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Policy
-The PBOC and SAFR jointly released the Opinions on Reforming Real Estate Credit Management for a NewModel RealEstate Sector. It introduces a lead bank system for property development loans: max 5year term for presale projects, 7 years for completed housing projects. Maximum individual mortgage term is set at 40 years. Mortgages for new completed homes are disbursed post-sales filing; for presale homes, only after project completion filing.
Financial
-China Construction Bank accepts applications for existing clients to extend mortgages to 40year tenors.
Sector News
-National Data Administration: Explore business models including token-added value subscription and performance-based payment for key national economy scenarios.
Data
-Per Wind data, 28 firms face restricted share unlocks next week (841mn shares). Based on Aug 28 closing prices, unlock market value totals CNY16.849bn. Top3 unlock values: Aerospace Intelligent Manufacturing (CNY6.053bn), Honghe Technology (CNY3.46bn), Juren New Materials (CNY1.131bn).
Aug 28 Block Trade Info
*Discount
-APT Medical (688617 CH) saw 1 block trades worth 166.29mn at 248.04yuan per share, 1.02pct discount from last closing.
*Premium
-Mindray Bio-Medical Electronics (300760 CH) saw 1 block trades worth 169.30mn at 163.26yuan per share, 0.76pct premium from last closing.
-United Imaging Healthcare (688271 CH) saw 1 block trades worth 168.25mn at 105.42yuan per share, 0.13pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform, Finoview.

