. According to the notice, support from the housing provident fund will also be strengthened. For couples who are both contributors to the provident fund, the maximum provident fund mortgage loan amount for first-home purchases will be RMB2.4 million, while second-home purchases will be eligible for up to RMB2 million. With additional incentives for home purchases outside the six urban districts, green buildings and families with multiple children, the maximum loan amount will hit a record high of RMB3.4 million. 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