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Credit Rating of Major Banks | CICC: Significant improvement in domestic real estate data, first recommendation is china overseas, longfor group, and greentown china
Jianyin International released a report stating that, according to the National Bureau of Statistics, the real estate market in China showed significant improvement in October, narrowing from a year-on-year decline of 16.3% in September to 1% in October, thanks to strong policy support implemented in September and October. On a monthly basis, sales in October saw a 12.9% decrease compared to September. As of October, real estate sales declined by 20.9%, with the sales area decreasing by 15.8% and the average price dropping by 6.1%. The significant improvement in nationwide sales in October is consistent with the industry data released by the China Index Academy. Analyzing by city tier, the recovery of sales in first, second, and third-tier cities.
Zhongtai: Policies stimulating the real estate industry to stabilize and rebound significantly in sales.
In October, the industry's sales growth rate showed a significant rebound, and market sentiment stabilized. On one hand, the effects of continuously easing policies began to emerge; more importantly, the Politburo meeting proposed the idea of "stopping the decline and stabilizing," allowing for the restoration of market confidence.
Open Source Securities: Several departments have issued announcements to increase tax incentives, which may promote the improvement of housing demand release.
The overall coverage of the deed tax policy is relatively wide, after implementation, it will further reduce the tax and fee costs for residents' home purchases, promote the release of demand for improved housing; at the same time, for first-tier cities, the deed tax incentives are even greater, with the highest reduction reaching 2 percentage points.
Hong Kong stocks abnormal movement | Mainland real estate stocks collectively open high. First-tier cities officially announce the cancellation of ordinary residential and non-ordinary residential standards. Radiance hldgs (09993) soared 25%.
Mainland real estate stocks collectively opened high, as of the time of publication, radiance hldgs (09993) rose by 25.56% to HK$4.47; r&f properties (02777) rose by 5.82% to HK$2; sunac (01918) rose by 4.09% to HK$2.8; greentown china (03900) rose by 3.31% to HK$9.62.
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.
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.
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