China’s State Council published amendments to the Housing Provident Fund Management Regulations, effective Sept. 20. Listed property-services and property-management stocks moved following the announcement. Wo Ai Wo Jia said share moves reflect multiple factors and highlighted business presence beyond Beijing, notably in Shanghai, Suzhou, Hangzhou and Nanjing. Shilianhang said its operations divide into large transactions (primary-market agency sales) and asset management (property and apartment

China’s State Council published amendments to the Housing Provident Fund Management Regulations, effective Sept. 20. Listed property-services and property-management stocks moved following the announcement. Wo Ai Wo Jia said share moves reflect multiple factors and highlighted business presence beyond Beijing, notably in Shanghai, Suzhou, Hangzhou and Nanjing. Shilianhang said its operations divide into large transactions (primary-market agency sales) and asset management (property and apartment management); primary-sales are concentrated in Guangzhou, Shenzhen and Huizhou, the company does not cover the secondary-market and property operations show strong regional divergence. Nandu Property said the allowance for provident fund payments of property fees is not yet in force and currently has limited near-term impact on fundamentals; refer to the company’s interim report for performance details.