Mainland Real Estate secetor rallied. Constituent stocks SUNAC up 14%; Shimao Group up 10%; R&F Properties up 9.8%; Country Garden, China Vanke up 6%.

The total bond financing for real estate enterprises in China in March 2025 amounted to RMB45.43 billion, a MoM increment of 1.04 times compared to RMB22.3 billion in February, according to monitoring data from the China Index Academy (CIA).

In terms of financing structure, credit bond financing in the real estate sector hit RMB33.21 billion, accounting for 73.1%, while ABS financing totaled RMB12.22 billion, making up 26.9%.