Ministry of Finance: The policy of interest subsidies for residents' home purchase loans has been implemented smoothly, with initial results emerging.

On October 23, Li Nan, Deputy Director of the Financial Department of the Ministry of Finance, answered a question from a Securities Times reporter at a Ministry of Finance press conference. Li Nan stated that the interest subsidy policy for residents' home purchase loans is the first time the central government has implemented interest subsidies for commercial personal housing loans, and this policy has been implemented nationwide since October 1. After the policy was released, the Ministry of Finance immediately guided all localities to accelerate implementation. From the operational situation, the policy has been implemented smoothly and initial results have begun to show. According to the handling banks, during this period many families have been viewing homes and purchasing homes and arranging loans, and they generally believe that the interest subsidy policy genuinely reduces the monthly payment burden.