On September 29, SUNAC rose 7.09% in regular trading, trading at HK$0.68/share, with turnover of approximately HK$83.96 million. The rally was broadly shared across the Real Estate Development sector, with peers including GREENTOWN CHINA up 8.35%, CHINA VANKE up 7.72%, CHINA JINMAO up 6.67%, CHINA OVERSEAS up 4.89%, and CHINA RES LAND up 4.21%.

On the policy front, the State Council executive meeting announced plans to roll out a batch of pragmatic incremental policies, including optimizing fiscal expenditure arrangements, utilizing local government debt quota reserves, comprehensively deploying and timely adjusting monetary policy tools, increasing re-lending quotas for technology innovation, agricultural support and small business financing, and notably studying the introduction of measures to stabilize the real estate market and promote employment and income growth.

The policy signal arrives amid a period of heightened sector volatility. The \"8.28\" five-ministry real estate overhaul had previously triggered sharp swings, with institutions noting that while near-term pressures from the shift to completed-property sales persist, core cities are expected to stabilize first. At the company level, SUNAC reported first-half revenue of RMB16.35 billion with a net loss of RMB12.54 billion, while completing the full conversion of its first batch of mandatory convertible bonds and repaying RMB4.87 billion in debt.

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