HK Stock Market Move | In the early trading session, stocks of companies in the real estate sector rebounded, Vanke announced an adjustment in the division of responsibilities for senior executives, and the sales revenue of the top 100 real estate companies in January decreased significantly.

In the early trading session, the stocks of the domestic real estate companies rebounded. As of press time, SHIMAO GROUP (00813) rose by 7.06% to 0.91 Hong Kong dollars; SUNAC (01918) rose by 7.01% to 1.68 Hong Kong dollars; CHINA VANKE (02202) rose by 5.53% to 5.53 Hong Kong dollars; R&F PROPERTIES (02777) rose by 4.84% to 1.3 Hong Kong dollars. In terms of news, on February 5th, Vanke issued an internal document announcing the appointment of several senior executives, involving important functional departments such as finance, legal, strategic investment, as well as the heads of the Beijing and East China regions. It is reported that on January 27th, Vanke announced that Yu Liang has applied to resign from the chairman of the board of directors; Xie Jie, chairman of Shenzhen Metro Group, will be appointed as the chairman of the board of directors of Vanke; Li Feng, Hua Cui, Li Gang will be appointed as executive vice presidents, and Tian Jun will be appointed as the company secretary, all four new executives are from the Shenzhen state-owned enterprise system. On February 6th, the latest data from the CRIC Research Center showed that in January, the total monthly investment in land acquisition by 30 key monitored real estate companies reached nearly 63.8 billion yuan, a year-on-year increase of 186%. Data from the China Index Research Institute shows that in January 2025, the total sales of the top 100 real estate companies amounted to 235.03 billion yuan, a year-on-year decrease of 16.5%. Analysis points out that the Spring Festival holiday in January this year has to some extent affected sales, leading to a year-on-year decrease in sales of the top 100 real estate companies in January. However, compared to the over-30% decline in sales in the 2024 full year, there has been a significant narrowing of the decline.