Jianyin International published a report indicating that, according to the National Bureau of Statistics, the real estate market in china showed significant improvement in October, narrowing from a year-on-year decline of 16.3% in September to 1% in October, thanks to strong policy support implemented in September and October. Month-on-month, sales in the silver month decreased by 12.9% compared to the golden month. As of October, real estate sales fell by 20.9%, with sales area dropping by 15.8% and average price decreasing by 6.1%. The significant improvement in nationwide sales in October is consistent with the industry data released by the China Index Academy. Analyzing by city tier, the recovery in sales for first, second, and third-tier cities is also evident, increasing by 22% year-on-year, decreasing by 15%, and increasing by 10%, respectively, and month-on-month growth of 65%, 19%, and 48%. The contracted sales announced by developers recovered from a 43% drop in September to a 1% increase in October, which better reflects the warming signs of sales in October. According to data from the China Index Academy, sales in November are expected to maintain a recovery trend.

For investors hoping to take advantage of favorable policies, the bank strongly recommends china overseas, longfor group, and greentown china, all rated as "outperforming the market," with target prices of 21, 17.5, and 12 Hong Kong dollars, respectively. The bank expects the fundamentals of these companies to improve in the next three to six months as the market recovers.