Understanding the Market | Domestic property stocks rebounded in early trading, with Sunac China rising over 6%. Several first-tier cities are working on stabilizing the real estate market to halt the decline

Chinese property stocks warmed up in the morning session, with Sunac China rising over 6%. Several first-tier cities are conducting research on policies related to stabilizing the real estate market. The government work report has for the first time included stabilizing the property market in the requirements for economic and social development. Ping An Securities pointed out that housing consumption and real estate investment have not yet stabilized in the short term, and more policy support is needed, looking forward to measures such as loosening purchase restrictions in core cities, interest rate cuts, and lowering the provident fund interest rate