Zhongyoubuk Securities: The policy of debt-for-equity swaps continues to intensify, focusing on industries such as waterproofing and cement with strengthened expectations for domestic demand.

China Post Securities released a research report stating that domestic demand is expected to strengthen, and attention should be paid to industries such as waterproofing and cement. With the increase in credit policies and overseas interest rate cuts, the expectation of domestic demand strengthening is continuing to grow. Attention should be focused on the waterproofing, cement, and float glass industries, which are expected to significantly benefit from improved repayment logic and are still at the bottom of their business cycle.