The Central Economic Work Conference was held in Peking from December 11 to 12. Regarding Real Estate, the conference prioritized "continuously pushing the Real Estate market to stop declining and stabilize" as the primary task for risk prevention. The research department of China International Capital Corporation believes that reducing inventory to eliminate excess supply remains the main direction. First, control the supply of new land; second, optimize the structure of existing supply, activate existing land and commercial office space, and it is expected that policies for optimizing supply, such as land tickets, land exchanges, and commercial conversion to residential, may be further advanced; third, handle existing Commodity housing, and it is expected that the collection of completed but unsold Commodity housing and existing second-hand houses for use as Indemnificatory Apartments may increase; fourth, strengthen the implementation of urban village and dilapidated housing renovation.