来源：环球网 【政策要闻】 中央财政继续支持实施城市更新行动 4月8日，财政部办公厅、住房城乡建设部办公厅发布关于开展2025年度中央财政支持实施城市更新行动 的通知，其中提出，2025年中央财政继续通过定额补助支持部分城市实施城市更新行动。中央财政支持 实施城市更新工作的范围为大城市及以上城市，共评选不超过20个城市，主要向超大特大城市以及黄 河、珠江等重点流域沿线大城市倾斜。中央财政按区域对实施城市更新行动城市给予定额补助。其中： 东部地区每个城市补助总额不超过8亿元，中部地区每个城市补助总额不超过10亿元，西部地区每个城 市补助总额不超过12亿元，直辖市每个城市补助总额不超过12亿元。资金根据工作推进情况分年拨付到 位。 辽宁拟加大专项债收购存量房用作保障房支持力度 4月9日，辽宁省发展和改革委员会发布关于公开征求《辽宁省大力提振消费若干举措（征求意见稿）》 意见的公告，其中提到，稳定住房消费。加大专项债对收购存量商品房用作保障性住房的支持力度。深 入推进"好房子"建设，适度提高住宅建设标准，因地制宜增加改善性住房供给，有序推进现房销售。支 持缴存人提取个人账户住房公积金支付购买新建商品房首付款。推动落 ...

2024年，中国人民银行设立3000亿元保障性住房再贷款，用于支持地方国有企业收购已建成存量商品房 用作保障性住房。为做好保障性住房再贷款落地工作，中国人民银行佛山市分行主动加强与有关部门沟 通对接，协同推进再贷款落地，一方面，积极配合相关部门制定《佛山市收购已建成存量商品房用于保 障性住房操作指引》，明确项目收购标准、实施流程、保障措施等，为推动项目落地指明方向；另一方 面，还会同相关部门积极搭建政府、收购主体与项目公司对接平台，协调解决政策推进过程中的问题、 堵点，确保工作稳步推进。 为了保障项目顺利进行，项目还创新引入了国企担保运营机制。 中国人民银行佛山市分行相关负责人表示，因项目自身的租金收入不足以覆盖融资本息，存在资金缺 口。为推进银行授信项目成功落地，分行会同相关部门指导收购主体佛山市安居置业有限公司通过集团 （佛山市建设发展集团有限公司）担保，有效对资金缺口部分进行差额补足，满足项目整体资金平衡， 为项目落地打下坚实支撑。 南方财经全媒体记者高慧超 实习生张万宇 佛山报道 4月1日，南方财经全媒体记者从中国人民银行佛山市分行获悉，3月，在分行推动下，平安银行佛山分 行为佛山市高明区花曼曦苑项目 ...

Investment Rating - Industry Investment Rating: Overweight [1] Core Viewpoints - The release of substantial favorable policies for real estate is expected to support short-term valuations in the building materials sector and improve mid-term demand. The logic for supply-side clearing in the industry is becoming clearer, as the consumer building materials market has rapidly shifted from an incremental market to a stock market, putting operational pressure on small and medium enterprises and facilitating market share gains for leading companies [3][4][6]. Industry Perspectives - Continuous optimization of real estate policies in core cities is observed. For instance, Beijing's housing loan policies have been adjusted to favor first-time buyers, and Chengdu has lifted restrictions on housing purchases. Additionally, Shenzhen is launching a "sell old for new" housing initiative [4][24]. - The price increase of glass fiber is gradually being realized, with companies like China Jushi showing improved profit expectations despite a decline in revenue and net profit in Q1 2024. The company has implemented price adjustments for its products, which are expected to have a significant positive effect [5][25]. - Short-term focus on affordable housing is crucial for the development of the real estate sector, with plans to add 6.5 million affordable rental housing units across 21 provinces during the 14th Five-Year Plan period, potentially benefiting construction and building materials companies [6][26]. - Long-term urban renewal initiatives are anticipated to supplement demand for consumer building materials, with significant investments expected from city village renovations and related infrastructure projects [9][27]. - New materials are highlighted as key investment opportunities, particularly in pharmaceutical glass and electronic yarn, driven by increasing demand and favorable market conditions [10][29]. Market Review - The building materials index has seen a decline of 0.45%, while the broader market indices have shown positive performance. Specific sub-sectors such as consumer building materials and glass have experienced varying degrees of price changes [30][32]. - The average price of high-standard cement has decreased by 0.18% to 361.45 CNY per ton, with regional price fluctuations noted. The cement inventory ratio stands at 67.46%, indicating a slight decrease [45][46]. - The average price of float glass has decreased by 0.9% to 1721 CNY per ton, with an increase in inventory levels. The market is experiencing mixed demand dynamics across different regions [51][53].