JPVANKE@EC2612A

Vanke Hong Kong Reports Sales Breakthrough of Over 1,550 Units, Scheduled for Delivery in Third Quarter of This Year

JPMorgan Doubts the Authenticity of Shenzhen Government's $10.7B Bailout for Vanke

Vanke Bonds Price Rises

Fitch Raises Vanke's Bond Rating to 'CC'

Wang Shi Responds to Vanke's 8.2 Billion Loss Announcement

Vanke's PoYu Clearing Tenants, Returning Houses to Owners

Vanke Announces FY2024 Loss of 82 Billion Yuan

Vanke Predicts Net Loss of Nearly 8.2 Billion Yuan in 2025

Vanke A Reports Continuous Sales Decline and Pushes Forward Reforms

Vanke Conducts Fixed Repayment and Partial Redemption of Principal for Bond 21 Vanke 02

Wang Kun, Former Chairman of Vanke, Suspected to Be Missing

Vanke Holds the First Meeting of Bondholders for its 2022 Fifth Period Medium-term Notes

Vanke Responds to Medium-term Note Holders' Meeting Resolution

Vanke A Announces Extension of Medium-term Note Grace Period to 30 Trading Days

Vanke's bond extension proposal passes

Vanke to Receive Loan from Major Shareholder to Repay Bonds

Vanke Adjusts the Payment Arrangement of the 2022 Fourth Tranche Medium-term Note

Vanke Announces Guarantee Balance of 84.493 Billion Yuan as of November 2025

Vanke A Terminates REITs Issuance Application for Warehouse Logistics Parks

Wangjing's debt restructuring plan fails to gain creditor approval

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

02869

00813

00817

01918

00960

02202

01030

JP Morgan released investment ratings for domestic property and property management stocks, as follows: For domestic property stocks, CHINA RES LAND, CHINA OVERSEAS, CHINA JINMAO, LONGFOR GROUP, and SEAZEN are rated as overweight; CHINA VANKE is rated as underweight, while COUNTRY GARDEN, Sunac China, and SHIMAO GROUP are rated as underweight. For property management stocks, CHINA RES MIXC is rated as overweight, CHINA OVS PPT and POLY PPT SER are rated as underweight, GREENTOWN SER is rated as overweight, CG SERVICES is rated as neutral, and A-LIVING and SUNAC SERVICES are rated as underweight

AASTOCKS

GREENTOWN SER

SHIMAO GROUP

CHINA JINMAO

CHINA RES MIXC

CHINA RES LAND

CG SERVICES

CH OVS G OCEANS

Sunac China

LONGFOR GROUP

SHIMAO SERVICES

COUNTRY GARDEN

CHINA VANKE

CHINA OVERSEAS

SUNAC SERVICES

CHINA OVS PPT

POLY PPT SER

SEAZEN

A-LIVING

JP Morgan's Investment Ratings on Property and Property Management Stocks (Table)

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China's second-hand home prices fell by 0.54% in January, marking the smallest decline in eight months, according to the National Bureau of Statistics. New home prices also dropped by 0.37%. Recent supportive measures include relaxed rules for non-resident buyers and tax reductions for property sales. Investors are awaiting the National People’s Congress for economic guidelines. Despite these measures, UBS's John Lam predicts home prices will continue to decline for at least two more years, with values in major cities down over a third from peak levels.

Businesstimes News

CSI 300

SSE Index

Yinhua CSI Interior Real Estate Theme ETF

ChinaAMC CSI All Share Real Estate ETF

Yinhua MSCI China A ETF

China Southern CSI All Share Real Estate ETF

China used-home prices fall at slower pace in relief to market

512760

159546

159325

02513

159998

159995

588780

588170

China's stock market saw gains on Thursday, with the Shanghai Composite rising 0.1% to approximately 4,135 and the Shenzhen Component increasing by 0.4% to 14,220. This upward trend was driven by technology and AI firms, following Premier Li Qiang's call for advancements in AI innovation. Notable stock increases included Zhipu AI (+20%), Suzhou TFC Optical (+8.9%), and others. Additionally, ByteDance's development of an AI chip further fueled optimism in the AI sector.

Trading Economics

Guotai CES Semiconductor Chip Industry ETF

Guotai CSI All Share Integrated Circuit ETF

China Southern CSI Semiconductor Industry Custom ETF

KNOWLEDGE ATLAS

Tianhong CSI Computer Theme ETF

ChinaAMC Guozheng Semiconductor Chip ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

China Stocks Rise on AI Optimism

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159940

159707

JP Morgan expressed skepticism regarding the report by Octus about the Shenzhen municipal government's preparation of a RMB 80 billion rescue plan for Vanke, stating that the report is unverified and that historically, similar speculations about funding support have only been confirmed once. The report pointed out that the amount of RMB 80 billion is unclear and could be related to refinancing or credit limits. Although the central government emphasizes the importance of avoiding defaults, JP Morgan questions the necessity of Vanke defaulting and believes the government is not in a hurry to invest another RMB 80 billion. JP Morgan considers an overall bond restructuring to be a more reasonable solution and expects a positive reaction in the stock price in the short term

Vanke

GF CSI All Share Financials ETF

Hwabao WP CSI 800 Real Estate ETF

"Major Banks" JP Morgan: Doubts about the authenticity of the report on Vanke's 80 billion yuan rescue plan

601155

Vanke's stock price rose nearly 5% as the Shenzhen municipal government is planning a rescue plan of RMB 80 billion, including a RMB 20 billion stock placement, to avoid default. UBS pointed out that this funding is sufficient to cover Vanke's publicly traded bonds. Policy support measures have increased, which may have a positive impact on LONGFOR GROUP and SEAZEN. Key indicators such as the rental price index in first-tier cities show the state of underlying demand, which, although still declining, is seeing a narrowing of the decline

Seazen

Vanke rises nearly 50% as reports indicate that the Shenzhen municipal government is planning an RMB 80 billion rescue plan

HK-listed China Vanke shares up more than 4% on media report Shenzhen government drafted rescue package for developer

marketscreener

HK-listed China Vanke shares up more than 4% on media report Shenzhen government drafted rescue package for developer

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S&P Global Market Intelligence listed the top ten shorted stocks in Hong Kong as of February 6, including Vanke, HTSC, and COSCO SHIP HOLD. The short interest ratio is the percentage of borrowed shares relative to the total number of outstanding shares, with Vanke's short interest ratio at 18.09% and HTSC at 16.90%. The data also shows that in the past 7 days, Vanke's stock price fell by 3.42%, while HTSC dropped by 6.87%

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Cosco Ship Hold

HTSC

COSCO SHIP HOLD

S&P Global Market Intelligence lists the top ten shorted Hong Kong stocks recently

601318

The three major A-share indices closed higher for the day, with an increase of about 1% to 3%. The Shanghai Composite Index rose 1.4% to 4,123 points, the Shenzhen Component Index rose 2.2% to 14,208 points, and the ChiNext Index rose 3% to 3,332 points. Domestic insurance and real estate stocks strengthened, with Ping An rising 2.7% and China Life rising 3.2%. Real estate stocks such as Beijing Investment Development hit the daily limit, Vanke A and Gemdale rose 3% to 5.7%. Chip stocks performed strongly, with SMIC A rising 2% and Cambricon rising 4.8%. The central parity rate of the RMB against the US dollar was adjusted up by 67 points, reported at 6.9523

Ping An

CHINA LIFE

Cambricon

PING AN

SMIC

Gemdale

China Life

The three major A-share indices of Shanghai and Shenzhen closed near their highs for the day, rising between 1.4% and 3%. Domestic insurance and real estate stocks strengthened, while semiconductor, computing power, and commercial aerospace stocks surged

03380

Hong Kong stock market real estate stocks strengthened, Sunac China rose nearly 9%, Logan Group rose over 6%, CHINA VANKE rose over 5%

Wallstreetcn

LOGAN GROUP

Today’s Key News Recap

1210 | Dolphin Research Focus: 🐬 Macro/Industry 1) Market chatter suggests a RMB 400bn mortgage interest-subsidy program has been set. The standard subsidy rate would be 1%, while loans tied to risk regions and distressed developers could get 2%.No official document has been released yet. If implemented, it would directly lower borrowers' mortgage costs.Enhanced subsidies for risk regions and developer-linked loans would precisely ease localized housing-market stress and reduce developers' funding-chain risk. It would also support new-home demand...

FL2CSOPGOLD

SPDR Gold Shares

Alphabet - C

Alphabet

Taiwan Semiconductor

Mirae Asset Global Investments Co., Ltd.

Bio-Techne

Palantir Tech

Microsoft

Pro Ultr Silver

iShares Silver Tr

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

GraniteShares 2x Long MSFT Daily ETF

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Mortgage subsidy rumors roil markets; Fed decision due tonight | Daily News Recap

0212 Dolphin focuses on: 🐬 Macro/Industry 1. The real estate sector is again buzzing with a significant &#34;small essay&#34;: It is reported that the Chinese government is preparing a plan that is expected to help Vanke address a funding gap of 50 billion RMB this year. Vanke A hit the daily limit, and the real estate sector quickly surged, boosting the overall sentiment in the Hong Kong and A-share markets. 🐬 Individual stocks 1. $JD.com(JD.US) $MEITUAN(03690.HK) JD.com is making a big move into the food delivery sector, announcing yesterday the official launch of the &#34;Quality Dine-in Restaurant Merchant&#34; recruitment program...

JD.com

JD-SWR

JD-SW

Meituan

MEITUAN

MEITUAN-WR

Meituan HK SDR 5to1

BABA-W

BABA-WR

Alibaba HK SDR 5to1

Alibaba

"Short essay" coming again; JD.com entered the food delivery market | Review of today's important news

$Sunac China(01918.HK) $R&amp;F PROPERTIES(02777.HK) $CHINA VANKE(02202.HK) The focus of this press conference is the statements from the newly added land department. The first sentence at the beginning is strict control of new land supply. This means that new land grants will be minimized. The second sentence is optimizing existing land. Existing land can be reclaimed or transferred by the government, as long as there is land, the government will take it. This means that it is a significant positive for the market. Among the Hong Kong-listed real estate stocks, Sunac ranks first in land reserves. The mainland has 154 million square meters of land reserves, most of which are located in first and second-tier cities, which are very high quality. This means that in the future, the amount of new land will be relatively small, and the focus will mainly be on existing land management, according to the land department's statements.

R&F PROPERTIES

This time, it is finally the turn of the ministries related to real estate to hold a press conference. Regardless of whether the policy adjustments are effective or not, the response of real estate stocks today is positive. Here are some views from brokerages for your reference. What are the main lines of future local policy support and optimization?It is recommended to focus on three main lines:1) &#34;Valuation Recovery&#34;: Pay attention to the recovery of liquidity in the real estate industry and the gradual clearance of credit risks for private real estate enterprises, leading to a decrease in risk premiums.2) &#34;Balanced Development&#34;: In the long term, we are optimistic about property management companies with strong independent development capabilities, high project quality, and strong operational and profitability capabilities.3) &#34;Stable State-Owned Enterprises&#34;: The stable development and low risk of state-owned property management companies bring valuation premiums.Real estate-related industry chain companies:$CHINA OVERSEAS(00688.HK) , $C&amp;D INTL GROUP(01908.HK) , $YUEXIU PROPERTY(00123.HK) , $Sunac China(01918.HK) , $LONGFOR GROUP(00960.HK) , $CHINA VANKE(02202.HK) , $CHINA RES LAND(01109.HK) , etc.; Property management companies: $CHINA RES MIXC(01209.HK) , Poly Property (06049), China Overseas Property (02669), Midea Real Estate (03990), etc. Real estate agencies: $BEKE-W(02423.HK) , $CG SERVICES(06098.HK)

YUEXIU PROPERTY

Real estate is going to soar today$LONGFOR GROUP(00960.HK)$CHINA VANKE(02202.HK)$Sunac China(01918.HK)

JPVANKE@EC2612A(25206.HK)

JP Morgan's Investment Ratings on Property and Property Management Stocks (Table)

China used-home prices fall at slower pace in relief to market

China Stocks Rise on AI Optimism

"Major Banks" JP Morgan: Doubts about the authenticity of the report on Vanke's 80 billion yuan rescue plan

Vanke rises nearly 50% as reports indicate that the Shenzhen municipal government is planning an RMB 80 billion rescue plan