Jinwu Financial News | Mainland property management stocks rose 10.71%, Greentown Services (03662) rose 10.71%, Greentown Services (02869) rose 9.93%, Shimao Services (00873) rose 7.22%, Wanwuyun (02602) rose 4.24%, and China Resources Vientiane Life (01209) rose 4.14%.
CITIC Securities said that China's real estate may have five ways to absorb existing housing stock, namely 1) promoting the recovery of market transactions, 2) buying vacant commercial housing by state-owned platforms, 3) encouraging enterprises and institutions to buy stock housing in batches, 4) buying residents' stock housing in trade-in places, and 5) optimizing stock project planning. These routes have all been initially verified by local authorities, and it is expected that they will gradually be promoted in the future.
The bank is optimistic about the investment prospects of the real estate industry chain and recommends real estate companies with core resource reserves and good development capabilities; it recommends property service companies with credible corporate governance and continuous cash inflows, such as China Resources Vientiane Life and Greentown Services.