On December 16th, Gelonghui reported that Citibank issued a research report indicating that China recently held a central economic work conference. Regarding the real estate market, the central government continues to promote a stabilization and recovery in the domestic housing market; enhance urban renewal efforts; fully release housing and upgrading demand; control land supply, activate existing land or non-residential properties; and establish new development models among other policies. Citibank mentioned that the valuation of the domestic real estate Sector seems to be supported by multiple bullish fundamental factors, believing that the supportive policies for the real estate market in mainland China are developing in the right direction, but it will take time. The industry’s top picks are KE Holdings, CHINA RES LAND, and GREENTOWN CHINA.