News

industry policy

In May, epidemic prevention and control and stable economic growth were the key directions of policy at the central level. On the 5th, the Standing Committee of the Political Bureau of the Central Committee, chaired by President Xi Jinping, analyzed the current situation of the prevention and control of the new coronary pneumonia epidemic and stressed that it would unswervingly adhere to the general policy of "dynamic clearing.

in terms of stable growth, the prime minister presided over the national stable economy video conference on the 25th to make an important speech, to help enterprises bail out policies can be exhausted. All kinds of market subjects are treated equally, and market-oriented methods and reform measures are used to solve problems. On the 31st, the State Council issued a notice on the issuance of a solid package of policy measures to stabilize the economy, with 33 measures in six areas.

In terms of industry policies, the Ministry of Civil Affairs and other nine departments issued a notice on "Opinions on Further Promoting the Construction of Smart Communities" to promote the networking and docking of community information systems, innovate government services and public service provision methods, and improve the basic data of key places and key groups in the community, implementation of urban and rural community integrated service facilities intelligent transformation projects.

The General Office of the Ministry of Housing and Urban-Rural Development and the Office of the State Post Bureau issued the Notice on Doing a Good Job in Ensuring Delivery Services during Epidemic Prevention and Control, incorporating property service enterprises into the local epidemic prevention and control system. Subsequently, the Beijing Municipal Housing and Construction Commission issued the Notice on Further Strengthening the Protection of Practitioners in the Prevention and Control of Epidemics in Residential Property Service Projects, incorporating the prevention and control of epidemics in residential property service projects in Beijing into the community prevention and control system.

Policy developments in various regions include: the Hunan Provincial Development and Reform Commission announced the revision of the "Hunan Provincial Property Service Charge Management Measures". The "Tibet Autonomous Region Residential District Property Service Star Evaluation Measures (Trial)" and the "Tibet Autonomous Region Residential District Property Service Star Evaluation Standards" were issued. Hangzhou launched the first batch of old ordinary residential area property service subsidy funds. The General Office of Chengdu Municipal Government has issued a number of measures to accelerate the development of pension services.

this month's focus

in the 2022 property service enterprise research data declaration: "Research on the Service Power of 2022 Property Service Enterprises", "Research on the Comprehensive Strength of 2022 Property Service Enterprises", "Research on the Brand Value of 2022 Property Service Enterprises".

on may 11, the online forum on "exploration in epidemic diseases, thoughts and changes in the material management industry" was successfully held. More than 20 experts from the government, material associations, material enterprises, universities, science and technology and other fields gathered in the cloud, and more than 20,000 online live viewers participated.

26 May, directed by China Real Estate Industry Association, shanghai E-House Real Estate Research Institute hosted the 2022 China Real Estate and Property Listed Companies Research Results Conference successfully held. Crane Property Management & China Property Research Association and Shanghai E-House Real Estate Research Institute jointly released the Research Report on Listed Companies of 2022 Property Service Enterprises.

Shenzhen Property Management Association and Shanghai Kerry Information Technology Co., Ltd. plans to jointly hold the 2022 Shenzhen International Smart Property Industry Expo in Shenzhen in September.

capital markets

As of May 31, 2022, the total number of listed companies in the property management industry reached 58. Among the enterprises that submitted materials within one year and have expired, there are 7 enterprises, and another 8 enterprises have queued up for listing. This month, there are no new listed and submitted enterprises. Mingyu business service prospectus again invalid, the second sprint Hong Kong Stock Exchange temporarily lost.

Property stocks have generally declined this month, with Hong Kong stocks the general property enterprises, 58 listed property enterprises, the Hang Seng Property Services and Management Index and non-Hong Kong-listed property enterprises fell 8.9 per cent, 6.9 per cent, 5.1 per cent and 3.2 per cent, respectively. The Hang Seng Index and the CSI 300 both rose, up 1.5 per cent and 1.9 per cent, respectively.

As of May 31, 2022, the total market value of 58 listed property companies was 423.86 billion yuan, down 4.4 from the end of last month. The average price-earnings ratio PE(TTM) and price-earnings ratio PE(LYR) were 13.6 times and 13.7 times respectively, both lower than the end of last month (14.3 times and 14.5 times). The top three companies in this month's share price gains were Songdu Services, Ligao Healthy Life and Rongxin Services. The top three year-to-date increases are Riverside Services, Zhonghai Property and Special Services.

on may 12, the share price of the property sector once again experienced sharp fluctuations, with the share prices of 58 listed property companies falling 3.2 percent from the previous day. In addition to being influenced by external uncontrollable factors, property companies are mostly implicated by related housing companies. Hongkun Real Estate failed to repay accrued unpaid interest and an event of default occurred. A wholly-owned subsidiary of Baolong Commercial RMB 0.867 billion to purchase property from Baolong Fumin. The interest on four U.S. dollar debt senior notes maturing in April in China could not be repaid. Jiayuan International's large number of offshore bonds matured, was downgraded by the agency, and the share price of Jiayuan Services collapsed.

this month, property service enterprises announced 10 new mergers and acquisitions, without disclosing the transaction amount. Among them, Jinke Services announced the proposed acquisition of 73.56 of Jiayuan Services shares.

Guangzhou, Beijing and Jieyang are the top three cities with 1113, 609 and 492 bidding activities this month.