Group 1 - Recent housing provident fund policies have been introduced in multiple regions, including commercial-to-public loan conversions, reduced down payment ratios, and increased loan limits [1] - Local easing measures are expected to directly stimulate housing demand, combined with the approaching peak sales season, which will boost investment sentiment and drive valuation recovery in the sector [1] Group 2 - Vanke A shares experienced a strong limit-up, leading to a 4.28% increase in the real estate ETF fund (515060) [2]

Core Points - Suzhou has introduced a new housing provident fund policy aimed at optimizing the use of funds and supporting residents in financial distress [1] Group 1 - The new policy includes adjustments to the recognition standards for the number of times housing provident fund loans can be used [1] - The down payment ratio for housing provident fund loans has been reduced [1] - The scope for withdrawing housing provident funds for serious illnesses has been expanded [1] - The policy now allows for the withdrawal of housing provident funds to cover property management fees [1]