Zhongjin: The Beijing and Shanghai real estate markets are gradually approaching a turning point.

The research report of CICC (China International Capital Corporation) stated that the current real estate cycle adjustment has lasted for over four years. Combining recent changes in the supply side and policy side, CICC believes that the property market in Beijing and Shanghai is expected to stabilize this year. The real estate sector may gradually enter a beta market trend. It is recommended that investors grasp three types of investment strategies based on risk preference: 1) allocate to stable targets with obvious beta characteristics; 2) allocate to structural growth in real estate development, targets with strong product capabilities and high inventory quality, and targets with deep valuation discounts and potential elasticity; 3) some private enterprises return to the "table" and achieve significant revaluation under oversold valuation.