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.

BofA Securities' Positive Outlook: BofA Securities maintains a non-consensus positive view on the Chinese real estate industry, anticipating proactive policy-making that could create investment opportunities despite current pressures and low investor positioning.

Preferred Companies: The report favors companies with strong execution capabilities, including CHINA RES LAND, CHINA OVERSEAS, and C&D INTL GROUP, while also expecting CHINA RES MIXC to benefit from consumer stimulus measures.

Earnings Forecast Adjustments: BofA lowered its median EPS forecast for Chinese property developers by 8% for 2025-27, projecting a 20% decline in 2025 earnings, with a weaker-than-expected rebound anticipated in 2027.

Target Price Reductions: Due to downbeat prospects, BofA cut its target price for Chinese property developers by 12%, maintaining an Underperform rating for several companies, including CG SERVICES and POLY DEVELOPMENTS.

Stock Performance: CG Services and China OVS PPT experienced declines, while China Res Mixc saw an increase in share price, indicating mixed performance among property management stocks.

Short Selling Activity: Significant short selling was noted across various companies, with China Res Mixc having the highest short selling ratio at 29.105%, reflecting market caution in the sector.

Stock Performance: Various Hong Kong stocks showed positive movements, with A-LIVING up 3.03%, CG SERVICES up 4.11%, and GREENTOWN SER up 4.29%.

Short Selling Data: Significant short selling activity was noted, with ratios ranging from 3.615% to 27.161% across different companies, indicating varying levels of market skepticism.

Rating Changes: Several companies experienced changes in their ratings, with CG SERVICES upgraded from Underweight to Equalweight and SUNAC SERVICES downgraded from Equalweight to Underweight.

Target Price Adjustments: Target prices for several stocks were adjusted, with notable increases for CHINA RES MIXC and POLY PPT SER, reflecting positive market sentiment.

Chinese Property Managers' Performance: Morgan Stanley reports early signs of stability in Chinese property managers for 1H25, predicting industry growth in 2H25 with YoY earnings growth of 4%/9%/11% for 2025-27.

Stock Ratings Adjustments: Morgan Stanley upgraded ONEWO's rating to Overweight and increased its target price, while downgrading SUNAC SERVICES to Underweight due to poor earnings prospects, with other stocks like CHINA OVS PPT and CG SERVICES adjusted to Equalweight.