MB-CGSH@EC2609A

HARBOUR DIGITAL

CONGYU INTE AGR

GF HEALTHCARE

KWONG MAN KEE

51WORLD

160 HEALTH

HUILI RES

HUAYUEXPRESSWAY

METASURFACE

CHERISH SUN

02007

06098

512200

Country Garden Holdings issues additional work fee shares relating to proposed restructuring

marketscreener

COUNTRY GARDEN

CG SERVICES

China Southern CSI All Share Real Estate ETF

Country Garden Holdings issues additional work fee shares relating to proposed restructuring

Country Garden Holdings Company Limited announced that the property sales amount in February was approximately RMB 2.23 billion, a year-on-year decrease of 3%, but an increase of 0.9% compared to January. The contracted sales area was approximately 290,000 square meters, a year-on-year decrease of 6.5%, but an increase of 3.6% compared to January. The company's stock price opened flat at HKD 0.3, down 65% over the past year

BambooWorks

Brief News: COUNTRY GARDEN sales remain sluggish, with 2.2 billion in cash from property sales in February

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JP Morgan released a research report updating the investment ratings for domestic property and property management stocks. Among domestic property developers, China Resources Land, China Overseas, China Jinmao, Longfor Group, and Seazen were rated as overweight, while China Vanke was rated as underweight. Country Garden, Sunac China, and Shimao Group were also rated as underweight. In terms of Chinese property management stocks, China Resources Mixc was rated as overweight, China OVS was rated as underweight, Poly Property and GREENTOWN SER were rated as overweight, CG SERVICES was rated as neutral, while A-LIVING and SUNAC SERVICES were rated as underweight

AASTOCKS

GREENTOWN SER

CHINA OVS PPT

SHIMAO SERVICES

SHIMAO GROUP

Sunac China

Hwabao WP CSI 800 Real Estate ETF

A-LIVING

SUNAC SERVICES

POLY PPT SER

SEAZEN

Seazen

CHINA VANKE

CHINA RES LAND

ChinaAMC CSI All Share Real Estate ETF

CHINA RES MIXC

LONGFOR GROUP

POLY PROPERTY

CHINA JINMAO

Vanke

Yinhua CSI Interior Real Estate Theme ETF

CH OVS G OCEANS

CHINA OVERSEAS

JP Morgan's Investment Ratings on Real Estate and Property Management Stocks

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CG SERVICES issued a profit warning, expecting the net profit attributable to shareholders for the fiscal year 2025 to be between RMB 500 million and RMB 700 million, a significant decrease from RMB 1.808 billion in the previous year. The main reasons are the increase in credit impairment losses on trade receivables and the decrease in fair value changes of contingent consideration arising from mergers and acquisitions. The expected core net profit attributable to shareholders is between RMB 2.4 billion and RMB 2.7 billion, down from RMB 3.038 billion in the previous year. The dividend target for the fiscal year 2025 will be based on 60% of the core net profit attributable to shareholders for cash dividends

GF CSI All Share Financials ETF

"Profit Warning" CG SERVICES forecasts last year's core profit to drop to a maximum of 2.7 billion RMB

CG SERVICES announced on the Hong Kong Stock Exchange that the preliminary data for annual revenue is between RMB 48.2 billion and RMB 48.5 billion. The preliminary data for annual core net profit is between RMB 2.4 billion and RMB 2.7 billion. The preliminary data for annual net profit is between RMB 500 million and RMB 700 million

Wallstreetcn

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

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

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Longfor's stock price rose by 4.2%, and Country Garden rose by 6.5%, as Shanghai will reduce housing purchase restrictions starting tomorrow and moderately increase the maximum housing provident fund loan limit to 2.4 million RMB. Country Garden has paid approximately 398 million USD in cash to creditors. Other real estate stocks such as Sunac China, YUEXIU PROPERTY, and CHINA JINMAO also saw increases. The new policy will shorten the required years of social security or individual income tax payments for non-Shanghai residents to purchase homes and increase the home loan limits

ChinaAMC Jinmao Shopping Center Closed REIT

YXCHC

YUEXIU PROPERTY

YUEXIU SERVICES

Guotai FTSE China China Enterprises Open All-Win ETF

Longfor rises 4% and Country Garden rebounds 6% as Shanghai adjusts housing purchase restrictions starting tomorrow

Country Garden recently announced that, according to the order of the High Court of Hong Kong, the company's liquidation petition has been dismissed. Since the restructuring took effect on December 30, 2025, Country Garden has paid approximately USD 398 million in cash to creditors during the first working week, accounting for 2% of the restructured debt principal. As of February 16, the proportion of mainland investors holding Country Garden through the Hong Kong Stock Connect was 17.7%, an increase of 2.4 percentage points from 15.3% at the end of 2025, with the number of shares held reaching a historical high

Country Garden has paid approximately USD 398 million in cash consideration to creditors, accounting for 2% of the restructured debt principal

A Hong Kong court has dismissed a petition to liquidate Country Garden, a major Chinese property developer, after the firm restructured its offshore debt. Once the largest real estate developer in China, Country Garden reported liabilities of 885.4 billion yuan (US$128 billion) as of June 2023. The court's decision came after a creditor's petition, with no representatives present. The company’s shares remain low following a trading suspension lifted in January 2025. Recently, its executives faced disciplinary action for failing to disclose overdue debts.

- Country Garden, once China's largest real estate developer, reported total liabilities of 885.4 billion yuan (US$128 billion) due to ongoing debt struggles faced by the company and industry peers.  
- The firm’s shares in Hong Kong remain near all-time lows following a nine-month trading suspension, and its restructuring scheme was approved by the court in December 2025.  
- Recent disciplinary action from the Shanghai Stock Exchange was taken against the company's chairman and executives for failing to disclose overdue debts.

vnexpress

Hong Kong court dismisses bid to liquidate property giant Country Garden

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The Hong Kong High Court has dismissed a winding-up petition against Chinese property developer Country Garden, filed by Ever Credit for non-payment of a $205 million loan. This petition came after the liquidation of China Evergrande Group, highlighting ongoing struggles in China's property sector, which has been declining for five years due to reduced demand and developer defaults.

- The Hong Kong High Court dismissed a winding-up petition against Country Garden filed by Ever Credit for non-payment of a $205 million loan.  
- The petition was submitted after the liquidation of China Evergrande Group, reflecting ongoing challenges in China's struggling property sector.  
- This sector has faced a slump for five years, significantly impacting its contribution to the country's gross domestic product and homebuyer sentiment.

CHINA PENGFEI

中国恒大

Hong Kong Court dismisses 2024 petition to wind up Country Garden

MB-CGSH@EC2609A(26943.HK)

Country Garden Holdings issues additional work fee shares relating to proposed restructuring

Brief News: COUNTRY GARDEN sales remain sluggish, with 2.2 billion in cash from property sales in February

JP Morgan's Investment Ratings on Real Estate and Property Management Stocks

"Profit Warning" CG SERVICES forecasts last year's core profit to drop to a maximum of 2.7 billion RMB