Sales Growth: The top 100 property developers in Mainland China saw a 39.5% month-on-month increase in sales from RMB244.4 billion in November to RMB340.9 billion in December, with major listed developers experiencing a 48.2% rise.

Market Outlook: BOCOMI anticipates continued improvement in demand for secondary market properties, favoring state-owned enterprises (SOEs) and predicting stability in the new housing market, with a preference for SOE projects among buyers.

H Shares Performance: Various H shares showed mixed performance with C&D International Group and China Overseas experiencing declines, while China Res Land and China Vanke saw slight increases. Short selling ratios varied significantly among these stocks.

A Shares Overview: A shares like Binjiang Group and Merchants Shekou also displayed positive movements, but some, such as Poly Developments and Vanke A, were rated as underperforming with reduced target prices.

Market Sentiment: Analysts from BofAS predict more aggressive property policies in China by March and April, favoring companies like China Resources Land and China Overseas Land & Investment.

Short Selling Data: The short selling data indicates varying levels of investor confidence, with some stocks experiencing high short selling ratios, reflecting market skepticism.

Bond Issuance Plans: YUEXIU PROPERTY is considering issuing up to RMB1.77 billion in dim sum bonds in Hong Kong to enhance offshore financing and address funding needs.

Loan Agreement: The company has entered into a financing agreement with a bank for a term loan facility of $500 million, which will be available for a maximum of 18 months from the first drawdown date.

Stock Performance Overview: Various Hong Kong stocks showed mixed performance, with Agile Group and C&D International Group experiencing slight gains, while CIFI Hold GP and China Jinmao saw declines.

Investment Ratings: Investment ratings varied across companies, with several stocks like C&D International Group and China Overseas rated as "Buy," while others like CIFI Hold GP and Country Garden were rated as "Sell (High Risk)."

Short Selling Activity: Significant short selling activity was noted, particularly in stocks like KE Holdings and C&D International Group, indicating investor caution or bearish sentiment.

Market Insights: JPMorgan highlighted that mortgage subsidies alone may not be enough to revitalize the Chinese property market, suggesting a need for broader measures to attract investor confidence.

Market Overview: The HSI opened slightly up at 25,435, while the HSCEI and HSTECH showed minimal changes, with the technology sector experiencing mixed performances among major stocks like BABA and TENCENT.

Technology Sector Movements: BABA opened down 0.3% as it aims to develop a super app, while TENCENT and other tech stocks like MEITUAN and BIDU saw slight increases, contrasting with declines in JD and BILIBILI.

Carmakers Performance: BYD and GEELY experienced minor declines, while XIAOMI edged up slightly. GEELY is planning a significant syndicated loan for ZEEKR's privatization.

Real Estate and Other Stocks: AGILE GROUP faced a significant drop due to a winding-up petition, while peers like YUEXIU PROPERTY and LONGFOR GROUP saw gains. VIVA GOODS increased its stake in LI NING, which opened higher.