Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.

At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.

cls.cn19:13 ET

Changsha's housing provident fund introduces new policies: the minimum down payment ratio for the first and second set of housing is 20%, and the maximum loan amount can be increased to four times.

①Employees' families purchasing their first or second improved self-occupied housing applying for housing provident fund loans, the minimum down payment ratio is uniformly adjusted to 20%; ②The maximum loan amount for high-level talents in categories A, B, C, and D purchasing their first self-occupied housing can be increased to four times the maximum loan amount in Changsha.

cls.cnNov 18 08:26 ET

Real estate policies continue to stimulate real estate stocks, r&f properties rose more than 5%.

① What are the main contents of the "Notice on Canceling the Standards for Ordinary Housing"? ② How do market policies affect the real estate market?

cls.cnNov 18 01:13 ET

Among first-tier cities, shanghai was the first to cancel the standard for regular and non-regular residential properties, and it has comprehensively reduced the cost of housing trade taxes and fees.

① Shanghai is the first of the four first-tier cities to abolish the standards for ordinary and non-ordinary residential properties, and it is expected that the other three first-tier cities will also quickly eliminate the relevant standards. ② The latest policies in Shanghai will reduce personal income tax and housing transaction tax, making transaction costs more reasonable, while better meeting residents' replacement needs; these measures will enhance the confidence of market participants and are beneficial for further stabilizing market expectations.

cls.cnNov 18 00:55 ET

The Zhongzi Research Institute: Last week, the year-on-year increase in the housing market was significant, with 1.46 million square meters of residential land transacted in 40 large and medium-sized cities.

The China Real Estate Research Institute stated in a document that last week the overall real estate transaction volume decreased compared to the previous week, but increased year-on-year, with first-tier cities leading the year-on-year increase at 43.34%.

Zhitong FinanceNov 17 18:43 ET

[Brokerage Focus] OCBC Bank pointed out that China's real estate market performed steadily in November, expecting the overall industry allocation attractiveness to increase.

King& Capital News | The latest China real estate weekly report released by DBS Bank shows that the Chinese real estate market performed steadily in early November 2024. The bank stated that the average weekly transaction volume of GFA (Gross Floor Area) in 27 tracked cities increased by 7.2% compared to the previous month and grew by 32% compared to the same period last year, rising by 24% from the same period last year. In addition, the number of new units launched in 11 major first and second-tier cities decreased by 25% compared to the previous month, but the monthly average transaction volume increased by 6% compared to October, and the average sales rate increased by 8.8 percentage points to 56.3%. In terms of inventory, the inventory levels in key cities have also shown some improvement.

Jingu Financial NewsNov 15 00:25 ET