J P M O R G A N Karl Chan AC (852) 2800-8513 karl.chan@jpmorgan.com Venus Choi (852) 2800-8599 venus.choi@jpmorgan.com J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited See page 11 for analyst certification and important disclosures, including non-US analyst disclosures. Asia Pacific Equity Research 14 October 2026 China Property Expert call takeaways on Golden Week & market/policy outlook Following the Golden Week & the recent policies on mortgage subsidies (report) & p ...