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the real estate sector strengthened again during trading on the 20th. as of press time, electronics city and dalong real estate hit their daily limit, zhangjiang hi-tech rose more than 7%, and xinhualian, china communications construction real estate, and chongqing development rose more than 5%.

it is worth noting that electronic city has been trading at the daily limit for four consecutive trading days. the company reminded last night that the company's stock price has risen sharply in the short term, and reminded investors to invest rationally, make prudent decisions, and pay attention to preventing investment risks. after self-examination, the company's current production and operation activities are normal, the internal and external operating environment and main business have not changed significantly, and there is no major information that should be disclosed but has not been disclosed. no media reports or market rumors that may or have affected the company's stock trading price were found, and no hot concept issues were involved.

the company currently operates dozens of technology spaces and technology innovation service projects. facing a complex and severe market environment, the company's operations face many challenges. the demand for industrial park space has shrunk significantly, the market has not met expectations, and there is great pressure on industrial investment and disposal. at the same time, the company's business is still in the stage of transformation to technology city renewal services, technology industry services, information and digital services, and the new business has not yet made a large contribution to the company's revenue and profits.

in terms of industry, since august, the purchase restriction policies in cities such as chengdu and changsha have continued to be optimized, and the cost of buying houses in various places has continued to fall. the average commercial loan interest rate for the first set of 30 key cities tracked by cric is 3.21%, down 0.6-0.7 percentage points from the beginning of the year. under the low base effect, the cumulative decline in sales data from the national bureau of statistics has continued to narrow since june.

kaiyuan securities pointed out that entering the traditional sales peak season in september, the market heat may continue to pick up, but the contraction of land acquisition by mainstream real estate developers in the first half of the year may affect the scale of supply and sales recovery. it is expected that under the low base effect, the decline in real estate sales will continue to narrow, and a number of destocking policies are expected to help the housing market bottom out and stabilize. we continue to be optimistic about strong credit real estate developers with high investment intensity, excellent regional layout, and market-oriented mechanisms. recommended targets: (1) high-quality central state-owned enterprises such as poly developments, china merchants shekou, china overseas land & investment, c&d holdings, and yuexiu real estate; (2) financially sound private enterprises and mixed-ownership enterprises such as vanke a, greentown china, binjiang group, and new town holdings.