Chinese property stocks experienced a broad surge. At the time of writing, COUNTRY GARDEN (02007) rose 38.76% to HK$0.29. SUNAC (01918) gained 20.22%, trading at HK$1.07. CHINA VANKE (02202) advanced 14.17% to HK$2.90. CIFI HOLD GP (00884) increased by 12.07%, reaching HK$0.065.

The rally follows the State Council's release of the "15th Five-Year Plan for Urban Renewal" on May 28th. The plan outlines development goals, tasks, and policies for the 2026-2030 period, with a vision to build modern, people-centered cities by 2035. It focuses on improving people's livelihoods and fostering development, introducing quantitative targets and establishing a sustainable renewal mechanism with a new operational logic.

According to estimates from multiple institutions, the total market capacity for urban renewal during the "15th Five-Year Plan" period is projected to reach 15 to 20 trillion yuan. The release of this plan signifies that urban renewal is entering a new phase characterized by institutionalization, long-term effectiveness, and marketization. The sector is transitioning from simple physical space renovation to a model driven by a combination of "space, industry, and consumption," which is expected to have a profound impact on the real estate market.