Zitong Financial APP learned that Credit Suisse issued a report saying that several mainland cities, including Xi'an, Shanghai and Hangzhou, announced policies to support the property market to reduce the cash flow pressure on developers, including measures to offer more favorable terms for land sales, while Wuxi took an aggressive stance and announced more comprehensive measures.

The bank said that the inner housing sector has rebounded by 8% since the beginning of the month, outperforming the Hang Seng Index over the same period. It is believed that with the arrival of more positive news, it will improve market sentiment and push the sector to rebound. The bank said it believes that Sunac China (01918) and Hop King Pacific (01813) have more catalysts for stronger performance in fiscal year 2019, while it also prefers Xuhui Holdings (00884), which its current valuation is attractive.