Chinese property shares jumped in morning trading. Shimao Group rose 9%; Greentown China rose 8%; Agile Group rose 7%; China Resources Land rose 6%; Longfor Group rose 5%; Sunac China rose 4%; China Vanke and Country Garden rose 3%.

Qiushi, a key CPC journal, published an article titled “Improving and Stabilizing Expectations in the Property Market,” underscoring the pivotal role of real estate in China’s broader economic development. The article calls for a clear assessment of current conditions and a more proactive policy approach, urging authorities to shorten the adjustment period as much as possible, smooth market volatility, and maintain sufficient policy intensity. It stresses that policy support should be aligned with market expectations and delivered decisively in one go, rather than through incremental, stop-gap measures that could lead to prolonged policy–market tug-of-war.

Everbright Securities said the Qiushi article has helped stabilize market expectations and that stronger policy support is expected in 2026. GF Securities, in a separate research note, said that following the relatively subdued tone on “stabilizing the property sector” at the recent Central Economic Work Conference, the latest commentary represents a comprehensive strengthening of guidance and carries significant implications for anchoring asset-price expectations. The firm expects both the strength and sustainability of policy support to continue improving.