Galaxy Securities: Valuation of the real estate industry may usher in overall recovery.

Galaxy Securities research report pointed out that Shanghai introduced the "Shanghai Seven Regulations" after the Spring Festival; previously, Shanghai Pudong New Area, Jing'an District, and Xuhui District were the first to pilot the purchase of second-hand houses. The research report believes that residents' rigid and improvement housing demand is expected to be further released, and the real estate market is expected to gradually achieve stable and healthy development. As the industry gradually enters the high-quality development stage, industry valuation may see overall recovery, with leading real estate companies having the advantage of low financing costs and high market share in core areas, potentially achieving overall beta opportunities through valuation recovery.