The Beijing Municipal Committee of the Communist Party of China is implementing the opinions on further comprehensively deepening reform and promoting the modernization of China, as outlined by the Central Committee of the Communist Party of China. It mentions improving the housing system of both renting and purchasing, accelerating the establishment of a new mode of real estate development that meets the characteristics of the capital, increasing the construction and supply of affordable housing to meet the rigid housing needs of the working-class, and improving the policy mechanism to support the diversified improvement of housing needs for urban and rural residents, leveraging the role of housing provident fund in housing security. It also optimizes real estate policies, timely cancels the standards for ordinary and non-ordinary residences, refines the commodity housing land transaction rules, reforms the financing methods for real estate development, and the pre-sale system of commodity houses.