龙湖陈序平：房地产中长期韧性依然被看好，短期看政策刺激力度

Core Viewpoint - Longfor Group's recent mid-year performance announcement for 2025 highlights the significant impact of government policies on the real estate market, indicating a recovery phase followed by new challenges due to policy adjustments [2] Group 1: Market Conditions - The central government introduced a package of stimulus policies on September 26 last year to stabilize the real estate market, leading to a six-month recovery from October to March [2] - Starting in April, the market faced a new downturn as the stimulus policies were scaled back and the implementation of land reserve policies was slower than expected, putting pressure on the recovery observed in the second and third quarters [2] - The State Council's meeting in August emphasized the need to maintain the stability of the real estate market, with recent easing of purchase restrictions in cities like Beijing and Shanghai deemed necessary [2] Group 2: Future Outlook - The chairman and CEO of Longfor Group, Chen Xuping, stated that the stabilization of the real estate market is crucial for China's economic and financial stability, with short-term trends dependent on the strength of policy stimuli [2] - In the long term, there is optimism regarding the resilience of the Chinese real estate market, particularly in first- and second-tier cities where there is a strong demand for quality housing in prime locations [2] - The company believes that focusing on building quality homes and providing excellent products and services remains a worthwhile long-term business strategy [2]