Construction & Real Estate · 7.1

Residential Development

Quantified news impact based on deduplicated, quality-reviewed events in a single 7-day window.

Average net impact+8weighted per event

Average gross impact11absolute weighted average

Events33same period

Confidence75%model average

Raw intensity52before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed4.7 / day

Concentration6%

Direction disagreement31%

Source independence98%14 sources

IMPACT TREND

7-day effective impact

Positive 20 · Negative 3 · Mixed 10

+160-16

25 Jul, 040 events

25 Jul, 180 events

26 Jul, 080 events

+11

26 Jul, 224 events

27 Jul, 127 events

+10

28 Jul, 023 events

28 Jul, 165 events

+16

29 Jul, 064 events

29 Jul, 203 events

30 Jul, 101 event

-3

31 Jul, 003 events

31 Jul, 143 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate8%29 cumulative effective impact

Short term63%228 cumulative effective impact

Medium term23%84 cumulative effective impact

Long term7%24 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 2 of 4 · 33 events

Macro2

Macro27 Jul, 08:40positive

Credit Bond Market New Defaults Hit Multi-Year Low; Private Firms Issue 270 Billion Yuan at 1.89%

Since 2026, only two new defaulters have emerged in China's credit bond market, involving RMB 288 million, pushing the new default rate to a multi-year low. Meanwhile, private enterprises issued about RMB 270 billion in bonds in the first half of the year, up nearly 30% year-on-year, with the average issuance rate for three-year AAA-rated medium-term notes falling to 1.89%, reflecting a significant improvement in credit conditions. However, repayment risks for weaker entities persist.

Effective: +15
Intensity: 65
Confidence: 80%
Horizon: Medium term

Macro27 Jul, 20:05positive

China Issues Consumption Expansion Plan, Targets 60 Trillion RMB Retail Sales by 2030

China has published the '15th Five-Year Plan for Expanding Consumption', the first national five-year plan focused on consumption in nearly 50 years. It targets total retail sales of consumer goods to reach about 60 trillion RMB by 2030, implying an average annual growth of 3.7% from 2025's 50.1 trillion RMB. The plan prioritizes service consumption, including elderly care, childcare, health, education, culture, and tourism. It also addresses auto and housing consumption but does not directly extend the consumer goods trade-in subsidy program.

Effective: +10
Intensity: 50
Confidence: 55%
Horizon: Medium term

Industries2

Industries27 Jul, 11:01positive

Guangzhou Pengrui No.1's Large Units Sell Well, Developers Regret Smaller Designs

Multiple luxury property projects report that large, most expensive units are snapped up first, with project managers regretting designs that were too small. At Guangzhou Pengrui No. 1, located in a non-core area, units over 500 square meters are selling well. Similar trends emerge at Poly Yuexi Bay, Shanghai Xintiandi, and Vanke Gaofu Li, where larger units sell out quickly and smaller units face sales difficulties.

Effective: +12
Intensity: 60
Confidence: 70%
Horizon: Medium term

Industries28 Jul, 10:36positive

2026 H1: 35-City New Home Sales at 520,000 Units, 90-120 sqm 40.7%, 120-140 sqm Share Up 3.3 ppt

In the first half of 2026, online contracted sales of new homes (ordinary residential, excluding villas) in 35 key Chinese cities totaled approximately 520,000 units. The 90-120 square meter segment accounted for 40.7% with 212,000 units, while the 120-140 square meter segment reached 24.2% (126,000 units), up 3.3 percentage points year-on-year, the highest in five years. Combined, these two segments represented about 65% of total sales. Among the 35 cities, 12 saw over half of sales from units above 120 square meters, with Changsha and Jinan exceeding 70%.

Effective: +11
Intensity: 50
Confidence: 80%
Horizon: Medium term

Companies6

Companies29 Jul, 19:30positive

Lujiazui Reports 2026 Interim Revenue of RMB 8.098 Billion, Net Profit Up 35.91%

Lujiazui released its 2026 semi-annual report, posting revenue of RMB 8.098 billion for the first half, up 22.75% year-on-year. Net profit attributable to shareholders reached RMB 1.108 billion, a 35.91% increase.

Effective: +15
Intensity: 50
Confidence: 80%
Horizon: Short term

Companies28 Jul, 18:17positive

Poly Development Consortium Wins Shanghai Yangpu Plot for 16.12 Billion Yuan, Year's Highest Land Price

A consortium led by Poly Developments and China Resources Land won a Shanghai Yangpu district plot for RMB 16.12 billion, the city's highest total land price this year, with a premium of 35.83%. On the same day, Poly Developments jointly with Xuhui City Investment secured a Xuhui district plot for RMB 7.06 billion at a 24.51% premium. Shanghai's sixth batch of land sales raised a total of RMB 23.514 billion from three residential-commercial plots.

Effective: +15
Intensity: 60
Confidence: 70%
Horizon: Short term

Companies29 Jul, 21:39positive

Multiple Companies Release H1 2026 Results: Western Mining Net Profit Up 123%, Kaimeite Gas Down 60.75%

Several Chinese companies reported first-half 2026 earnings. Western Mining posted net profit of RMB 4.169 billion, up 123% year-on-year, while Kaimeite Gas saw net profit fall 60.75% to RMB 21.92 million. Other firms including Shengtun Mining, Mebon Bond, Lujiazui, Hongfa Technology, Zhongke Environmental, Hanbell Precise Machinery, and Fuman Microelectronics also disclosed results, with most showing growth.

Effective: +10
Intensity: 40
Confidence: 65%
Horizon: Short term

Companies30 Jul, 09:07positive

Vanke A Says Shanghai, Chengdu Projects See Double-Digit Monthly Growth in June 2026

Vanke A's sales data for June 2026 showed that visitor traffic and subscription volumes for its projects in Shanghai, Chengdu and other cities grew by more than 10 percent month-on-month.

Effective: +8
Intensity: 40
Confidence: 60%
Horizon: Short term

Companies27 Jul, 19:16positive

St. George's Mansions in Ho Man Tin Sells Two-Bedroom Unit for RMB 26.62 Million, Total Sales Reach Nearly RMB

St. George's Mansions in Ho Man Tin sold a 772-square-foot two-bedroom unit at its Block 3 for RMB 26.62 million, or RMB 34,482 per square foot, completing sales of all units in Block 3. The project has sold 161 units, over 90% of total, amassing nearly RMB 11.8 billion, with only a few two-bedroom units in Blocks 1 and 2 remaining.

Effective: +8
Intensity: 50
Confidence: 90%
Horizon: Immediate

Companies29 Jul, 10:58positive

China Merchants Property Development (Beijing) Increases Registered Capital to 23.5 Billion Yuan

China Merchants Property Development (Beijing) Co. , Ltd. , a subsidiary of China Merchants Shekou Industrial Zone Holdings, has raised its registered capital to 23.5 billion yuan from 8 billion yuan following a business registration change. Established in October 2004 and led by legal representative Lv Chuanlai, the company is wholly owned by China Merchants Shekou and primarily engages in real estate development.

Effective: +7
Intensity: 40
Confidence: 60%
Horizon: Medium term