太平洋房地产日报：成都发布公积金新政-20251016

Investment Rating - The industry rating is optimistic, expecting overall returns to exceed the CSI 300 Index by more than 5% in the next six months [11]. Core Insights - The report highlights the recent policy changes in Chengdu regarding housing provident funds, which now allow individuals who have contributed from other cities to apply for conversion loans [5]. - The real estate market showed positive momentum with the Shanghai Composite Index and Shenzhen Composite Index rising by 1.22% and 1.56% respectively on October 15, 2025 [3]. - The report notes significant individual stock performances, with top gainers in the real estate sector including Xiangjiang Holdings and Shangshi Development, which rose by 10.10% and 10.06% respectively [4]. Market Trends - The report indicates a general upward trend in the equity market, with the Shenwan Real Estate Index increasing by 0.11% [3]. - Chengdu's new policy eliminates the "local contribution" restriction, expanding eligibility for housing loans [5]. - A notable land auction in Hangzhou resulted in a successful bid of 1.264 billion yuan with a premium rate of 19.93% [6]. Company Performance - Beijing Shoukai Development Co., Ltd. reported a total signed area of 91,500 square meters and a signed amount of 853 million yuan for September 2025 [9]. - The company achieved a total signed area of 943,800 square meters and a signed amount of 14 billion yuan from January to September 2025 [9].