The Zhitong Finance App learned that domestic housing stocks had the highest gains. As of press release, Greentown China (03900) rose 7.49% to HK$5.815; C&D International Group (01908) rose 4.73% to HK$13.07; China Resources Land (01109) rose 4.00% to HK$30.68; and Vanke Enterprise (02202) rose 3.98% to HK$2.35.

According to news, on October 21, Shiyan City introduced the “8.28” new real estate policy rules, becoming the first third- and fourth-tier city to implement the new policy, and the 9th city in the country to introduce implementation rules. The China Index Research Institute believes that Shiyan, as the first third- and fourth-tier city to introduce rules, gives more room for policy flexibility, and also provides reference for more cities with lower energy levels.

Orient Securities pointed out that compared with other Tier 1 and 2 cities that have introduced rules, Shiyan has shown differentiated arrangements in terms of transition project arrangements, construction requirements, etc., providing more room for relaxation. It is currently the only city that allows some transition projects that have not obtained a pre-sale license to be loaned according to the old regulations, and it is also the only city that has formulated terms to reduce deployment and construction requirements. In the future, the implementation of high-inventory and low-energy cities may become more flexible, and the market can further lower expectations of the negative impact of the new policy on housing enterprises.

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