On May 7th, Huatai Securities Research Report pointed out that as we enter the second quarter, the incremental policy window for the real estate industry is gradually opening. Combined with more proactive macro policies and more proactive fiscal policies, we need to pay attention to the pace of implementing practical policies in the future. Looking ahead, considering the greater policy flexibility in first tier cities, we are more optimistic about the recovery pace of core cities represented by first tier cities, as well as the valuation restoration of real estate companies with reserves or newly acquired resources in corresponding regions.
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