Understanding the Market | Chinese property stocks collectively rebounded in the morning session, market confidence remains relatively high, and institutions expect a year-end tailwind
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Chinese property stocks collectively rebounded in the morning session, with RONSHINECHINA rising 7.23%, CIFI HOLD GP up 6.06%, and AGILE GROUP increasing by 3.7%. Huatai Securities pointed out that the sales of the top 100 real estate companies in November decreased both year-on-year and month-on-month, but still grew by 33% compared to September. It is expected that December will see a tail-end market due to increased supply willingness from real estate companies and year-end promotions. In terms of policy, both CITIC Securities and Tianfeng Securities believe that policies will continue to be introduced to consolidate market expectations
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