Ministry of Housing and Urban-Rural Development: Financial policies to stabilize the real estate market must be innovatively adjusted in a timely manner

The Ministry of Housing and Urban-Rural Development emphasized the need to innovate and adjust financial policies for the real estate market to stabilize and consolidate the property market. Comments pointed out that financial institutions should seize the timing of policy issuance, moderately lower housing loan interest rates, and increase efforts to acquire existing commercial housing. Local governments need to actively assist enterprises in reducing debt, and stabilizing the real estate market will help achieve the 5% economic growth target