On the afternoon of December 10, the real estate sector surged sharply, with the CSI 800 Real Estate Index, representing leading A-share property stocks, rising over 4%. China Vanke A (000002) hit the daily limit-up, while Hainan Airport and Poly Developments also gained more than 5%. The only real estate ETF (159707) tracking the CSI 800 Real Estate Index staged a strong rebound, jumping over 4% in the afternoon session, accompanied by a net subscription of 20 million shares.
Recent data from the Shanghai E-House Real Estate Research Institute showed that as of November, the cumulative transaction volume of second-hand homes in four first-tier cities reached 519,000 units, surpassing the same period in 2024 (496,532 units) and breaking the 510,000-unit threshold for the first time in nearly four years.
CITIC Securities believes that 2026 could be a critical year for the repair of real estate companies' balance sheets, with some firms potentially reaching the bottom of a prolonged profit cycle. Companies that recover first often have strong urban footprints, well-operated investment properties, or financial assets with appreciation potential.
For exposure to central state-owned enterprises and high-quality developers, investors may consider focusing on the real estate ETF (159707). This ETF tracks the CSI 800 Real Estate Index, which comprises 13 leading property developers, offering concentrated exposure to industry leaders. The top ten constituents account for over 90% of the index weight, with significant representation of central state-owned enterprises. Amid industry consolidation, leading real estate players may demonstrate greater resilience.
Data source: SSE, SZSE, etc.
Risk Disclosure: The real estate ETF passively tracks the CSI 800 Real Estate Index (base date: December 31, 2004; release date: December 21, 2012). Index constituents are adjusted per its compilation rules, and past performance does not indicate future results. Constituent stocks are shown for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund is rated R3 (medium risk) and suitable for balanced (C3) or higher risk-tolerance investors. All information provided is for reference only, and investors must bear responsibility for independent investment decisions. No content herein constitutes investment advice, nor shall the provider be liable for any direct or indirect losses. Fund investments carry risks; past performance does not guarantee future returns, and other funds' performance does not indicate this fund's results. Invest with caution.
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