The Zhitong Finance App learned that property management stocks rose with domestic housing stocks in early trading. As of press release, Shimao Services (00873) rose 17.52% to HK$1.14; Greentown Services (02869) rose 16.95% to HK$4.83; Times Neighborhood (09928) rose 10.71% to HK$0.62; Wanwuyun (02602) rose 8.05% to HK$215.5; and Poly Industries (06049) rose 8.04% to HK$35.6.

According to the news, Lin'an, Hangzhou is buying commercial housing for public rental housing. Many industry experts believe that although Hangzhou chose Lin'an, which is not a central area, as the implementation area of the policy, its impact is still very significant. It is expected that more cities may follow the example of Hangzhou in the future to launch pilot projects. Some analysts also said that state-owned real estate property management companies are expected to benefit from the government's acquisition of stock housing.

CITIC Securities pointed out that it is optimistic about the investment prospects of the real estate industry chain and recommends real estate companies with core resource reserves and good development capabilities; it recommends property service companies with credible corporate governance and continuous cash inflows. Societe Generale Securities previously indicated that the valuations of high-quality state-owned real estate property management companies have been adjusted to an attractive level. While maintaining financial security and soundness, these companies have solid performance and generous dividends. We recommend high-quality state-owned real estate property management companies.