On April 30, by 10:14 AM, leading real estate stocks experienced a sharp rise. The CSI 800 Real Estate Index, which represents the performance of leading A-share real estate companies, increased by 2.25%. Among its constituents, Quzhou Xin'An Development Co.,Ltd. hit the daily limit-up, Greenland Holdings rose by 4.76%, and Lujiazui Group advanced by 3.02%.
In terms of popular ETFs, the Huabao Real Estate ETF (159707), the only ETF in the market tracking the CSI 800 Real Estate Index, saw its on-market price climb by 1.94%. The trading volume reached 416.153 million yuan, with a net subscription of 28.5 million units.
The catalyst for this movement was a notice issued on April 29 by the Shenzhen Housing and Construction Bureau. Titled "Notice on Further Optimizing and Adjusting Real Estate-Related Policies in the City," it announced the relaxation of home purchase restrictions and adjustments to housing provident fund loan policies, effective from April 30, 2026.
Shenwan Hongyuan Securities expressed optimism regarding the value re-rating of high-quality real estate developers and commercial properties. Following a deep adjustment in China's real estate sector, the firm anticipates that the industry's fundamentals are gradually nearing a bottom. Core cities like Shanghai are expected to lead a stabilization and recovery this year. Recent repeated calls from the central government to "stabilize the real estate market," coupled with supportive statements from state media and successive relaxations of purchase restrictions in key cities like Beijing, Shanghai, and Shenzhen, indicate a more proactive policy stance.
The institution believes that, considering the significant optimization of the industry landscape following a deep supply-side contraction, high-quality developers are likely to experience an earlier and more resilient profit recovery. Current allocations to the sector are at a historical low, and the price-to-book (PB) ratios or absolute market capitalizations of some quality companies are at historically low levels, making the sector attractive.
For exposure to central state-owned enterprises and high-quality developers, the Real Estate ETF (159707) is recommended for focus. This ETF tracks the CSI 800 Real Estate Index, aggregating leading, high-quality real estate developers and offering a distinct concentration advantage towards top players. Its top ten holdings account for over 90% of the portfolio weight, with a high proportion of central state-owned enterprises. In the context of industry consolidation, leading real estate companies may demonstrate greater resilience.
Under the formation of a MACD golden cross signal, these stocks are performing well.