On August 28, various departments such as the Ministry of Housing and Construction, the Central Bank, the General Administration of Financial Supervision, and the Securities Regulatory Commission issued a series of documents introducing a package of measures on commercial housing sales systems and credit management, etc., which attracted great attention from the industry. Meanwhile, since August, core cities such as Beijing and Shanghai have also successively issued property market policies, covering various fields such as provident funds and down payment ratios. “On August 28, a series of new policies carried out top-level design and system restructuring from the entire chain of sales systems, credit rules, capital supervision, financing systems, and land supply rules. In an era of significant changes in the development of supply and demand, the institutional foundation for a new real estate development model was established. The series of supporting systems aims to break away from the past 'high leverage, high turnover, and high debt' development model, promote the transformation of real estate enterprises, and adapt to the new situation of real estate development. It is also an important measure for supply and demand to work in both directions and adjust countercyclically.” On August 30, Zhao Xiuchi, dean of the Beijing-Tianjin-Hebei Real Estate Research Institute of Capital University of Economics and Trade and vice president of the Beijing Real Estate Law Society, said in an exclusive interview that the recent demand-side policies of cities such as Beijing and Shanghai combined with a package of new national policies will boost market confidence and reverse market pessimism. It is not only a sign of a shift to a new real estate development model. Lowering down mortgage payments, extending loan terms, etc. will lower the financial threshold for home buyers and enter the market, reduce the burden on buyers, promote the early entry of demand and demand for improved housing, thereby balancing the relationship between supply and demand, and promoting the property market to stop falling and stabilize.

On August 28, various departments such as the Ministry of Housing and Construction, the Central Bank, the General Administration of Financial Supervision, and the Securities Regulatory Commission issued a series of documents introducing a package of measures on commercial housing sales systems and credit management, etc., which attracted great attention from the industry. Meanwhile, since August, core cities such as Beijing and Shanghai have also successively issued property market policies, covering various fields such as provident funds and down payment ratios. “On August 28, a series of new policies carried out top-level design and system restructuring from the entire chain of sales systems, credit rules, capital supervision, financing systems, and land supply rules. In an era of significant changes in the development of supply and demand, the institutional foundation for a new real estate development model was established. The series of supporting systems aims to break away from the past 'high leverage, high turnover, and high debt' development model, promote the transformation of real estate enterprises, and adapt to the new situation of real estate development. It is also an important measure for supply and demand to work in both directions and adjust countercyclically.” On August 30, Zhao Xiuchi, dean of the Beijing-Tianjin-Hebei Real Estate Research Institute of Capital University of Economics and Trade and vice president of the Beijing Real Estate Law Society, said in an exclusive interview that the recent demand-side policies of cities such as Beijing and Shanghai combined with a package of new national policies will boost market confidence and reverse market pessimism. It is not only a sign of a shift to a new real estate development model. Lowering down mortgage payments, extending loan terms, etc. will lower the financial threshold for home buyers and enter the market, reduce the burden on buyers, promote the early entry of demand and demand for improved housing, thereby balancing the relationship between supply and demand, and promoting the property market to stop falling and stabilize.