摩根大通发表研究报告指，在刚过去的全国人大常委会会议上，房地产行业并没有任何政策或方向上的增量改变。然而，该行相信政府更渴望稳定市场，因此市场仍将密切关注政府当局如何加快去库存的进度。对于去库存的总资金规模，该行认为政府的策略很可能是“动态调整”(dynamic adjustment)，即在趋势恶化时增加支持，但在趋势稳定时减少支持。然而，该行预计每年的规模将介乎5,000亿至1万亿人民币。除购买存货外，如果房价再次出现大幅回调，中国或会有更多支持需求的政策，如加快城中村改造的现金补偿及放宽一线城市的购房限制等。
摩通预期内房(特别是民企)短期内会得到喘息，该行会在回调时买入优质国企，如华润置地(01109.HK) 、中国海外(00688.HK) 、华润万象生活(01209.HK) 及保利物业(06049.HK) 。(sl/da)(港股报价延迟最少十五分钟。沽空资料截至 2024-11-08 16:25。)
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