J.P. Morgan Chase released a research report saying that the preliminary sales data for the mainland housing market during the National Day Golden Week is encouraging. Real-time second-hand transactions in 26 cities increased 59% year over year, while house viewing volume in 44 cities increased 16% year over year, and new home subscriptions increased 15% year over year. The bank believes that the real problem is sustainability after one to two months. China Resources Land, China Overseas Development, and Seashell-W are still the first choices.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.