本报记者 张芗逸 2025年是"十四五"规划收官之年，也是"十五五"规划谋篇布局之年。站在这一承前启后的历史节点回望，"十四五"期间， 我国房地产行业经历了一场深刻的转型与升级：从规模扩张的"快车道"转向质效并举的"新航程"；从满足"居者有其屋"的基本 保障，升华为实现"居者优其屋"的品质追求。 随着城镇化步入成熟发展新阶段，房地产发展新模式加速构建，城市更新有序推进。从"有没有"到"好不好"的新画卷徐徐 展开——房地产行业正以更加稳健、更可持续的姿态，迈向高质量发展的新阶段。 适应新形势： 安居基础持续夯实 "十四五"期间，在稳增长、惠民生、防风险、促转型的政策导向下，"市场+保障"住房供应体系不断完善，租购并举的住 房制度加快建立，人民群众安居的基础得到持续夯实。 "'十四五'期间，我国构建了'市场+保障'双轨体系，住房供应体系优化成效突出。"58安居客研究院院长张波在接受《证券 日报》记者采访时表示，针对市场供需关系的重大变化，我国构建了包括公共租赁住房、保障性租赁住房、配售型保障性住房 在内的多元化、多层次保障体系，助力新市民、青年人、农民工等群体实现安居。 数据显示，"十四五"期间我国建设筹集各类保 ...

明年1月1日起，在北京持有或者经营租赁住房500套及以上或者建筑面积1.5万平方米及以上的住房租赁 企业，也可享受相应的税收优惠政策了，这是新京报记者从北京市住建委获悉的。需要强调的是，此次 新政主要针对住房租赁企业，不涉及商办用房租赁企业。为何要为企业减税？新政落地后，对于租赁市 场来说，会有哪些影响？新京报记者采访了业内专家。 追问1 北京房地产中介行业协会秘书长赵庆祥介绍，根据《住房租赁条例》《北京市住房租赁条例》《关于完 善住房租赁有关税收政策的公告》，专业化规模化住房租赁企业主要包括两类，一类是自持自营的企业 化或机构化的房东，以国有企业和房地产开发商为主；另一类是转租经营的企业，即将业主的房屋承租 过来，再进行转租经营，也就是常说的"机构化二房东"，这部分目前占据市场份额的90%以上。 对于为何要出台政策，赵庆祥认为，"此次新政主要是贯彻落实《住房租赁条例》和《北京市住房租赁 条例》的相关规定，继续深化规范发展住房租赁市场相关政策。"他介绍，2015年起，国家和北京市陆 续出台了系列政策，培育和规范发展住房租赁市场，培育市场化、专业化住房租赁企业。今年中央城市 工作会议提出，我国城镇化正从快速增长 ...

住房事关保障和改善民生；当下，租房是新市民、青年人等群体解决住房问题的重要途径。 从非法中介卷款消失，到部分房东无理涨租，再到押金乱扣、强制清退……这些长期困扰租房族的难题，有 望随着一部条例的落地而有新解法。 9月15日起，《住房租赁条例》（以下简称《条例》）将正式施行。作为我国首部专门针对住房租赁的行政法 规，它的落地，将推动住房租赁市场迈向法治化、规范化新阶段，为加快建立租购并举的住房制度、推动实 现"住有所居"提供有力的法治支撑。 《条例》对住房租赁各相关主体行为有哪些要求？对住房租赁市场会产生哪些影响？我省又将怎样保障《条 例》更好施行？连日来，记者走访多家房屋中介，与房东、租客、律师、专家深入交流，看新规如何托举城 市建设者的"安家梦"。 租房乱象 押金难退、单方违约等有待规范 刚毕业的刘婷（化名）遇到了一件烦心事：她租住的房子到期，房东以"墙面划痕""家具磨损"等为由拒绝退 还2000元押金。"我才租了一年，损耗也是正常使用带来的，他却要求我承担全部重新装修费，这不是坑人 嘛。"刘婷委屈地说，她将遭遇发到网上，引发广泛共鸣。 网友将房东提着灯、照着墙，查看出租房被损坏情况的行为戏称为"提灯定损" ...

Core Viewpoint - The introduction of the Housing Rental Regulations marks a new phase of legalization and standardization in China's housing rental market, providing a clear institutional framework and behavioral guidelines for rental activities [1][2]. Group 1: Encouragement and Regulation of the Housing Rental Market - The housing rental market is a crucial part of the real estate market and is essential for establishing a dual housing system of renting and purchasing [2]. - The rental population in China is expected to exceed 300 million by 2025, with major cities seeing rental populations close to 40 million, accounting for nearly 50% of their residents [2]. - The new regulations aim to standardize rental activities, protect the legal rights of parties involved, stabilize rental relationships, and promote high-quality development of the rental market [2][3]. Group 2: Impact on Rental Relationships and Market Dynamics - Standardizing rights and responsibilities in rental agreements is expected to enhance the stability of rental relationships and encourage both landlords and tenants to engage positively [3]. - A stable rental cash flow will incentivize market participants to invest in housing rentals, facilitating a shift in the real estate industry from new construction to operational management [3]. Group 3: Stimulating Housing Rental Consumption - Regulating the housing rental market is not only vital for improving livelihoods but also for boosting and expanding consumption [4]. - The rental market is a significant continuous expenditure for residents, and a well-regulated market will likely increase consumption levels [4]. - The recent consumption stimulus plan emphasizes expanding the use of housing provident funds to support renters, which will further invigorate the rental market [4][5]. Group 4: Policy Support and Market Supply - Local governments have introduced over 80 housing rental-related policies in the first half of 2025 to alleviate rental burdens and support tenants through various financial mechanisms [5]. - The new regulations are expected to create a foundational order in the market, benefiting all parties involved and enhancing market confidence [5].

Group 1 - The introduction of the "Housing Rental Regulations" aims to standardize rental activities and promote high-quality development in the housing rental market, marking a significant step towards establishing a dual housing system of purchase and rental [2] - Central Huijin's investment of 200 billion yuan in 10 broad-based ETFs during Q2 is expected to boost market confidence and support A-shares, particularly after the recent market fluctuations [3] - The construction of 14 major projects in China, with a total investment of 136.2 billion yuan, indicates a critical bidding window in the next 3-5 years, as the controlled nuclear fusion sector enters a phase of intensive infrastructure development [4] Group 2 - The National Energy Administration reported a 5.4% year-on-year increase in total electricity consumption in June, indicating strong domestic electricity demand and potential growth in related power generation capacities [5] - The upcoming World Robot Conference and World Humanoid Robot Games in Beijing are expected to showcase advancements in robotics, potentially driving investment opportunities in the humanoid robot sector [5] - UBS's analysis suggests that the "anti-involution" policies may lead to improved supply-demand relationships and enhanced corporate profitability, with a focus on industries like new energy vehicles and solar energy [6][8] Group 3 - The report highlights that stock prices typically respond positively to incremental policies, with significant outperformance observed in related sectors during the initial phases of policy implementation [6] - The initial correlation between stock prices and commodity prices tends to decouple over time, with significant price increases observed in commodities during capacity reduction efforts [7] - The distinction between "anti-involution" measures and supply-side reforms suggests that current adjustments may be more market-driven, focusing on emerging industries dominated by non-state enterprises [8] Group 4 - The construction materials, building decoration, and steel industries have shown the highest growth rates recently, indicating strong performance in these sectors [24] - The mechanical equipment, construction materials, and electric equipment sectors have seen significant net capital inflows, reflecting investor interest and confidence in these areas [26] - The recent changes in market turnover and trading volume suggest a dynamic shift in investor behavior and sector performance, with notable fluctuations in the TMT and cyclical sectors [31]