
Core Viewpoint - The Chinese real estate sector stocks experienced a rise, driven by favorable policy changes announced by Shanghai authorities regarding housing regulations [1] Group 1: Stock Performance - Stocks of Chinese real estate companies saw significant gains, with Fangdd (DUO.US) increasing over 12% to $1.635 and Beike (BEKE.US) rising over 2% to $18.94 [1] Group 2: Policy Changes - The Shanghai Municipal Housing and Urban-Rural Development Management Committee and other departments issued a notice to optimize and adjust real estate policies, effective from August 26, 2025 [1] - Key adjustments include changes to housing purchase restrictions, housing provident fund usage, housing credit, and housing tax policies [1] - Notably, the purchase restriction policy will be significantly revised, allowing eligible families to buy an unlimited number of homes outside the outer ring [1] - Single adults will be subject to the same housing purchase restrictions as resident families [1] - Provident fund accounts can now be used for down payments, and mortgage rates will no longer differentiate between first and second homes [1]