“I saw the file as soon as it came out. To be honest, I was very moved when I read Article 26. This article says — for existing personal housing loan borrowers that have difficulties in repayment due to phased loss of sources of income, banking financial institutions can independently negotiate with borrowers in accordance with the principles of marketization and legalization, and flexibly adjust repayment plans by reasonably delaying repayment times, loan rollover, and delaying principal repayment.” On August 29, Meng Xiaosu, founder of the China Real Estate Index System and former head of the National Housing Reform Research Group, lamented in an exclusive interview, “I've been calling for a full two years for this passage. Over the past two years, I've been running around and making repeated suggestions. Today, at last, it was written into the national document”. On August 28, the People's Bank of China and the General Administration of Financial Supervision jointly issued “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development”. Section 26 contains 89 words. It is clear from the institutional level that borrowers with phased income interruptions can negotiate with banks to defer repayments, extensions, etc. “My appeal was written into national policy, sentence by sentence. A deferred repayment period is what I'm talking about. A loan extension is what I'm talking about with a deferred interest-rate loan. Delayed repayment is what I meant by “taking a breath of relief,” and none of them are missing. The country heard it, and the policy changed.” Meng Xiaosu said.

“I saw the file as soon as it came out. To be honest, I was very moved when I read Article 26. This article says — for existing personal housing loan borrowers that have difficulties in repayment due to phased loss of sources of income, banking financial institutions can independently negotiate with borrowers in accordance with the principles of marketization and legalization, and flexibly adjust repayment plans by reasonably delaying repayment times, loan rollover, and delaying principal repayment.” On August 29, Meng Xiaosu, founder of the China Real Estate Index System and former head of the National Housing Reform Research Group, lamented in an exclusive interview, “I've been calling for a full two years for this passage. Over the past two years, I've been running around and making repeated suggestions. Today, at last, it was written into the national document”. On August 28, the People's Bank of China and the General Administration of Financial Supervision jointly issued “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development”. Section 26 contains 89 words. It is clear from the institutional level that borrowers with phased income interruptions can negotiate with banks to defer repayments, extensions, etc. “My appeal was written into national policy, sentence by sentence. A deferred repayment period is what I'm talking about. A loan extension is what I'm talking about with a deferred interest-rate loan. Delayed repayment is what I meant by “taking a breath of relief,” and none of them are missing. The country heard it, and the policy changed.” Meng Xiaosu said.