“沪六条”引爆地产板块，15年楼市“限购令”逐步淡出

Group 1: Policy Changes - The new policy "沪六条" was jointly issued by six departments in Shanghai, adjusting housing purchase limits, housing provident fund, housing credit, and housing tax regulations, effective from August 26, 2025 [1][2] - The policy allows single individuals to have the same housing purchase qualifications as families, promoting home purchases for single residents [2] - The housing provident fund loan limits have been increased, with the maximum loan for first-time buyers raised from 1.6 million yuan to 1.84 million yuan, and for families with multiple children, it can go up to 2.16 million yuan [2] Group 2: Market Reactions - Following the announcement of "沪六条," real estate stocks surged, with Vanke A (万科A) and others seeing significant gains, indicating positive market sentiment [9][10] - The overall performance of the A and H share real estate sectors improved, with Vanke A rising over 9% on the day of the announcement [9][10] - Analysts believe that the new policies will enhance market expectations and activity, contributing to a stabilization of the real estate market [10] Group 3: Broader Implications - The adjustments in Shanghai's policies are seen as a response to similar measures taken in Beijing, with expectations that Shenzhen may follow suit in further easing restrictions [4][6] - The historical context of housing purchase restrictions indicates a gradual phasing out of the "限购令" that has been in place since 2010, with many cities now relaxing or eliminating these limits [7][8] - The central government's focus remains on stabilizing the real estate market, with indications that further supportive policies may be forthcoming [10]