The central bank released the third quarter of 2024 report on the implementation of China's monetary policy, focusing on promoting the implementation and effectiveness of incremental policies for real estate finance in the next phase, guiding financial institutions to strengthen financial security, meeting the rigid and diversified housing needs of urban and rural residents, actively supporting the acquisition of existing commodity houses for affordable housing, supporting the activation of idle land reserves, promoting the stabilization of the real estate market, and promoting the establishment of a new development model for real estate.
央行：积极支持收购存量商品房用作保障性住房 支持盘活存量闲置土地
The central bank: actively support the acquisition of existing commodity houses for affordable housing, support the activation of idle land reserves.
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