Shanghai SMI Holding Co Ltd

Shanghai has introduced eight measures for the property market, triggering a sharp afternoon rally in the real estate sector, with Shanghai Urban Investment Holdings quickly hitting the daily limit up. Six departments including the Shanghai Municipal Commission of Housing and Urban-Rural Development and Management jointly issued the Notice on Optimising the City's Real Estate Policy Measures, effective from 21 August 2026. The measures cover five areas and eight specific policies, including optimising housing provident fund withdrawals, improving personal housing credit, implementing trade-in purchase subsidies, promoting housing voucher resettlement, and advancing the acquisition of second-hand homes. Boosted by the news, Beijing Infrastructure Investment and Development briefly touched the daily limit up, while Fuxing Shares, Rongan Real Estate, and Yatong Co. also rose.