China and New Zealand join hands again, Chongqing ushered in new opportunities

With its unique geographical advantages of connecting the east and the west and connecting the north and south, Chongqing has become an important strategic fulcrum of the Silk Road Economic Belt, the western central hub of the Yangtze River Economic Belt, and the strategic hinterland of the Maritime Silk Road. During General Secretary Xi's state visit to Singapore, the Chinese and Singapore governments jointly issued a "China-Singapore statement", proposing to build a "China-Singapore strategic connectivity demonstration project", with Chongqing as the project operation center. take financial services, aviation, transportation logistics and information and communication technology as key areas of cooperation, with "modern connectivity and modern service economy" as the theme In line with the "Belt and Road Initiative", the large-scale development of the western region and the development strategy of the Yangtze River economic belt, a cooperation network will be formed to promote the development of the western region. Chongqing ushered in a historical opportunity. China and New Zealand are jointly building, and the development is expected to accelerate.

Relying on Chongqing, the development of Chongqing is expected to stimulate new vitality

Chongqing has a strong economic growth momentum and a healthy and stable real estate market: the economic growth rate of ① ranks first in the country by 11% in 2014, and the compound growth rate of 15.8% in the past five years is much higher than the national level. The growth rate of import and export trade and profits of industrial enterprises are among the best, and the industrial structure is constantly improving, showing good economic vitality. The ② real estate market is healthy and stable: since 2012, the average monthly sales number has been maintained at about 22000 units, and the growth rate of sales area in the past two years is better than the national level; the average house price fluctuates within the range of 6400 to 7,000 yuan, and the price-to-income ratio is only 7.0in 2014, ranking 25th, lower than the average price-to-income ratio of 35 large and medium-sized cities. Chongqing Development, as a veteran housing enterprise in Chongqing, has obvious comprehensive cost advantages, sound operation and strong anti-risk ability. At present, it has a total construction area of about 1.6 million square meters, which can ensure steady development in the next 3-5 years. In early 2015, the company issued a major asset restructuring plan, which was approved by Chongqing SASAC and the company's shareholders' meeting, but was rejected by the CSRC because of problems with the profits of the assets collected. However, at present, the shareholding proportion of major shareholders is relatively high (63.2%), the reform of mixed ownership is under great pressure and motivation, and the expectation of restructuring is still there. It is expected to use the national reform to stimulate new vitality, meet historical opportunities, and achieve great-leap-forward development.

Coverage for the first time, giving a "buy" rating

With the joint efforts of China and New Zealand, continuous policy support and historical opportunities, Chongqing is expected to maintain the momentum of strong growth and achieve great-leap-forward development. The development of Chongqing, as an established state-owned enterprise in Chongqing, is expected to take advantage of the wind of "national reform" to realize "free cage for birds", stimulate new vitality, and comprehensively seize the good opportunity of the rise of the city to enhance its value. It is expected that 15-17 EPS0.06/0.23/0.27 yuan, covered for the first time, will be given a "buy" rating.