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Zhuhai state-owned enterprises have also joined the stockpiling camp in a big way.

Last weekend, China Resources Land Development (600325.SH) announced that it plans to engage in existing commercial housing and supporting parking space trading business with its controlling shareholder China Resources Land Group or its subsidiaries, with the total transaction amount not exceeding RMB 12 billion.

Among them, Huafa Group is a local state-owned enterprise in Zhuhai. Zhuhai State-owned Assets Supervision and Administration Commission holds 93.51% of the company's shares, and Guangdong Provincial Department of Finance holds another 6.49% of the shares.

Huafa Group stated that this transaction was intended to actively respond to the work arrangements of the Third Plenary Session of the 20th CPC Central Committee on "accelerating the establishment of a housing system that promotes both rental and purchase, and accelerating the construction of a new model of real estate development", helping Zhuhai to accelerate the structural reform of the housing rental supply side, effectively increase the supply of affordable, talent and commercial rental housing, build a new housing system that promotes both rental and purchase, and improve the "market + security" housing supply system.

According to the announcement, the transaction methods between the two parties include but are not limited to the direct sale of commercial housing and the sale of equity in real estate project companies; the transaction price will be determined based on the asset appraisal report issued by an asset appraisal company with relevant qualifications, and the final transaction price will be determined and a formal contract will be signed.

Prior to this, Huafa Group had already started trial work on storage with Huafa Group.

On August 1, Huafa Group announced that it would transfer the existing real estate under the name of Huaben Company to Zhuhai Anju Group by transferring 100% equity of its wholly-owned subsidiary Zhuhai Huaben, with a transaction price of approximately RMB 265.5629 million. Among them, Huafa Group holds 100% equity of Zhuhai Anju Group and is an affiliated company of Huafa Group.