海外地产周报：统计局发布2024年房地产市场情况

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Insights - The report highlights a positive trend in the real estate market, with significant policy support from the central government aimed at stabilizing the market and promoting recovery [3][42][43] - The report recommends specific companies within the real estate and property management sectors, including China Overseas Development, Longfor Group, and China Resources Land, among others [3][44] Market Overview - The report notes that the major indices performed well, with notable increases in stock prices for companies such as Hang Lung Properties (+4.2%) and Kowloon Development (+4.0%) [4][5] - The report indicates that the cumulative sales area in 30 major cities increased by 5.1% year-on-year as of January 17, 2025 [34] Company Performance - The report lists the best-performing companies in the real estate sector for the week, including Sunac China (+19.2%) and Greenland China Real Estate (+7.9%) [8][9] - In the property management sector, companies like Greentown Management (+5.6%) and China Resources Vientiane Life (+5.1%) showed strong performance [11][12] Stock Holdings and Short Selling - The report details changes in Hong Kong Stock Connect holdings, with increases for companies like Country Garden Services and China Resources Vientiane Life [13][14] - It also highlights short selling activity, noting that the top three companies by short selling volume were Jianfa International, Longfor Group, and China Overseas Development [19][20] Policy Support - The report emphasizes the unprecedented policy support for the real estate market, including measures to lower reserve requirements and interest rates, aimed at stabilizing the market [3][42][43] - The central economic meeting reiterated the importance of stabilizing the real estate market and preventing risks [43][44]