Supply and demand work together to stabilize the real estate market.

The recent Central Economic Work Conference clearly stated the need to "focus on stabilizing the real estate market." Officials from the Central Finance and Economics Office further explained that efforts will be made to stabilize the market from both the supply and demand sides. On the demand side, more targeted measures will be taken to fully unleash residents' rigid and improvement demand. Since the beginning of this year, various regions and departments have accelerated the introduction and implementation of supportive policies to promote the stabilization of the real estate market, actively releasing both rigid and improvement housing demand. In terms of content, this includes adjusting policies such as "home purchase restrictions," "mortgage restrictions," and "home sales restrictions," as well as optimizing and adjusting housing provident fund support policies, and increasing housing subsidies. According to monitoring data from the China Index Research Institute, as of December 1st, more than 210 provinces and cities nationwide have introduced around 560 real estate policies throughout the year.