Zhu Haibin, Managing Director of JPMorgan, Chief Economist for China, and Head of Economic Research for Greater China, pointed out today at the Caijing Annual Conference 2025 and the 2024 Global Wealth Management Forum that to promote the Real Estate market to stabilize sooner and maintain basic stability in housing prices, more decisive measures need to be taken, and more work should be done on Real Estate destocking. In his view, local governments typically achieve returns of less than 2% in the process of acquiring Commodity Housing to convert it into Indemnificatory Apartments, which is far below market requirements. Therefore, it is suggested that the central government adopt some yield subsidy measures, such as subsidizing two to three percentage points per year, to accelerate the acquisition process of the Commodity Housing market through low-cost, high-leverage policies.