Week Ending: 4 September 2026

China CN Real Estate Industry

Real Estate - Diversified

For the week ending 04 September 2026, Real Estate - Diversified declined 1.30% with 2 advancing, 5 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

29 technical evidence
Index1022.89 1 week-1.30% Breadth29% Members7
Country 🇨🇳 China · CN
Sector Real Estate
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Unresolved 4 completed weeks in this state
Trend acceptance -3.4% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 29% 2 advancing, 5 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Defensive posture

The weight of trend, participation and relative evidence favours capital protection over new exposure.

29 technical evidence
out of 100
Evidence balance

Five-pillar map

Defensive
Trend
30
Breadth
38
Persistence
8
Relative
13
Risk quality
68
What supports the view
  • No major confirming factor has secured control.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 71 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 1,058.98, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

State age4 weeks
Trend gateDown
Fan width3.04%
Fast versus slow change7.61 pts
Above 33% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-2.6%
26-week
-15.8%
39-week
-22.4%
52-week
-17.1%
Regime age13 weeks 52-week flips1 52-week boundary1234.62
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive0%
Coherent negative57%
Average horizon agreement82%
Positive horizon share18%
Weakening positives0
Repairing negatives1

7 constituents measured as of 4 Sep 2026. Median trend age is 16 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing14%1 securities
Stage 2 · Advancing0%0 securities
Stage 3 · Distribution14%1 securities
Stage 4 · Declining71%5 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders0% Fair Value repairs0

Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

64/100 mean confidence
Upward expansion
0% 0
Rotation up
0% 0
Deceleration
0% 0
Balance
29% 2
Rotation down
0% 0
Downward expansion
71% 5
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to Real Estate

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

A rising relative line means this group is compounding faster than Real Estate. A falling line means capital has done better in the parent benchmark.

Relative index94.8
13-week trend94.2
4-week trend change-0.12%
Weekly peer rank3 of 3
1 week
-1.0 pts relative
4 weeks
2.4 pts relative
13 weeks
-0.4 pts relative
26 weeks
-5.5 pts relative
52 weeks
-12.7 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
2
Declining
5
Unchanged
0
4-week average 71%
13-week average 48%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility24.2%
Drawdown from 52-week high-28.0%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm304%
Breadth impulse-21.4 pts
Cross-section

Return distribution

7 measured
Q1 -3.8% Median -1.1% Q3 0.3%
Average winner3.2%
Average loser-3.1%
Dispersion3.8 pts
Top-five upside share100%
Top-five capital share93%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 7 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 600622Everbright Jiabao Co., Ltd.
5.58% 2 002314Shenzhen New Nanshan Holding (Group) Co., Ltd.
0.90% 3 200029Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
-0.25% 4 600515Hainan Airport Infrastructure Co., Ltd
-1.06% 5 600620Shanghai Tianchen Co.,Ltd
-1.99%

Weakest edge

7 000029Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
-6.62% 6 000632Fujian Sanmu Group Co., Ltd.
-5.69% 5 600620Shanghai Tianchen Co.,Ltd
-1.99% 4 600515Hainan Airport Infrastructure Co., Ltd
-1.06% 3 200029Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
-0.25%

Constituent ledger

Industry constituents

All 7 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 600622 Everbright Jiabao Co., Ltd. SHH 3.69B 2.46 0.80 pts
5.58%
2 002314 Shenzhen New Nanshan Holding (Group) Co., Ltd. SHZ 6.07B 2.24 0.13 pts
0.90%
3 200029 Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. SHZ 4.09B 4.04 -0.04 pts
-0.25%
4 600515 Hainan Airport Infrastructure Co., Ltd SHH 32.11B 2.81 -0.15 pts
-1.06%
5 600620 Shanghai Tianchen Co.,Ltd SHH 3.04B 4.43 -0.28 pts
-1.99%
6 000632 Fujian Sanmu Group Co., Ltd. SHZ 1.93B 4.14 -0.81 pts
-5.69%
7 000029 Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. SHZ 22.42B 22.16 -0.95 pts
-6.62%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context