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the people's bank of china issued an announcement on september 29 to improve the interest rate pricing mechanism for commercial personal housing loans, allowing existing housing loans that meet certain conditions to renegotiate the point increase range, and promote the reduction of existing housing loan interest rates. for existing mortgage interest rates with a point increase higher than -30 basis points, the interest rates will be uniformly adjusted to no less than -30 basis points, and not lower than the lower limit of new mortgage point increase (if any) currently implemented in the city where the city is located, making the interest rate level close to the national new rate. mortgage interest rates are around 0.5 percentage points on average.

ni hong, secretary of the party committee and minister of the ministry of housing and urban-rural development, presided over a party group meeting on the 29th. the meeting emphasized that we should face up to difficulties, strengthen confidence, fully release the huge potential of housing and urban-rural construction to stabilize growth and expand domestic demand, and focus on laying a solid foundation and deepening reforms as the main line to make every effort to promote the real estate market to stop falling and stabilize.

the kaiyuan securities research report pointed out that a package of "policy gift packages" was launched beyond expectations. the current loose policy attitude towards the real estate market will continue for a long time. further marginal relaxation of policies is worth looking forward to, and overall market confidence is expected to stabilize. megacities are actively and steadily promoting the transformation of urban villages, and more countercyclical adjustment measures are expected to be implemented faster. the sector still has good investment opportunities.

according to the finance association’s theme database, among the relevant listed companies:

c&d co., ltd.the real estate business covers urban renewal, property management, commercial management, agency construction and operation, related industry investment and other businesses. as of the end of june 2024, the company's equity-based land reserves (unsold scale) in first- and second-tier cities accounted for approximately 76.85% of the value.

xincheng holdingsadhering to the "residential + commercial" two-wheel drive strategy, its wuyue plaza is a large-scale supermarket and department store plaza.