广州市住房公积金管理中心等四部门于9月28日发布《关于优化住房公积金提取政策的通知》，明确缴 存人及其配偶购买广州市行政区域内现售商品住房、存量商品住房、配售型保障性住房或者共有产权住 房，可申请提取住房公积金用于支付购房首付款。 合肥市住房保障和房产管理局在9月30日发布《关于促进房地产市场平稳健康发展的通知》，提出优化 住房公积金贷款政策、持续推进"好房子"建设等十项举措，进一步满足居民刚性和改善性住房需求。 同日，武汉市住房和城市更新局等五部门发布《关于进一步促进我市房地产市场平稳健康发展政策措施 的通知》，明确加大刚性住房需求补贴力度、提高住房公积金贷款额度、阶段性调整住房公积金贷款套 数认定标准等八条措施。 来源：证券日报 作者：张芗逸 10月9日，南京住房公积金管理中心发布《关于提高住房公积金贷款额度的通知》，明确单缴存人的住 房公积金贷款最高额度由50万元/人提高至80万元/人。 南京此次贷款额度调整以单人购房为重点，着重加大了对新市民、青年人等群体的支持力度。 包括南京在内，9月末至10月初，广州、武汉、合肥、重庆等多个重点城市纷纷出台有力举措，巩固房 地产市场稳定态势。 在政策助力下，各地楼 ...

9月28日，记者从广州住房公积金管理中心了解到，广州推出住房公积金新政，围绕"住有所居、住有宜 居"的目标，推出两大惠民举措，支持缴存人多样化住房消费需求，减轻购房资金压力，推动老旧小区 改造，助力建设宜居广州。 首付款提取范围扩大，购房减负更轻松。继去年出台预售商品房可提首付款后，现在缴存人及其配偶购 买广州行政区域内现售商品住房、存量商品住房、配售型保障性住房或者共有产权住房，可申请提取住 房公积金用于支付购房首付款。 电梯更新改造可提取，居住升级更舒心。缴存人及其配偶在广州行政区域内为其拥有所有权的住宅实施 老旧电梯更新改造，可申请提取住房公积金用于支付家庭分摊费用。 该新政自2025年9月28日起实施。 (责任编辑：张紫祎) ...

新京报贝壳财经讯 9月18日，北京住房公积金管理中心披露，2025住房公积金年度继续执行5%至12%的 缴存比例政策。缴存单位可根据自身情况在规定范围内自主确定具体缴存比例，在办理职工住房公积金 年度缴存基数申报时进行缴存比例的调整。 公告显示，2025住房公积金年度住房公积金月缴存基数上限为35811元，具体缴存比例对应月缴存额上 限见附件；自2025年9月1日起，住房公积金月缴存基数下限调整为2540元，领取基本生活费职工的月缴 存基数下限为1778元，新受理的住房公积金个人住房贷款，计算借款申请人贷款金额所使用的月基本生 活费标准按1778元执行。 来源：北京住房公积金管理中心官网 编辑 寇德娜 校对 穆祥桐 ...

9月第一周，深圳发布了楼市新政，涉及优化分区住房限购政策、优化调整企事业单位购买商品住房政策以及优化调整个人住房信贷政策等内容。在新政出 台后的首个周末，记者在多个新房楼盘看到，各楼盘的咨询、到访和成交量都有大幅度增长，有的楼盘周末两天到访超500批客户。深圳罗湖区这个新开的 楼盘，为了满足众多咨询需求，将营业结束时间由晚上7点延迟到了10点。 8月份以来，北上深等一线城市楼市新政纷纷落地，在有条件放开限购的同时，还从取消限售、发放购房补贴等多个角度出台优化调整措施。从市场反馈来 看，各地新房市场近期出现温和回暖的态势。 多地楼市新政落地 新房市场温和回暖 而在上海，8月底出台楼市新政以来，不少优质房地产项目的来访量均有明显上升。其中一个楼盘在8月30日开盘当天就卖出了100套房源，销售额突破4亿 元。 深圳某楼盘营销负责人 罗嘉良：我们预估来访量的话，也会相较于之前上涨20%左右。 8月8日，北京出台楼市新政，明确符合条件家庭在北京市五环外不再限制购房套数。如今，政策落地满一个月。记者在位于通州区的一个新房楼盘了解到， 近期每天都有不少看房人，而且受政策影响，相当一部分客户，都是选择使用公积金贷款来买房。 ...

Core Viewpoint - Zhejiang Merchants Bank Hefei Branch is actively promoting the "Commercial to Public" loan business to expand the benefits of housing provident fund policies for employees and the public [1] Group 1: Policy Implementation - The bank is conducting outreach activities to provide policy services in various sectors, including government agencies, enterprises, communities, business circles, and parks [1] - The bank has issued a "Commercial to Public Loan Application Guide" and is providing face-to-face explanations and case analyses to clarify application conditions, processes, and required materials [1] - The bank aims to shift from a model where individuals seek policies to one where policies are delivered to the public, thereby increasing awareness of the policies [1] Group 2: Operational Improvements - A performance assessment method for the "Commercial to Public" loan business window has been established to enhance the motivation of staff [1] - The bank is strengthening collaboration with the housing fund center and real estate registration service center to address business risk prevention, operational processes, and mortgage rights transfer [1] - The bank offers pre-acceptance services for "Commercial to Public" loans for clients from non-original lending banks, allowing all commercial bank loans to apply for this service [1] Group 3: Future Plans - The bank plans to continue implementing stronger policies, more accessible promotional methods, and warmer service experiences to address public concerns effectively [1] - The goal is to make the housing provident fund policies easier to understand, services more convenient, and protections more robust [1]

Core Viewpoint - The Chengdu Housing Provident Fund Management Committee has issued a notification to support depositors in purchasing and renting affordable housing, significantly lowering the financial burden on homebuyers [1] Summary by Relevant Sections Policy Changes for Home Purchase - The minimum down payment ratio for purchasing affordable housing using housing provident fund loans is set at 15% [1] - The maximum loan limits for single and dual depositors have been increased by 50%, raising the limits from 600,000 yuan to 900,000 yuan for single depositors and from 1,000,000 yuan to 1,500,000 yuan for dual depositors [1] Loan and Withdrawal Regulations - Depositors can withdraw housing provident funds to pay for the purchase while also applying for housing provident fund loans, with the total of withdrawals and loans not exceeding the total price of the purchased housing [1] - The policy does not allow for the combination of loan limit increases for purchasing affordable housing and for families with multiple children [1] Rental Support Measures - Depositors renting affordable housing can withdraw funds based on actual rent payments, provided they have continuously contributed to the housing provident fund for at least three months and do not own property in Chengdu [1] - An agreement can be signed with the Chengdu Housing Provident Fund Management Center to authorize monthly withdrawals for direct rent payments to the operating enterprises [1]

Core Points - Chengdu has issued a notification to enhance the role of the housing provident fund in supporting residents in purchasing and renting affordable housing [1] - The minimum down payment ratio for purchasing affordable housing using the housing provident fund loan is set at 15%, with a maximum loan amount of 1.5 million yuan [1] - The maximum loan limits for single and dual contributors have been increased by 50%, raising the limits from 600,000 yuan to 900,000 yuan for single contributors and from 1 million yuan to 1.5 million yuan for dual contributors [1] Summary by Categories Policy Changes - The notification specifies that the minimum down payment for affordable housing is now 15% [1] - The maximum loan amounts for single and dual contributors have been increased to 900,000 yuan and 1.5 million yuan, respectively [1] Support for Contributors - Contributors can withdraw their housing provident fund to pay for the purchase while also applying for a loan, with the total amount not exceeding the total price of the purchased housing [1] - Contributors can withdraw housing provident funds from their parents, children, or spouses when purchasing affordable housing [2] Rental Support - Contributors who have rented affordable housing can continue to withdraw funds for purchasing affordable housing or repaying loans within the same calendar year [2] - Contributors renting affordable housing can withdraw funds based on actual rent paid, provided they meet certain conditions [2]

Core Viewpoint - The Fujian Provincial Government has issued measures to promote the construction of a family-friendly society, focusing on increasing support in tax, finance, and housing for families with children [1] Group 1: Tax and Financial Support - Implementation of personal income tax deductions for childcare and education for children under three years old [1] - Financial institutions are encouraged to provide preferential loans to businesses related to maternal and infant care and childcare services [1] Group 2: Housing Policies - Housing policies will favor families with multiple children, including increasing the maximum loan amount for housing provident funds and the withdrawal limits for renting commercial housing [1] - Differential rental and purchase incentives will be implemented based on the burden of raising underage children [1] - Improvements to public rental housing exchange policies to support families with increased population [1] - Exploration of priority selection policies for guaranteed housing for families with three children [1]

Group 1 - Beijing has lifted housing purchase restrictions outside the Fifth Ring Road, effective from August 9, leading to a 20%-30% increase in property viewings [2] - The new policy includes adjustments to housing provident fund policies, allowing a maximum loan of 1.4 million yuan for second homes and reducing the required contribution period [2] - Industrial Fulian reported a revenue of approximately 360.76 billion yuan for the first half of the year, a year-on-year increase of 35.58%, with a net profit of about 12.11 billion yuan, up 38.61% [10] Group 2 - This week, 34 companies will have a total of 3.057 billion shares released from lock-up, with a total market value of 232.51 billion yuan based on the latest closing prices [12] - The companies with the highest market value of released shares include Haiguang Information, Zhiwei Intelligent, and Guoxin Securities [12] - A new stock, Hongyuan Co., will be issued on August 11, with a subscription code of 920018 and an issue price of 9.17 yuan [15]

Investment Rating - The report maintains an "Overweight" rating for the real estate sector [1] Core Insights - The report highlights a new consumption-boosting plan introduced by Beijing, while both new and second-hand housing transactions have shown a month-on-month decline [1][8] - The real estate sector has outperformed the broader market, with the Shenwan Real Estate Index rising by 6.12% compared to a 0.82% increase in the CSI 300 Index, resulting in a relative return of 5.3% [5][13] Summary by Sections 1. Weekly Market Review - The Shenwan Real Estate Index increased by 6.12%, while the CSI 300 Index rose by 0.82%, indicating strong sector performance [5][13] 2. Industry Fundamentals - For the week of July 4-10, the total number of new homes sold in 38 key cities was 25,620 units, reflecting a year-on-year growth of 6.9% but a month-on-month decline of 36%. The total transaction area was 2.092 million square meters, with a year-on-year decrease of 18% and a month-on-month decrease of 54.2% [6][20] - In the same week, the total number of second-hand homes sold in 16 key cities was 16,990 units, showing a year-on-year decline of 10% and a month-on-month decline of 6.7%. The total transaction area was 1.692 million square meters, with a year-on-year decrease of 8.4% and a month-on-month decrease of 5.4% [6][38] - The inventory of commercial housing in 17 key cities was 187.848 million square meters, with a month-on-month increase of 0.2% and a depletion cycle of 142.6 weeks [6][51] 3. Company News - China Merchants Shekou reported a signed sales area of 695,000 square meters and a sales amount of 21.748 billion yuan in June 2025. For the first half of 2025, the cumulative signed sales area was 3.35 million square meters, with a total sales amount of 88.894 billion yuan [17][19] - Gemdale Group announced a signed area of 262,000 square meters in June 2025, a year-on-year decrease of 41.39%, with a signed amount of 3.1 billion yuan, down 53.24% year-on-year [17][19] - Huaxia Happiness expects a net profit loss of between 5.5 billion and 7.5 billion yuan for the first half of 2025, compared to a loss of 4.849 billion yuan in the same period last year [18][19]