Chinese developers suffered from a hefty selloff this morning (2nd). LONGFOR GROUP (00960.HK)  -0.220 (-2.270%)    Short selling $73.17M; Ratio 36.237%   / CHINA VANKE (02202.HK)  0.000 (0.000%)    Short selling $4.17M; Ratio 7.675%   / CHINA OVERSEAS (00688.HK)  -0.080 (-0.605%)    Short selling $44.19M; Ratio 15.563%   / CHINA RES LAND (01109.HK)  -0.100 (-0.382%)    Short selling $35.75M; Ratio 7.857%   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)  +0.120 (+1.292%)    Short selling $8.00M; Ratio 10.188%   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)  -0.010 (-0.926%)    Short selling $2.77M; Ratio 12.447%   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)  +0.300 (+2.035%)    Short selling $48.08M; Ratio 48.849%   and YUEXIU PROPERTY (00123.HK)  -0.060 (-1.376%)    Short selling $1.47M; Ratio 4.101%   logged -2.4%/ -4.4% YoY. As for leading non-SOEs, GREENTOWN CHINA/ LONGFOR GROUP (00960.HK)  -0.220 (-2.270%)    Short selling $73.17M; Ratio 36.237%   / CHINA VANKE (02202.HK)  0.000 (0.000%)    Short selling $4.17M; Ratio 7.675%   saw +13.5%/ -26.2%/ -52.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)