Citic Sec stated that the fundamentals of the real estate industry are still at a low level, and the development prosperity continues to decline. Currently, the performance of second-hand houses and new houses in China's real estate market is significantly deviating. The performance of core cities is deviating from that of lower-tier cities, and there may be a deviation between house price performance and development investment prosperity performance in the future. It is bullish on the prospect of further release of demand in core cities and promoting structural recovery of the market under policy guidance, recommending actively disposing of nonperforming assets, highly focusing on core cities, and enterprises with smooth financing channels and development capabilities.
中信证券：看好核心城市在政策推动下进一步释放需求推动市场结构性复苏的前景
Citic Sec: bullish on the prospect of further release of demand in core cities and promoting structural recovery of the market under policy guidance.
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