News summary
[CITIC Securities: Compared with 2008ph2bet, what are the differences and differences between today's real estate policies] Securities Times e Company News, CITIC Securities Research News believes that the real estate policy goals and the objective environment in which the real estate market is located in 2024 are different from those in 2008, but the market-oriented orientation of the policies is consistent. 200ph2bet...
Newsletter text
[CITIC Securities: Compared with 2008, what are the differences and differences between today's real estate policies? Securities Times e Company News, CITIC Securities Research believes that the real estate policy goals and the objective environment in which the real estate market is located in in 2024 are different from those in 2008, but the market-oriented orientation of policies is consistent. In 2008, the personal leverage ratio of the whole society was low. There is still room for optimization of differentiated housing credit policies in 2024. Moreover, the policy has added a new means of removing existing housing by local state-owned assets platforms. Through market-oriented mechanisms, it may form a step-by-step gradual recovery from first-tier cities to second-tier cities. The balance sheet of the industrial chain has returned to stability, but there is no room for significant growth in orders. It is recommended to focus on the investment value of real estate companies with a high proportion of land reserves, smooth financing channels, and strong development capabilities in core cities.