The central bank released the report on the implementation of China's monetary policy in the second quarter of 2022: in the next stage, we should firmly adhere to the positioning that houses are used for living, not for speculation, and not to use real estate as a means to stimulate the economy in the short term. We will continue to stabilize land prices, stabilize housing prices and stabilize expectations, as urban policies make full use of policy toolboxes to support rigid and improved housing demand, and safely implement the prudent management system of real estate finance. Promote the healthy development and virtuous circle of the real estate market.