China Vanke's stock surged 5.00% during the intraday session on Thursday, reflecting strong investor sentiment towards the mainland property developer.

The rally is primarily driven by positive data from China's property market. Recent statistics show that home prices in first-tier cities have risen month-on-month for four consecutive months, while the area of unsold new commercial housing has declined for four months in a row. Furthermore, the secondary housing market has seen active transactions, and the total transaction volume for both new and existing homes has achieved positive growth for the past three months.

Analysts view these trends as indicators of a gradual recovery in market demand, with policies aimed at reducing inventory beginning to show effect. The overall outlook suggests a continued trend towards market stabilization in the sector for the second half of the year, supporting the positive movement in related stocks like China Vanke.