Chinese developers suffered from a hefty selloff this morning (2nd). LONGFOR GROUP (00960.HK)  +0.200 (+2.128%)    Short selling $27.07M; Ratio 23.830%   / CHINA VANKE (02202.HK)  +0.030 (+0.609%)    Short selling $8.47M; Ratio 7.190%   / CHINA OVERSEAS (00688.HK)  -0.040 (-0.307%)    Short selling $31.29M; Ratio 18.317%   / CHINA RES LAND (01109.HK)  0.000 (0.000%)    Short selling $30.99M; Ratio 11.156%   slid by 7.1%/ 6.6%/ 4.2%/ 5.1%.

According to TF Securities' research report on China's property sector, the May sales data released by CRIC for the top 100 Chinese developers showed a MoM uptick but a widened YoY decline. Those top 100 developers achieved monthly sales of RMB294.58 billion in May, up 3.5% MoM but down 11.4% YoY, with the drop deepening by 2.7 ppts compared to April.

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The report also pointed out that CHINA OVERSEAS and GREENTOWN CHINA (03900.HK)  +0.010 (+0.108%)    Short selling $8.71M; Ratio 14.379%   maintained steady sales, and that state-owned and central SOEs showed a clear sales advantage.

Among central SOEs, CHINA OVERSEAS/ CHINA RES LAND/ CHINA JINMAO (00817.HK)  +0.020 (+1.923%)    Short selling $1.52M; Ratio 8.358%   saw their May sales +21.1%/ -11.4% +72.3% YoY. CHINA JINMAO and CHINA OVERSEAS delivered standout performances. Regarding local SOEs, C&D INTL GROUP (01908.HK)  +0.420 (+2.983%)    Short selling $13.23M; Ratio 30.297%   and YUEXIU PROPERTY (00123.HK)  +0.030 (+0.703%)    Short selling $1.96M; Ratio 5.723%   logged -2.4%/ -4.4% YoY. As for leading non-SOEs, GREENTOWN CHINA/ LONGFOR GROUP (00960.HK)  +0.200 (+2.128%)    Short selling $27.07M; Ratio 23.830%   / CHINA VANKE (02202.HK)  +0.030 (+0.609%)    Short selling $8.47M; Ratio 7.190%   saw +13.5%/ -26.2%/ -52.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-04 16:25.)