On November 11, the property sector led gains against the broader market trend, with the CSI 800 Real Estate Index, representing leading A-share property stocks, rising over 1%. Shanghai Lingang Holdings Co.,Ltd. surged 5.6%, while Quzhou Development and Xincheng Holdings gained more than 2%. Other notable gainers included China Merchants Shekou Industrial Zone Holdings, Binjiang Real Estate Group, and Lujiazui Group, all up over 1%.
In the ETF space, the only property ETF (159707) tracking the CSI 800 Real Estate Index saw steady gains throughout the day, with its price rising over 1% and intraday turnover exceeding 33 million yuan. The fund recorded net inflows of 12 million shares.
On the news front, the China Index Academy recently released its October financing report, showing that bond financing in China's real estate sector totaled 51.24 billion yuan in October 2025, up 76.9% year-on-year. Credit bond issuance increased, primarily led by state-owned and central enterprises. Structurally, credit bond financing accounted for 63.8% of total financing, reaching 32.7 billion yuan, a 50.7% year-on-year increase.
CITIC Securities suggests that 2026 could be a critical year for balance sheet recovery in the property sector, with some firms potentially hitting the bottom of their profit cycles. Companies that recover first are likely those with strong urban footprints, well-managed investment properties, or valuable financial assets.
For exposure to state-owned and high-quality property developers, investors may consider the property ETF (159707). This ETF tracks the CSI 800 Real Estate Index, which includes 13 top-tier property firms, with the top 10 holdings accounting for over 90% of the index weight. Given industry consolidation, leading property firms may demonstrate greater resilience.
Data source: Shanghai and Shenzhen stock exchanges.
Risk Disclosure: The property ETF passively tracks the CSI 800 Real Estate Index, which has a base date of December 31, 2004, and was launched on December 21, 2012. Index constituents are adjusted per its methodology, and past performance does not guarantee future results. Constituent stocks are for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund is rated R3 (moderate risk) and suitable for balanced (C3) or higher-risk investors. All information provided is for reference only, and investors are responsible for their own decisions. No liability is assumed for direct or indirect losses arising from the use of this content. Fund investments carry risks, and past performance does not indicate future results.
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