Stock market anomaly | Real estate sudden positive news! Fangdd Network Group Ltd. (DUO.US) rises over 12%

Zhixin Finance APP learned that on Monday, Chinese real estate stocks rose, with Fangdd Network (DUO.US) up over 12% to $1.635 and KE Holdings (BEKE.US) up over 2% to $18.94. In terms of news, there was a sudden positive development in the real estate sector. Today, the Shanghai Municipal Housing and Urban-Rural Development Commission, the Municipal Housing Management Bureau, and six other departments jointly issued the "Notice on Optimizing and Adjusting the City's Real Estate Policy Measures", involving adjustments to housing purchase restrictions, housing provident fund, housing credit, housing taxation, and other areas. The new policy will take effect on August 26, 2025. Among them, the purchase restrictions policy has undergone major adjustments. Eligible families can purchase an unlimited number of homes outside the outer ring road; single adults will be subject to the same housing purchase restrictions as resident families; the housing provident fund account can be used for down payments; and commercial loan interest rates will no longer distinguish between first and second homes.