According to the CITIC Construction Investment Research Report, the five departments of the Ministry of Housing and Construction, the Ministry of Natural Resources, the General Administration of Financial Supervision, the Central Bank, and the Securities Regulatory Commission made simultaneous efforts to issue 3 documents and 5 supporting credit documents, covering the entire chain of commercial housing sales, credit, financing, and capital market support. The basic real estate system has ushered in major adjustments. In the short term, an increase in the threshold for sales and pre-sale of existing homes will lead to a phased contraction in the supply of new homes and phased pressure on housing companies' capital; however, in the medium to long term, “what you see is what you get”, closed loop capital, and project-based financing will fundamentally avoid the risk of failure, and core city transactions are expected to take the lead in stabilizing under the dual effects of policy catalyst and institutional dividends.
Zhitongcaijing·08/31/2026 00:09:09
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According to the CITIC Construction Investment Research Report, the five departments of the Ministry of Housing and Construction, the Ministry of Natural Resources, the General Administration of Financial Supervision, the Central Bank, and the Securities Regulatory Commission made simultaneous efforts to issue 3 documents and 5 supporting credit documents, covering the entire chain of commercial housing sales, credit, financing, and capital market support. The basic real estate system has ushered in major adjustments. In the short term, an increase in the threshold for sales and pre-sale of existing homes will lead to a phased contraction in the supply of new homes and phased pressure on housing companies' capital; however, in the medium to long term, “what you see is what you get”, closed loop capital, and project-based financing will fundamentally avoid the risk of failure, and core city transactions are expected to take the lead in stabilizing under the dual effects of policy catalyst and institutional dividends.