Citi's analyst rating is based on a significant year-on-year increase in secondary home transactions during the May Day Golden Week in Mainland China, with many cities showing strong growth. The report highlights a recovery in the property market supported by easing policies in 16 cities, leading to improved market confidence. The bank expects this positive momentum to continue into the second half of 2026, prompting an upgrade of the sector view to 'Positive' and the selection of stocks with strong sales growth.
