Sunac China's stock soared 5.61% during intraday trading on Wednesday, marking a significant upward movement for the property developer.

The rally was driven by the company's disclosure that it is actively exploring a REITs platform to convert its core-city commercial, cultural tourism, and ice-and-snow heavy assets into tradable financial products. This initiative aims to unlock the value of existing assets that may be undervalued on the company's balance sheet.

Sunac currently operates 11 ski resorts and holds premium assets such as the Chongqing Bay complex. The REITs pathway could enable repricing of these assets based on cash flow valuation, though the initiative remains at an early stage with implementation dependent on policy environment, asset quality, and debt restructuring progress.