The CITIC Securities Research Report said that since late September, various departments of the central government have jointly launched a package of incremental policies and measures to work together to push the economy to improve its structure and continue to improve its development trend. Looking ahead, CITIC Securities believes that the next policy will focus on how to “stop falling and stabilize” real estate. In terms of specific measures, in addition to financial instruments such as local special bonds and special treasury bonds, it is expected that more incremental instruments such as PSL will be introduced to inject incremental capital into the real estate market.

The CITIC Securities Research Report said that since late September, various departments of the central government have jointly launched a package of incremental policies and measures to work together to push the economy to improve its structure and continue to improve its development trend. Looking ahead, CITIC Securities believes that the next policy will focus on how to “stop falling and stabilize” real estate. In terms of specific measures, in addition to financial instruments such as local special bonds and special treasury bonds, it is expected that more incremental instruments such as PSL will be introduced to inject incremental capital into the real estate market.