格隆汇2月11日丨根据联交所最新权益披露资料显示，2026年2月6日，佳兆业集团(01638.HK)遭Elliott Investment Management GP LLC在场内以每股均价 0.0887港元减持492万股，涉资约43.64万港元。 减持后，Elliott Investment Management GP LLC最新持股数目为1,341,648,921股，持股比例由14.01%下降至13.96%。 | 股份代號: | 01638 | | --- | --- | | 上市法國名稱: | 佳兆業集國控股有限公司 | | 日期 (日 / 月 / 年): | 11/01/2026 - 11/02/2026 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日 相關法 | | | --- | --- | --- | --- | --- | --- | --- | | | | 原因 | 股份數目 | | (請参閱上述 註 有投票權股期(日/月/ 份權益 | | | | | | | | 份自分比 年 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 本 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 本 公 司 證 券 的 邀 請 或 要 約，亦 不 在 任 何 司 法 權 區 構 成 任 何 投 票 或 批 准 的 招 攬。 本 公 告 並 非 旨 在 以 直 接 或 間 接 方 式 於 或 向 美 國 或 有 關 發 佈、刊 發 或 派 發 屬 違 法 的 司 法 權 區 派 發。本 公 告 並 不 構 成 在 美 國 或 任 何 其 他 倘 無 根 據 當 地 證 券 法 律 登 記 或 符 合 資 格 即 屬 違 法 的 司 法 權 區，要 約 提 呈 出 售 任 何 證 券 或 邀 請 作 出 購 買 任 何 證 券 的 要 約。倘 無 登 記 或 獲 適 用 豁 免 登 記 規 定，證 券 不 得 在 美 國 提 呈 發 售 或 出 售。於 美 國 公 開 發 ...

截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 佳兆業集團控股有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01638 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.1 | HKD | | 5,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.1 | HKD | | 5,000,000,000 | 本月底法定/註冊股本總額： HKD 5,000,000,000 FF301 股份發行人 ...

Core Viewpoint - The real estate sector has experienced a significant surge in both A-shares and Hong Kong stocks, indicating a potential shift in market dynamics and investor sentiment [1][5][9]. Group 1: Real Estate Sector Performance - A-shares real estate ETF rose nearly 3%, while Hong Kong's property stocks surged over 6%, with notable increases in companies like Sunac China and Hongyang Real Estate, both rising over 20% [1][5]. - Specific stock performances included China Aoyuan up 27.4%, Sunac China up 23.3%, and Hongyang Real Estate up 22.58% [5][6]. - The overall performance of the real estate sector suggests a clean clearing of chips, with low valuations attracting investor interest [9]. Group 2: Market Dynamics and Signals - The rise in real estate stocks coincides with a notable increase in the liquor sector, indicating structural volatility in the market as these sectors are seen as lagging behind in previous downturns [1][9]. - The recent surge in commodities, including gold and copper, reflects heightened inflation expectations, which could impact sectors like AI negatively [2][9]. - The performance of 30-year treasury futures has been unexpectedly strong, suggesting a complex market narrative that does not align with traditional economic theories regarding inflation and bond prices [3][9]. Group 3: Policy and Regulatory Environment - Reports indicate that several real estate companies are no longer required to report "three red lines" metrics monthly, suggesting a more lenient regulatory environment [7]. - Analysts believe that recent policy adjustments, such as the reduction of the value-added tax on second-hand homes and the lowering of commercial property loan down payments, may support a stabilization in the real estate market [7].

Market Overview - As of January 29, A-share major indices showed mixed performance, with the Shanghai Composite Index down 0.1% and the Shenzhen Component Index up 0.01% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 20,349 billion yuan, an increase of 1,042 billion yuan compared to the previous day [2] - Over 2,400 stocks in the market experienced gains [2] Gold Market - International gold prices reached new highs, with spot gold surpassing $5,500 per ounce, peaking at $5,598.75 per ounce, marking a year-to-date increase of over 28% [10][11] - Gold stocks surged, with China Gold achieving five consecutive trading limits [9][12] - Despite the surge, China Gold warned investors about potential risks, stating that its main business remains unchanged and projecting a net profit decrease of 55% to 65% for 2025 [12] AI Application Sector - AI application stocks saw a significant rally, with Keda Xunfei (科大讯飞) hitting the daily limit up after a positive earnings forecast [5][6] - Keda Xunfei expects a net profit of 785 million to 950 million yuan for 2025, representing a growth of 40% to 70% year-on-year [8] - The company reported over a 20% increase in R&D investment, emphasizing its commitment to core technology autonomy [8] - Analysts from CITIC Securities expressed optimism about the AI application and computing power sectors, anticipating a surge in AI-native applications and the need for increased computing power [8] Real Estate Sector - The real estate sector experienced a rebound, with stocks like I Love My Home and Shenzhen Deep Housing hitting daily limits [14] - Shenzhen Deep Housing projected a net profit of 80.8 million to 121 million yuan for 2025, marking a turnaround from a loss of 177 million yuan the previous year [14] - Hong Kong-listed property stocks also saw significant gains, with notable increases in companies like Contemporary Land and China Aoyuan [14][16] - The restructuring of debts among leading real estate companies is progressing, with Vanke successfully extending three domestic bonds and other companies like Country Garden and Sunac China entering execution phases for debt restructuring [17] - Experts suggest that a new financing model for real estate is emerging, focusing on cash flow safety and operational efficiency [18]

每经AI快讯，1月29日，港股地产股大涨，融创中国涨超30%，中国奥园涨26%、世茂集团、碧桂园、 佳兆业集团均涨超20%，正荣地产、旭辉控股集团、富力地产涨超15%。 ...

Group 1 - The core viewpoint of the article highlights the strong performance of Hong Kong real estate stocks, with notable increases in share prices for several companies [1] Group 2 - Sunac China experienced a rise of over 20% in its stock price [1] - Kaisa Group and China Aoyuan both saw their stock prices increase by more than 15% [1] - Other companies such as R&F Properties, Vanke Enterprises, and Yuexiu Property also reported significant gains [1]

Core Viewpoint - The real estate industry is experiencing a significant debt restructuring process in early 2026, with multiple companies making important progress in their debt resolution efforts, indicating a continuation of the trend from 2025 [1][2]. Group 1: Debt Restructuring Progress - In January 2026, companies such as Vanke, Road King, and Fantasia have disclosed important developments in their debt restructuring [2][3]. - Vanke's debt restructuring plan includes a combination of fixed payments, cash buybacks, and interest prepayments, which has garnered high approval from bondholders [2]. - Fantasia's restructuring has entered a critical judicial phase, as indicated by a ruling from the Hong Kong High Court [3]. Group 2: Scale of Debt Restructuring - In 2025, significant progress was made in debt restructuring, with 21 distressed real estate companies completing their restructuring, amounting to a total debt relief of approximately 1.2 trillion yuan [5]. - Jin Ke Co., for instance, completed a judicial restructuring involving a debt scale of 147 billion yuan, marking it as the largest case in the industry [4]. - Sunac China and Country Garden have also successfully implemented their debt restructuring plans, with Sunac reducing its overall debt pressure by nearly 60 billion yuan [4]. Group 3: Policy Support - The "white list" financing mechanism has been crucial in supporting the debt restructuring efforts, allowing for a shift from relying on company credit to focusing on project assets [6][7]. - As of January 2026, the loan extension period for qualifying "white list" projects has been increased from 2.5 years to 5 years, providing companies with more financial flexibility [7]. - This policy change is expected to enhance the operational stability of quality private real estate companies, allowing them to diversify their business and mitigate risks [7].

2026年开年，房企债务重组进程迎来密集落地。北京商报记者不完全统计，2026年1月以来，包括万 科、路劲、花样年等4家房企接连披露化债重要进展。在业内人士看来，这一良好开局，正是对2025年 行业集中化债、风险加速出清态势的有效延续与有序承接。2025年房地产行业债务重组与企业重整自救 的积极信号持续释放，包括融创中国、碧桂园、佳兆业等21家出险房企债务重组、重整获批及完成，化 债规模约1.2万亿元。 为进一步巩固化债成效、助力行业持续纾困，政策端同步发力、精准赋能。2026年1月，房地产融资"白 名单"制度迎来关键优化，明确符合条件的"白名单"项目贷款展期期限由此前的最长2.5年延长至5年， 为房企持续推进债务化解提供了更充足的资金周转缓冲空间。 | | | | 同意 占参加会议 | 反对 | | 算权 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券 | 会议议案 | | 占表决 的债券持有 | | 占表决 | | 占麦决 | 是否 | | 简称 | | 数量 | 权总数 人所持表决 | 数量 | 权总数 | 数量 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 (2)可能根據一般授權及特別授權發行新股份 – 1 – 本 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 本 公 司 證 券 的 邀 請 或 要 約，亦 不 在 任 何 司 法 權 區 構 成 任 何 投 票 或 批 准 的 招 攬。 本 公 告 並 非 旨 在 以 直 接 或 間 接 方 式 於 或 向 美 國 或 有 關 發 佈、刊 發 或 派 發 屬 違 法 的 司 法 權 區 派 發。本 公 告 並 不 構 成 在 美 國 或 任 何 其 他 倘 無 根 據 當 地 證 券 法 律 登 記 或 符 合 資 格 即 屬 違 法 的 司 法 權 區，要 約 提 呈 出 售 任 何 證 券 或 邀 請 作 出 購 買 任 何 證 券 的 要 約。倘 無 登 記 或 獲 適 用 豁 免 登 記 規 定，證 券 不 得 在 美 ...