1、 Disclosures&Disclaimer This report must be read with the disclosures and the analyst certifications in the Disclosure appendix,and with the Disclaimer,which forms part of it.Issuer of report:The Hongkong and Shanghai Banking Corporation Limited View HSBC Global Investment Research at:https:/ Listen

2、 to our insightsFind out moreHSBCGlobal InvestmentResearchPodcasts Shenzhen is the next tier-1 city to relax home purchase restrictions,following recent loosening in Beijing and Shanghai The MIIT proposed an“anti-involution”plan for the electronic information sector,with 9 more sectors likely to fol

3、low China rolled out a 20-point guideline to boost sports consumption Property:Shenzhen,another tier-one city,eased home-buying rules After Beijing and Shanghai relaxed home-purchasing rules recently(China Macro Tracker,27 August),Shenzhen,on Friday,became the next tier-1 city to implement property

4、easing measures during this round(Xinhua,5 September).The city lifted home purchase restrictions across six districts including Luohu,Baoan,and Longgang(non-core areas)for both local families as well as those without“hukou”(household registration)but who have paid social security or individual incom

5、e tax for at least one year.Banks also will no longer differentiate between first and second home prices with regard to mortgage rates pricing similar to Shanghais policy.The latest round of optimisation measures may provide some marginal support,especially as primary home sales in tier-1 cities hav

6、e been below last years levels(chart 14),and may lead to further easing in other cities.Some local realtors have reported a boost in viewings of 10%since the easing measures were announced(Yicai,8 September).Nonetheless,more significant steps may still be needed to stabilise the sector which has sho