Hong Kong-listed mainland property stocks rose collectively on May 4, with China Vanke climbing over 12%. Shimao Group advanced more than 8%, while Sunac increased over 7%. R&F Properties and others gained over 5%, and Longfor Group among others rose more than 4%.

Following the Politburo meeting on April 28, 2026, which emphasized efforts to stabilize the real estate market, a new wave of policy measures has been introduced nationwide. Key cities have responded promptly with a series of new housing policies. Shenzhen took the lead on April 29 by easing purchase restrictions in core urban areas and raising the cap on housing provident fund loans. On April 30, Guangzhou, Tianjin, and Wuhan rolled out their own measures: Guangzhou enhanced subsidies for trading old homes to buy new ones and significantly increased provident fund loan limits; Tianjin encouraged the acquisition of existing housing stock to meet rigid demand; and Wuhan temporarily implemented district-based criteria for defining first homes to facilitate property upgrades. On May 2, Suzhou followed suit with an 11-point plan to optimize regulations, focusing on coordinated planning, stronger housing provident fund support, and promoting the development of quality housing.