Glonghui, May 10 | Beijing Construction (0925.HK) surged more than 28% to HK$0.045 in the intraday session today, and its stock price hit a record high of nearly 8 months since September 15, 2023. According to Beijing Construction's official website, the company has successively invested in residential, commercial, logistics and industrial real estate projects using the “finance, investment, management, and withdrawal” business model, and has launched the food supply chain business as a new business. In terms of housing, key cities such as Hangzhou and Xi'an have been easing housing purchase restrictions one after another. CITIC Construction Investment expects the formation of a pattern where first-tier city regulation policies are optimized to main urban areas and second-tier cities completely abolish purchase restrictions. In terms of logistics, the total amount of social logistics in the first quarter of 2024 was 88 trillion yuan. At comparable prices, the year-on-year increase was 5.9%. The growth rate was 0.5 percentage points faster than the fourth quarter of the previous year, and an increase of 2 percentage points over the same period last year. The total amount of social logistics has continued the positive trend of recovery since the previous year, and the overall level of recovery has been rising steadily.