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Open Source Securities released a research report saying that Beijing is once again shortening the social security period for non-Beijing property buyers and increasing the amount of provident fund loans. The signal is clear, and the loose purchase restriction policy in Shanghai and Shenzhen is expected to be followed up. In the first half of the year, the real estate industry was still in a fragmented pattern of weak sales repair and supply contraction, but the overall policy side was relaxed, the process of controlling growth and removing inventory was still accelerating, and the performance of high-quality housing companies continued to recover. Recommended targets: high-quality housing enterprises with good urban fundamentals and strong product strength; commercial real estate operators that place equal emphasis on commercial operations and asset management, while benefiting from real estate recovery and consumption promotion policies; high-quality property management standards with outstanding service quality under the “good house, good service” policy.

Zhitongcaijing·08/11/2026 07:41:02
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Open Source Securities released a research report saying that Beijing is once again shortening the social security period for non-Beijing property buyers and increasing the amount of provident fund loans. The signal is clear, and the loose purchase restriction policy in Shanghai and Shenzhen is expected to be followed up. In the first half of the year, the real estate industry was still in a fragmented pattern of weak sales repair and supply contraction, but the overall policy side was relaxed, the process of controlling growth and removing inventory was still accelerating, and the performance of high-quality housing companies continued to recover. Recommended targets: high-quality housing enterprises with good urban fundamentals and strong product strength; commercial real estate operators that place equal emphasis on commercial operations and asset management, while benefiting from real estate recovery and consumption promotion policies; high-quality property management standards with outstanding service quality under the “good house, good service” policy.