Original title: CITICAccelerated progress of credit reconstruction in the real estate industry is optimistic about high-credit real estate enterprises source: Securities Times e Co., Ltd.

Securities Times e Company News, CITIC said on September 15, the real estate industry credit restructuring accelerated progress, individual enterprises passively left, the development of some enterprises is limited. CITIC believes that the credit risks of some companies are exposed, it is difficult to become the end point of credit tightening in the industry, but will become the starting point of new credit risks. Under the background that house prices tend to fall, investors are advised to maintain confidence in the ability and strength of the policy. The goal of counter-cyclical regulation is not to promote the simple repetition of history, but to really promote the clearing of production capacity (some enterprises actively or passively withdraw from the historical stage). Optimistic about the development prospects of high-credit real estate enterprises (especially state-owned enterprises with outstanding capabilities).