Shanghai unveils new property market measures, multiple real estate stocks hit daily limit in afternoon trading

Macro
โดย 21世纪经济·CN·Read original
Summary · why it matters

On August 20, the A-share real estate development sector was active in the afternoon, with multiple stocks including Shanghai Chengtou Holding and Fuxing Shares hitting their daily limit up, while Rongan Property, Cinda Real Estate, and Gemdale Corporation followed higher. On the news front, 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 August 21, 2026. It mainly includes eight policy measures across five areas: optimising housing provident fund withdrawals, optimising personal housing credit, implementing trade-in home purchase subsidies, promoting housing voucher resettlement, and advancing the acquisition of second-hand homes. Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute, said the policy further reflects support for residents' rigid and improvement housing demand and plays a positive role in consolidating the market's stable and improving trend. Earlier on August 7, Beijing had issued a notice on optimising real estate policies, covering seven measures in three areas: optimising housing purchase restrictions, improving housing gift policies, and increasing housing provident fund support. At the national level, the State Council's decision to amend the Housing Provident Fund Management Regulations has been announced, effective from September 20, 2026, expanding provident fund withdrawal scenarios from six to nine. Huatai Securities believes that the increase in provident fund loan limits will drive demand for low-total-price housing to shift from renting to buying, and if structural interest rate cuts on provident funds occur in the future, it will further help stabilise the market.

Impact on stocks 7

Others▲ · 7 stocks
Rongan Property Co Ltd
000517
▲ PositiveRegulationrelevance

Rongan Property benefits from Shanghai's new property measures and supportive policies.

Gemdale Corp
600383
▲ PositiveRegulationrelevance

Shanghai's new property measures and national provident fund changes support housing demand, benefiting Gemdale as a real estate developer.

Cinda Real Estate Co Ltd
600657
▲ PositiveRegulationrelevance

Cinda Real Estate gains from Shanghai's property market stimulus and provident fund expansion.

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