According to "The Big Banks," CMB International expects stable development in the mainland housing market this year and continues to be optimistic about Runhua and YUEXIU PROPERTY

According to a research report by Jiangyin International, based on preliminary data from CRIC, the total sales of the top 100 developers in mainland China in December last year increased by 39.5% month-on-month to RMB 340.9 billion from RMB 244.4 billion in November. The sales of 20 major listed developers tracked by the bank increased by 48.2% month-on-month in December, mainly due to the outstanding performance of leading state-owned enterprises. Among the top 10 developers ranked by sales in December, 9 were state-owned enterprises, with Poly Developments (600048.SH) ranking first.

Jiangyin International still expects that the demand in the secondary market for domestic housing will continue to improve and outperform the primary market, while the new housing market will remain basically stable, with smooth development expected. They believe that buyers will continue to prefer state-owned enterprise projects. They remain optimistic about China Resources Land (01109.HK) and YUEXIU PROPERTY (00123.HK), believing that these two companies have performed excellently in sales over the past few years and have stronger execution capabilities in sales; both are rated "Buy."