Core Viewpoint - The first stock real estate reserve fund project in China has been signed and launched in Zhuhai, with a total fund size of 20 billion yuan aimed at stabilizing the real estate market and supporting high-quality development in the region [1][5]. Group 1: Strategic Cooperation - Zhuhai Huafa Group and China Cinda Asset Management have signed a strategic cooperation agreement along with a 20 billion yuan stock real estate reserve fund agreement [1][3]. - The fund will be jointly operated by Zhuhai Anju Group and Huajin Asset Management in collaboration with China Cinda's Guangdong branch [1][5]. Group 2: Fund Objectives and Operations - The stock real estate reserve fund adopts an innovative model of "government guidance + market operation," focusing on stabilizing the market, benefiting people's livelihoods, and promoting development [5]. - The initial focus will be on Zhuhai, with plans to acquire quality stock residential properties to alleviate liquidity pressure on real estate companies and stabilize the regional market [5]. Group 3: Housing Solutions - Acquired properties will be transformed into affordable housing, talent housing, and market-oriented rental housing to meet diverse living needs of low- and middle-income families, industry talents, and new citizens [5]. - The project aims to enhance the housing security system and promote related industry development, creating more job opportunities and increasing the city's talent attraction [5]. Group 4: Regional Development and Collaboration - China Cinda aims to actively participate in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with Zhuhai as a key support area [5][6]. - The collaboration is seen as a significant step in implementing the national strategy for the Greater Bay Area, with both companies leveraging their financial and industrial capital advantages to provide innovative solutions for urban renewal and industrial upgrading [6].