Guotai Junan published an article stating that using state-owned land use rights concession revenue and commercial housing sales as representative indicators of the industry's land acquisition and sales scale, the decline in the scale of land acquisition from 2021 to 2023 is slower than the sales scale, which means that the market still maintained a certain level of land acquisition intensity during this period. Among them, in addition to supporting the land market by CITIC and the like, there is also some support from housing enterprises actively adding new land acquisitions to supplement liquidity. However, the above demand for land acquisition is expected to change as the planning and adjustment of stock projects progresses: Currently, there are three main types of planning and adjustment forms that have been implemented. Judging from the results, the results are good. The improved liquidity of stock projects helps housing enterprises remove inventory and risk. However, at the same time, it also means that the need for housing enterprises to supplement liquidity through additional land acquisitions in the future is weakening, which has an impact on the land market. Faced with this new variable, in the future, it is necessary to focus on tracking the willingness of housing enterprises to reinvest under the new circumstances of stock revitalization.

Guotai Junan published an article stating that using state-owned land use rights concession revenue and commercial housing sales as representative indicators of the industry's land acquisition and sales scale, the decline in the scale of land acquisition from 2021 to 2023 is slower than the sales scale, which means that the market still maintained a certain level of land acquisition intensity during this period. Among them, in addition to supporting the land market by CITIC and the like, there is also some support from housing enterprises actively adding new land acquisitions to supplement liquidity. However, the above demand for land acquisition is expected to change as the planning and adjustment of stock projects progresses: Currently, there are three main types of planning and adjustment forms that have been implemented. Judging from the results, the results are good. The improved liquidity of stock projects helps housing enterprises remove inventory and risk. However, at the same time, it also means that the need for housing enterprises to supplement liquidity through additional land acquisitions in the future is weakening, which has an impact on the land market. Faced with this new variable, in the future, it is necessary to focus on tracking the willingness of housing enterprises to reinvest under the new circumstances of stock revitalization.