<p>摩根大通发布了一份研究报告，指出深圳在昨天（29 日）推出了一轮新的房地产支持措施，这距离该市去年九月最后一次放宽政策已经过去七个月。这一举措符合市场预期，因为北京和上海分别在去年十二月和今年二月也进行了类似的调整。然而，深圳的放宽程度强于北京和上海。该银行预计，地方交易量和房价将在至少一到两个月内改善。</p>
<p>报告指出，深圳的购房限制放宽主要针对非本地居民，放宽力度相对较强。例如，非本地家庭只需提供一年的纳税证明即可在限制区域购买最多三套房。而相比之下，上海要求提供三年的纳税证明，并允许在外环内购买最多两套房，北京则要求提供两年的纳税证明，仅允许在第五环内购买一套房。</p>
<p>该银行认为，许多投资者不再关注地方政策放宽的短期影响，而是期待市场的潜在内生改善。在接下来的三到六个月内，该银行看好中国海外（00688.HK）-0.130 (-0.974%) 空头头寸 2.2016 亿；比例 26.716%，其股价滞后但年初至今销售表现出色，以及中国金茂（00817.HK）+0.010 (+0.599%) 空头头寸 1234 万；比例 10.214%，其销售势头预计将保持强劲。该银行对中国房地产（01109.HK）-0.360 (-1.092%) 空头头寸 1.8693 亿；比例 20.040% 和中国瑞安（01209.HK）-0.560 (-1.172%) 空头头寸 3618 万；比例 32.839% 也持积极看法。</p>
<p>摩根大通补充说，考虑到近期市场指标的改善，如二手交易量和价格，预计近期不会推出全国性的放宽政策。（hc/u）（香港股票报价延迟至少 15 分钟。空头数据截至 2026 年 4 月 29 日 16:25。）</p>
<p>本文由 AI 自动翻译，中文版本应视为权威版本。AASTOCKS.com 有限公司不保证其准确性或完整性，并对因使用本翻译而产生的任何损害或损失不承担任何责任。</p>

中国海外宏洋集团

中国金茂

<p>摩根大通的报告强调了深圳最近的房地产政策放宽，这一举措比北京和上海的类似措施更为显著。新规主要惠及非本地居民，允许他们仅凭一年的税务证明购买最多三套房产。该银行预计未来几个月交易量和房价将改善，倾向于看好中国海外宏洋集团和中国金茂，因其销售表现强劲。摩根大通预计近期不会出现全国性的放宽政策，考虑到最近市场的改善</p>

<p>JPMorgan published a research report stating that Shenzhen rolled out a new round of property support measures yesterday (29th), seven months after the city last relaxed policies in September last year. The move was in line with market expectations, as Beijing and Shanghai introduced similar adjustments in December last year and February this year, respectively. However, the degree of easing in Shenzhen is stronger than that in Beijing and Shanghai. The bank expects local transaction volumes and property prices to improve for at least one to two months.</p>
<div class="lb-trans"><p>摩根大通发布了一份研究报告，指出深圳在昨天（29 日）推出了一轮新的房地产支持措施，这距离该市去年九月最后一次放宽政策已经过去七个月。这一举措符合市场预期，因为北京和上海分别在去年十二月和今年二月也进行了类似的调整。然而，深圳的放宽程度强于北京和上海。该银行预计，地方交易量和房价将在至少一到两个月内改善。</p>
</div><p>The report noted that the relaxation of purchase restrictions in Shenzhen mainly targets non-local residents, with relatively stronger easing. For example, non-local households are only required to provide one year of tax payment proof to purchase up to three units in restricted areas. In comparison, Shanghai requires three years of tax payment proof and allows the purchase of up to two units (within the outer ring), while Beijing requires two years of tax payment proof and permits the purchase of only one unit (within the fifth ring).</p>
<div class="lb-trans"><p>报告指出，深圳的购房限制放宽主要针对非本地居民，放宽力度相对较强。例如，非本地家庭只需提供一年的纳税证明即可在限制区域购买最多三套房。而相比之下，上海要求提供三年的纳税证明，并允许在外环内购买最多两套房，北京则要求提供两年的纳税证明，仅允许在第五环内购买一套房。</p>
</div><p>The bank believes that many investors are no longer focusing on the short-term impact of local policy easing, but are instead expecting potential endogenous improvement in the market. Over the next three to six months, the bank favors CHINA OVERSEAS (00688.HK) -0.130 (-0.974%)  Short selling $220.16M; Ratio 26.716%  , whose share price has lagged but has delivered outstanding sales performance year to date, as well as CHINA JINMAO (00817.HK) +0.010 (+0.599%)  Short selling $12.34M; Ratio 10.214%  , whose sales momentum is expected to remain strong. The bank also has a positive view on CHINA RES LAND (01109.HK) -0.360 (-1.092%)  Short selling $186.93M; Ratio 20.040%  and CHINA RES MIXC (01209.HK) -0.560 (-1.172%)  Short selling $36.18M; Ratio 32.839%  .</p>
<div class="lb-trans"><p>该银行认为，许多投资者不再关注地方政策放宽的短期影响，而是期待市场的潜在内生改善。在接下来的三到六个月内，该银行看好中国海外（00688.HK）-0.130 (-0.974%) 空头头寸 2.2016 亿；比例 26.716%，其股价滞后但年初至今销售表现出色，以及中国金茂（00817.HK）+0.010 (+0.599%) 空头头寸 1234 万；比例 10.214%，其销售势头预计将保持强劲。该银行对中国房地产（01109.HK）-0.360 (-1.092%) 空头头寸 1.8693 亿；比例 20.040% 和中国瑞安（01209.HK）-0.560 (-1.172%) 空头头寸 3618 万；比例 32.839% 也持积极看法。</p>
</div><p>JPMorgan added that in light of recent improvements in market indicators, such as secondary transaction volumes and prices, it does not expect nationwide easing policies to be introduced in the near term. (hc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.)</p>
<div class="lb-trans"><p>摩根大通补充说，考虑到近期市场指标的改善，如二手交易量和价格，预计近期不会推出全国性的放宽政策。（hc/u）（香港股票报价延迟至少 15 分钟。空头数据截至 2026 年 4 月 29 日 16:25。）</p>
</div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p>
<div class="lb-trans"><p>本文由 AI 自动翻译，中文版本应视为权威版本。AASTOCKS.com 有限公司不保证其准确性或完整性，并对因使用本翻译而产生的任何损害或损失不承担任何责任。</p>
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JPM: Shenzhen Property Policy Easing; Favors CHINA OVERSEAS  and CHINA JINMAO

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摩根大通

中国海外发展

华润置地

华润万象生活

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摩根大通：深圳房地产政策放宽；看好中国海外宏洋集团和中国金茂