Zhi Tong Cai Jing·2025-09-01 06:53Core Viewpoint - The Chinese real estate sector is experiencing a positive shift due to recent policy changes aimed at stimulating urban development and easing purchasing restrictions in major cities, which is expected to boost transaction volumes in the fourth quarter [1] Group 1: Stock Performance - Several real estate stocks saw significant gains, with Sunac China (01918) up 5.92% to HKD 1.61, China Overseas Grand Oceans Group (00081) up 5.31% to HKD 2.38, Longfor Group (00960) up 2.27% to HKD 10.82, and Vanke Enterprises (02202) up 2.26% to HKD 5.43 [1] Group 2: Policy Impact - The release of the "Opinions on Promoting High-Quality Urban Development" by the Central Committee of the Communist Party of China and the State Council on August 28 emphasizes activating urban resource potential and improving housing safety management, which are closely related to the real estate sector [1] - Recent policy relaxations in Beijing and Shanghai regarding purchasing restrictions outside the Fifth Ring Road are expected to further stimulate the market [1] Group 3: Market Outlook - According to Guotai Junan Securities, the removal of purchasing limits in key areas is anticipated to lead to a rebound in real estate transaction volumes in the fourth quarter, contributing to a stabilization of the sector's fundamentals [1] - The current low valuation of the real estate sector presents an opportunity for investors to accumulate shares, particularly in companies that are well-managed and positioned to benefit from potential policy advantages [1] - Recommended companies are those focusing on core first and second-tier cities, emphasizing improved product offerings and possessing sustainable land acquisition capabilities [1]