On October 2, CHINA VANKE fell 5.02% in regular trading to HK$2.65 per share, with turnover of approximately HK$20.13 million, as the broader real estate development sector continued to weaken.

The decline extends selling pressure that began after the nationwide mortgage subsidy policy officially took effect on October 1. The policy, jointly issued by the Ministry of Finance, the PBOC, and the financial regulator, offers a 1-percentage-point annual interest subsidy for up to five years on qualifying first-home mortgages. However, strict eligibility thresholds — a 120-square-meter floor area cap and a RMB 1.5 million total price ceiling — largely exclude properties in tier-1 and tier-2 cities, where major developers like CHINA VANKE concentrate their portfolios. Multiple brokerage analysts had previously expressed skepticism about the scope of any national subsidy scheme.

Sector peers declined in tandem: Longfor Group fell 5.09%, China Resources Land fell 3.86%, Henderson Land fell 3.22%, China Overseas fell 3.12%, and CK Asset fell 1.80%.

On the fundamental side, CHINA VANKE reported first-half revenue of RMB 70.17 billion, down 33.4% year-over-year, with a net loss attributable to shareholders of RMB 14.95 billion, underscoring persistent operational headwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)