The central bank: Increase the vitality of existing commercial housing and existing land inventory to consolidate the stable trend of the real estate market.

The Monetary Policy Committee of the People's Bank of China held the third quarter meeting of 2025. The meeting emphasized the continuous provision of financial services to support the development of private economy, fully leveraging the role of the coordination mechanism for financing small and micro enterprises, and further addressing the obstacles in financing for small and micro enterprises. Efforts will be made to implement financial policy measures that have been introduced, increase the vitality of existing commercial housing and land, consolidate the stable trend of the real estate market, improve the basic financial system of real estate, and help build a new development model for the real estate sector. Efforts will be made to promote high-level two-way financial opening, enhance the economic and financial management capabilities and risk prevention capabilities under open conditions.