Lates News

JPMorgan Chase published a research report pointing out that the current situation indicates that the recent relaxation of real estate measures in first-tier cities may have limited impact, and the possibility of policymakers increasing policy support is rising. As seen in the past, the expectation of policy increase usually drives stock prices up, so JPMorgan sees a tactical opportunity before the end of the year. In fact, expectations have been accumulating, as China's real estate performance has outperformed the broader market by 2% since July 2025. JPMorgan believes that the best risk-return is in distressed private enterprises (Longfor Group) and small to medium-sized state-owned enterprises (China Jinmao and China Overseas Property). For investors who prefer large state-owned enterprises, JPMorgan's top picks based on fundamentals are China Resources Land and China Resources Mixc Life, but China Overseas Development, as a lagging performer, may offer more upside potential. If simply benchmarked against the peak in October 2024, the industry may have 15% to 20% upside potential.