Securities Times: A greater effort to promote the stabilisation of the property market, expecting to see coordinated policies between the central and local governments to increase availability.

The State Council executive meeting recently held deployed the latest work on the real estate sector in the next stage, aiming to stabilize expectations, stimulate demand, optimize supply, and resolve risks through multiple measures to further promote the stabilization of the real estate market. Industry insiders interviewed by reporters believe that in the next step, the central government will continue to coordinate existing policies and new measures on the financial and fiscal policy side, while cities will implement policies tailored to their specific needs to accurately implement policies, joint efforts between the central and local governments will effectively promote the realization of the goal of stabilizing the real estate market. According to Yuan Hao, chief analyst of the real estate sector at Shenwan Hongyuan Securities, "further promoting the stabilization of the real estate market" implies that a new round of supportive policies will be introduced, including "conducting a survey on the already supplied land and ongoing projects nationwide and further optimizing existing policies," which may mean that the land acquisition policy will be optimized and accelerated; "enhancing the systematic effectiveness of policy implementation" may mean that policies will work together to avoid unintended consequences, such as avoiding short-term implementation of policies like immediate sales of existing properties; "stabilizing expectations, stimulating demand, optimizing supply, and resolving risks through multiple measures" may indicate that policies addressing both supply and demand will be actively introduced.