The real estate sector extended its gains in the afternoon trading session on December 10, with multiple stocks including China Vanke Co., Ltd. (万科A), China Fortune Land Development (华夏幸福), World Union (世联行), and Guangyu Group (广宇集团) surging to their daily limit-up. Other developers such as Gemdale Corporation (金地集团) and Poly Developments (保利发展) also followed the upward trend.
China Vanke Co., Ltd. saw its shares hit the 10% limit-up, with trading volume exceeding 1.8 billion yuan. The Shenzhen Stock Exchange announced a temporary trading halt for its corporate bond "22 Vanke 06" during the session after the bond price plunged 30%, triggering the suspension mechanism. At the time of the halt, buy orders for China Vanke's A-shares at the limit-up price exceeded 2.7 billion yuan.
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