大盘再度破位向下，似乎一定要证明2132点并不是“钻石底”。对指数影响较小的中小盘股依旧处于领涨位置，最具争议的地产股也出现分化，龙头地产股万科A（000002）昨天出现1.78亿元的资金净流入，位列两市资金流入榜的冠军位置。同时，保利地产(600048,股吧)（600048）、华侨城A（000069）等资金净流入额也排在资金流入榜的前列，并均以红盘报收，显现出机构抢筹的态势。可惜的是，在一线地产股走强的同时，二线地产股的走势却十分疲软。

The broken a down again，Seem to have to prove 2132 point and not“Diamond bottom”。Less influence to the index of the small dish stock still up in brought position，The most controversial property counters were also appear differentiation，Vanke, A leading sector（000002）Yesterday 178 million yuan RMB in net inflows，Among the two city money into the list of champions position。At the same time，Poly real estate(600048,Shares it)（600048）、Oct A（000069）The net inflow of fund inflows into the forehead and finished in the forefront of the list，And in GongPan at all，Show the agency to raise the trend。unfortunately，In a line with property going strong at the same time，The movements of the second line with property but weak。

　　今年关于对房地产调控的争议一直就没停，一会儿传出“政策松绑”，一会儿又宣称“调控绝不动摇”；一会儿称“投机需求被挤出”，一会儿又报出“买房人挤破头”；一会儿是“中国房产泡沫已经破裂”，一会儿又是“新盘销售量价齐升”……在如此摇摆不定的舆论氛围下，地产股的走势出现分化也就在所难免了。

This year for the dispute about real estate regulation has not stopped，Out for a while“Policy easing”，For a while and that“Regulation will never waver”；For a while says“Speculative demand was pushed out”，For a while and quote us“To buy room person to crowded broken head”；For a while is“China real estate bubble has burst”，For a while and“XinPan JiSheng sales price”......In such a swing public opinion atmosphere，The trend of the property counters were also appear differentiation occurs anyway。

　　7月4日，人民日报发表题为《楼市调控不能放松》的文章称，楼市的全面回暖，或许已是不争的事实。近日成思危领导的团队预测分析，至少未来10-20年中国基本实现城市化过程中，房地产作为支柱产业的地位不会动摇。有人说，现在部分发达国家已经不拿房地产作为支柱产业了，那是因为他们已经基本解决了城市化的问题，而中国处于城市化的过程中，在中国基本实现城市化（也就是城市人口达到70%）以前，住房的需求肯定还是旺盛的。可能是基于这种判断，保利地产、华侨城A、招商地产(000024,股吧)、万科A等一线地产股从去年年底以来，就一直保持震荡上行的态势。

On July 4,，People's Daily speech titled《Property market regulation can't relax》Article says，The housing market overall thaw，Perhaps already is the fact that does not dispute。Recently the leadership of Mr Cheng team forecast analysis，At least the next 10 to 20 years China's basic realize in the process of urbanization，Real estate for a pillar industry status will not be moved。Some say，Now some developed countries have not get real estate for a pillar industry，That's because they have already been resolved the problem of urbanization，But China is in the process of urbanization，In China's basic realization urbanization（Also is the city's population reached 70%）before，Housing demand was surely exuberant。Can be based on this kind of judgment，Poly real estate、Oct A、Investment real estate(000024,Shares it)、China vanke, A line from A sector since the end of last year，Will keep up the posture of the concussion。

　　无论是在行业影响力，还是对A股市场的影响上，万科A都应该是地产界当仁不让的龙头。近期商品房的热销，让万科颇为受益。公司于7月4日公布的6月销售简讯显示，万科在6月实现销售面积122.4万平方米，销售金额133.2亿元，环比分别增长19.4%及24.2%，是今年以来销售面积及销售金额最高的月份。但对于后市，万科高层的判断依然不甚乐观，当前包括北京、上海、深圳、广州在内，万科的库存商品房还有1.14亿平方米，足够这些城市卖上11个月左右的时间。而万科的现状也浓缩了整个地产业的处境，唯一不同的是，作为行业龙头的万科具有更加充裕的货币资金，因此债务压力更小，比其他地产企业更具防御优势。

Whether in industry influence，Or to the influence of the A share market，China vanke A should is the leading global not decline。Recent commodity house of sell like hot cakes，Let China vanke rather benefit。The company announced on July 4 June sales message display，China vanke in June sales area of 1.224 million square meters，Sales of 13.32 billion yuan，Respectively 19.4% and 24.2% month-on-month growth，Is this year since sales area and the maximum amount of sales of the month。But for market outlook，China vanke top judgment still not very optimistic，The current including Beijing、Shanghai、shenzhen、Guangzhou,，China vanke inventory commodity house and 114 million square meters，Enough to sell these cities on 11 months time。And the present situation of China vanke concentrated the whole of real estate industry and situation，The only difference is the，As the industry leading vanke is a more abundant monetary funds，So debt more small pressure，More than any other real estate enterprise more defense advantage。

　　目前万科A的股价不到10元，市盈率不到20倍，与最高价相比缩水幅度达到六成。作为诸多指数的标的股，该股一直是大机构配置的重点对象，今年一季度就有164只基金驻扎其中，QFII、险资、社保等机构也有很多持有该股。在昨天净流入的1.78亿元资金中，超大单资金净流入1.68亿元，大单资金净流入991.82万元。与之对应的是，中小资金都处于流出位置。由此可见，随着地产行业的逐渐转暖，代表机构的大资金们正在积极地收集散户丢掉的筹码。

At present China vanke A share price is less than 10 yuan，P/e ratio is less than 20 times，Compared with the highest shrink sixty percent range。As many index of the mark of shares，The stock has been a big institutions the configuration of the major object，In the first quarter this year 164 fund stationed there，QFII、Risk information、Social security agency also has a lot of hold this stock。In the 178 million yuan net inflows yesterday in funds，Large single net capital 168 million yuan，The largest single net capital 9.9182 million yuan。And the matching is，Small and medium-sized funds are in outflow position。This shows，As real estate industry gradually warmer，Representative offices of the big money is actively collection of retail lost chips。

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