The relaxation of purchase restrictions in the new Hong Kong area is mainly aimed at "talent", not a loose signal of the industry; in addition to shortening the social security payment period from five years to three years, non-Shanghai singles have also been granted the possibility of buying a house.Shanghai Lingang(600848.SH) there is no project of "new area of Shanghai Free Trade Zone" in this target, and the relevant assets are in the body of its parent company and are not loaded into the listed company.

Risk Tip: policy tightening exceeds expectations and sales decline exceeds expectations.