Top-100 Chinese state-owned rental housing enterprises managed 2.011 mln units in 1H 2026, a net increase of 239k units versus end-2025, a QoQ rise of 13.45%. Concentration increased: the top 10 firms now manage 1.165 mln units, or 57.9% of the top-100 total.

Galaxy Securities says China’s A-share market remains in wide-range volatility with event-driven leadership and faster sector rotation; the market is undergoing style rebalancing as crowding unwinds and expectations are being tested. Short-term outlook: continued choppy trading with structural themes persisting. July 15 is the mandatory deadline for A-share half-year report previews; focus will shift toward fundamental verification—prioritize segment leaders with visible orders and earnings visibility. SK Hynix’s Nasdaq listing and progress on ChangXin Technology’s IPO reinforce the memory-chip upcycle case, boosting attention on memory, advanced packaging and semiconductor materials; after prior valuation digestion, positioning windows in these chains have widened. Overall recommended approach: anchor on earnings and capture structure-specific opportunities amid volatility.

Affected by Typhoon Bavi, Shanghai's Donghai Bridge has been closed and placed under traffic control from 21:00 on July 11 to ensure road safety.