Huatai Securities pointed out that policies have been introduced recently. The new value-added tax policy is in line with the spirit of the Ministry of Housing and Construction meeting and the Beijing New Deal. They are all implementing the idea of “stabilizing the real estate market” conveyed at the Central Economic Work Conference. The unblocking of the transaction chain is preparing to stabilize the market, and the “excellent supply” orientation is expected to promote the reshaping of the competitive pattern of enterprises. Key recommendations: 1. “Three good” real estate stocks with “good credit, good cities, and good products”; 2. Real estate enterprises that rely on operational capacity to grasp the lifeline of cash flow in market adjustments; 3. Local Hong Kong real estate enterprises benefiting from the recovery of the Hong Kong market; 4. Property management enterprises that benefit from steady cash flow and have dividend advantages.

Huatai Securities pointed out that policies have been introduced recently. The new value-added tax policy is in line with the spirit of the Ministry of Housing and Construction meeting and the Beijing New Deal. They are all implementing the idea of “stabilizing the real estate market” conveyed at the Central Economic Work Conference. The unblocking of the transaction chain is preparing to stabilize the market, and the “excellent supply” orientation is expected to promote the reshaping of the competitive pattern of enterprises. Key recommendations: 1. “Three good” real estate stocks with “good credit, good cities, and good products”; 2. Real estate enterprises that rely on operational capacity to grasp the lifeline of cash flow in market adjustments; 3. Local Hong Kong real estate enterprises benefiting from the recovery of the Hong Kong market; 4. Property management enterprises that benefit from steady cash flow and have dividend advantages.