Liu Yonghao: Suggest lowering mortgage rates, exempting taxes, and stabilizing the real estate market.

This year, national CPPCC member and chairman of New Hope Group Limited, Liu Yonghao, proposed specific suggestions for the current real estate market development issues. Firstly, he suggested issuing a strong combination of policies. It is recommended to coordinate efforts from multiple departments such as finance, taxation, and housing construction to form policy synergy. Specific measures include further lowering the down payment ratio and loan interest rates, and providing temporary tax relief for housing transactions to reduce housing costs and stimulate market vitality. Secondly, optimizing planning and layout to revitalize existing assets. It is suggested to reduce the proportion of new commercial land, to control the increment of commercial real estate from the source. At the same time, support the revitalization of existing commercial assets, optimize the "commercial to residential" policy, and moderately relax restrictions on apartments in education, household registration, and other aspects.