Da Mo Xing Ziqiang: "Financial interest subsidy mortgages" can help stabilize the real estate market.

Morgan Stanley's chief economist in China, Xing Ziqiang, said, "The 'financial interest subsidy mortgage' can improve the rental return and mortgage cost gap in some large cities, and stimulate market expectations of recovery. Two points are crucial: wide coverage and strong intensity. In order to prevent speculation from benefiting excessively, the system can be optimized by providing a larger subsidy for families with only one property, a slightly smaller subsidy for those with two properties, and no subsidy for owners with multiple properties."