Pan Gongsheng, Governor of the People's Bank of China, stated that at the national level, there is no longer a distinction between first and second homes, with a unified minimum down payment ratio of 15% for all. Local authorities can implement differentiated down payment ratios based on city-specific policies, allowing for autonomous determination within their jurisdictions. Commercial banks can determine specific down payment ratios based on customers' risk profiles and preferences.

Pan Gongsheng, Governor of the People's Bank of China, stated that the People's Bank will support the acquisition of land by real estate companies. By using some local government special bonds for land reserves, studying the possibility of policy banks and commercial banks providing loans to support eligible enterprises for the market-oriented acquisition of real estate companies' land, it aims to revitalize existing land use, alleviate funding pressures for real estate companies. If necessary, the People's Bank can provide policy support.