Shanghai City Boosting Consumption Special Action Plan: Accelerating the Construction of a New Model for Real Estate Development, and Rolling Out the Renovation and Transformation of Old Residential Areas.

Shanghai Municipal People's Government Office issued the "Shanghai City Consumer Stimulus Special Action Plan." It mentions better meeting the demands for housing consumption. Accelerating the construction of a new model for real estate development, building safe, comfortable, green, and smart "good houses." Expanding the scope of comprehensive renovation of beautiful homes, and advancing the renovation of old neighborhoods in a rolling manner. Expanding the supply of rental housing for guaranteed security, with a focus on serving the youth population. Supporting residents' demands for both necessary and improved housing, implementing tax policies to promote stable and healthy development of the real estate market. Expanding the coverage of housing provident fund, exploring and optimizing policies for using the housing provident fund, and implementing regulations on deposit, withdrawal, and use of housing provident fund for flexible employees in our city.