Zheng Quan Shi Bao Wang·2025-12-26 00:10Core Viewpoint - The recent policy adjustments in Beijing's real estate sector are expected to accelerate market stabilization and boost policy expectations in Shanghai and Shenzhen [1] Group 1: Policy Changes - On December 24, Beijing's Housing and Urban-Rural Development Commission and the Development and Reform Commission jointly released a notice to further optimize and adjust real estate-related policies, focusing on purchase restrictions, commercial loans, and housing fund policies [1] Group 2: Investment Recommendations - The report recommends focusing on four main lines of real estate stocks: 1. "Three Good" real estate stocks characterized by good credit, good cities, and good products [1] 2. Real estate companies that manage to maintain cash flow during market adjustments through operational capabilities [1] 3. Local Hong Kong real estate companies benefiting from the recovery of the Hong Kong market [1] 4. Property management companies with stable cash flow and dividend advantages [1]