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according to ai news, citic securities research report pointed out that three days after the politburo meeting in september, the people's bank of china implemented various real estate financial support policies. policies to adjust housing purchase restrictions, reduce transaction taxes, and reduce down payment ratios have also been decisively implemented in first-tier cities. this shows the urgency of promoting the goal of stopping the decline of the real estate market. we believe that starting from first-tier cities, housing prices are expected to stop falling within the year. if this round of policies fails to fully achieve the goal of stopping the decline, it is expected that the potential space for policies will still be broad.

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