August 25th - Hong Kong property stocks showed strength at market opening, with China Vanke Co.,Ltd. surging over 7%. New City Development, Sunac China, and Sino-Ocean Group rose over 5%, while Longfor Group, Greentown China, and Yuexiu Property gained over 4%.

According to the July residential product monthly report released by China Index Research Institute, based on changes in transaction volume share, compared to the same period in 2024, from January to July 2025, among 30 representative cities, 24 cities saw an increase in the share of transactions for properties over 120 square meters, indicating that upgrade demand remains an important support for the new housing market. By area segment, 20 cities showed increased transaction shares for 120-144 square meter properties, with cities including Shanghai, Nanjing, Changsha, and Nanchang seeing increases of over 4 percentage points. Additionally, 20 cities recorded higher transaction shares for properties over 144 square meters, with Hefei, Ningbo, Xiamen, and Wuxi showing particularly notable increases.

In terms of individual stock news, China Vanke announced that as of the end of June this year, its net debt ratio reached 90.4% for the first half, an increase of 9.8 percentage points from year-end, while its asset-liability ratio was 73.1%, down 0.6 percentage points from the end of 2024. China Vanke stated that during the period, it received support from various financial institutions, securing new financing and refinancing of 24.9 billion yuan within the consolidated statement scope, excluding shareholder loans. Its largest shareholder, Shenzhen Metro Group, actively provided liquidity support, having cumulatively provided 23.88 billion yuan in shareholder loans to date, with both loan interest rates and collateral ratios more favorable than market standards.