The bank of hangzhou stated at the investor relations event that, influenced by multiple bullish housing loan policies, the transaction volume of second-hand houses in the region has significantly improved recently. At the same time, efforts have been made to increase the guidance of the branches, showing a month-on-month growth trend in mortgage loan orders and disbursements recently, with the mortgage loan order volume in October increasing by over 50% compared to September. The situation of early repayments has markedly improved compared to the same period last year. The fourth quarter to January next year is the period for the crediting spring plowing action, with the financing disbursement reserves in the public sector line being close to the same period last year. Major crediting directions, apart from the infrastructure sector, also have substantial reserves in the real economy. It is expected that the net interest margin will stabilize in the short term within the year, but there will still be downward pressure next year. The asset quality of the retail sector remains good, with the loan balance ratio in the real estate industry being relatively low. It is anticipated that the asset quality will maintain basic stability in the near future. The provision coverage ratio is at a relatively high level among peers and is expected to remain relatively stable in the coming period.