This time, it is finally the turn of the ministries related to real estate to hold a press conference. Regardless of whether the policy adjustments are effective or not, the response of real estate stocks today is positive. Here are some views from brokerages for your reference. What are the main lines of future local policy support and optimization?

It is recommended to focus on three main lines:

1) "Valuation Recovery": Pay attention to the recovery of liquidity in the real estate industry and the gradual clearance of credit risks for private real estate enterprises, leading to a decrease in risk premiums.

2) "Balanced Development": In the long term, we are optimistic about property management companies with strong independent development capabilities, high project quality, and strong operational and profitability capabilities.

3) "Stable State-Owned Enterprises": The stable development and low risk of state-owned property management companies bring valuation premiums.

Real estate-related industry chain companies:

$CHINA OVERSEAS(00688.HK) , $C&D INTL GROUP(01908.HK) , $YUEXIU PROPERTY(00123.HK) , $Sunac China(01918.HK) , $LONGFOR GROUP(00960.HK) , $CHINA VANKE(02202.HK) , $CHINA RES LAND(01109.HK) , etc.;

Property management companies: $CHINA RES MIXC(01209.HK) , Poly Property (06049), China Overseas Property (02669), Midea Real Estate (03990), etc.

Real estate agencies: $BEKE-W(02423.HK) , $CG SERVICES(06098.HK)