According to the latest news, the government plans to use huge amounts of money to purchase commercial housing and transform it into affordable rental housing. The market generally believed that this news was credible, which led to a surge in real estate bonds. Vanke's increase reached +7%, and Ke's real estate bonds also rose +6%. According to an official announcement, the Lin 'an District Government of Hangzhou plans to invest in the purchase of commercial housing to transform it into public rental housing, requiring each suite to not exceed 70 square meters and must be equipped with parking spaces. According to the latest data, the national inventory of new homes is 7realvideopoker.50 million square meters, the government needs to spend 3.4 trillion yuan to realize the acquisition task. This move may lead to an increase in rents and an increase in the cost of living. The A-share market was sluggish today, with turnover of only 760 billion yuan, with securities firms falling the most. Affected by the additional tariffs, the medical, vehicle and photovoltaic sectors fell significantly. The United States released April CPI data, and inflation was in line with expectations. Coupled with Powell's dovish remarks, interest rate cuts were expected to be advanced again. The exposure of the internal corruption case in Ali has attracted public attention. A shares may rebound tomorrow, so stay tuned.
