On September 29, CHINA RES LAND rose 3.87% in regular trading, trading at 30.5 HKD/share, with turnover of 2.4 billion HKD.

On the news front, the domestic property sector extended its rally after Beijing became the first city to publish detailed implementation rules for the August 28 property reform, explicitly capping cash sale deposits at no more than 1% of total property price. Institutions highlighted the strong demonstration effect, with markets anticipating other core cities to follow suit. The policy shift, part of a broader overhaul transitioning from pre-sale to cash sale models, coincides with the traditional peak selling season expectations.

Fundamentally, CHINA RES LAND reported August contracted sales of approximately 18.5 billion yuan, up 40.2% year-over-year, with cumulative eight-month sales reaching 149.1 billion yuan, up 9.0%. First-half operating cash flow turned positive at 6.84 billion yuan. Multiple institutions including UBS, Citigroup, and Goldman Sachs maintain buy ratings with target prices ranging from 38.8 to 45 HKD. Within the sector, CHINA JINMAO rose 6.67%, CHINA VANKE rose 3.96%, and SUNAC rose 3.94%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)