海外地产行业周报：打出政策组合拳，推动止跌回稳

Investment Rating - The report recommends the real estate and property management sectors, highlighting specific companies for investment [2][4]. Core Insights - The report emphasizes the unprecedented policy measures aimed at stabilizing the real estate market, including adjustments in loan rates and housing policies [2][30]. - It notes a significant increase in the stock holdings of certain companies within the Hong Kong Stock Connect, indicating growing investor confidence [12][14]. - The report identifies top-performing companies in the real estate sector, such as Longfor Group and China Overseas Development, which have shown positive weekly performance [10][11]. Market Overview - Major indices showed mixed performance, with the Hang Seng Real Estate Index declining by 0.2% this week, while the Hang Seng Index fell by 2.1% [4][7]. - The report highlights that the sales area in 30 major cities decreased by 2.4% year-on-year, but the decline is narrowing [26]. Company Performance - Notable companies with strong weekly performance include Longfor Group (+4.6%), New World Development (+3.3%), and CLP Holdings (+2.6%) [4][10]. - In the property management sector, Kwan Hung Services (+8.6%), Evergrande Services (+5.2%), and Greentown Management (+0.9%) performed well [11][10]. Stock Holdings - The report indicates an increase in the Hong Kong Stock Connect holdings for Greentown Management, Greentown China, and Poly Property, with respective increases of 0.96, 0.88, and 0.85 percentage points [12][14]. - The report also notes that the stock holdings of local Hong Kong companies such as CLP Holdings and Cheung Kong Infrastructure have increased [14][15]. Short Selling Activity - The report identifies the top three companies for short selling activity in the property management sector, including China Overseas Development (29.8%), Jianfa International (23.9%), and China Overseas Holdings (22.0%) [16][18]. - It also highlights the companies with the highest percentage of outstanding short positions, such as Vanke Enterprises (108.6%) and Longfor Group (45.1%) [16][18].