[Brokerage Focus] SWHY expects the Real Estate Industry to bottom out and maintains a 'Bullish' rating on Real Estate and property management.

Gold Eagle Financial News | SWHY stated that over the past three years, China's Real Estate sector has undergone deep adjustments, and the effects of relaxed policies during this period have been limited. The bank believes that the core issue lies not in insufficient demand, but in the weakening of residents' balance sheets. The statements in September to 'stop the decline and stabilize' and in December to 'stabilize the Real Estate and stock markets' clarified the policy approach to repairing residents' balance sheets, demonstrating stronger policy effectiveness than before. The policy has entered a more targeted trajectory, and it is expected that more proactive and substantial policies will be introduced subsequently, with the Industry likely to reach a bottom. Considering that mid-term demand has support but short-term supply has constraints, the bank forecasts that the total will still be skewed next year.

Jingu Financial News45minutes ago

Statistics Bureau: From January to November, national Real Estate Development investment decreased by 10.4% year-on-year.

Today, the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment was 9363.4 billion yuan, a year-on-year decrease of 10.4%; among which, Residence investment was 7119 billion yuan, a decrease of 10.5%.

cls.cnDec 15 21:06 ET

Special contributor Deng Shengxing: The central meeting did not bring any surprises to the market, the Hang Seng Index is struggling around 20,000 points.

Jinwu Financial News | The Hang Seng Index closed at 19,971 on Friday (13th), down 425 points or 2.1%. The market had a total turnover of 158.4 billion yuan for the day. The National Index fell 173 points or 2.4%, closing at 7,184. The Technology Index dropped 2% to 4,508, marking three consecutive weeks of decline along with the National Index. Goldman Sachs stated that the central economic committee's lack of stable housing policies is disappointing, with Longfor (00960) dropping 7.3%, the worst performing blue chip for the day; China Overseas Land & Investment (00688) fell 4.9%, down 5.1% for the week, also the worst performing blue chip; overnight gold prices significantly retreated, dragging gold-related stocks down. Zijin (02899) dropped 5.5%; Zhaojin.

Jinwu Financial NewsDec 15 20:19 ET

CITIC SEC: The policy framework continues in 2025, with increased policy support helping the Real Estate sector stabilize and rebound.

In the medium to long term, China's real estate market has a broad base of genuine demand, and the supply-side reform has basically been completed, providing a promising development prospect for high-quality Real Estate Development companies.

Zhitong FinanceDec 13 00:44 ET

[Brokerage Focus] CCB International indicates that there are no signs of a bottoming out in the fundamentals of the Real Estate Industry.

Kingwo Financial News | CMB International released the Real Estate Outlook for 2025, expecting the annual sales growth rates for new homes in 2024 and 2025 to be -20% and -11%, reaching 7.4 and 7 trillion respectively, while the transaction volume for second-hand homes is projected to reach 7.1 and 7.5 trillion, officially becoming the dominant force in the real estate market. This is mainly based on 1) Policy: The effects of the already implemented policies are still lingering, and several measures are currently being put into action, which require time for observation. Hence, it is speculated that the likelihood of introducing major policies in the short term (such as lifting purchase restrictions in more first-tier cities) is relatively low. At the same time, the promotion of policies like stockpiling still faces challenges, making it difficult to significantly reduce inventory in 2025; 2) Supply.

Kingwu Financial NewsDec 11 00:27 ET

[Brokerage Focus] Dahua Jixiang maintains a "shareholding" rating on mainland real estate, expecting more policy support to be introduced.

Jinwu Financial News | Daihua Jixian's research reports indicate that the Political Bureau meeting in China clearly expressed on the 9th that a moderately loose mmf policy will be implemented in 2025, marking the first relaxation of policy stance since 2012. The report states that this stance may signify the introduction of more supportive policies in the future, which will have a positive impact on the real estate market. The report continues to state that although it will take time for buyer confidence to recover, lower expected LPR, setting performance indicators for local governments, and the central government's support for inventory reduction through bonds are all crucial for stabilizing market conditions. The atmosphere in the land market has already improved in November, with many private developers.

Jinwu Financial News.Dec 10 00:16 ET