On October 14, Everbright Jiabao, Cinda Real Estate, Tianjin Realty Development, Yunnan Metropolitan Real Estate Development, Chongqing Yukaifa, Shenzhen Worldunion Group Incorporated hit the limit up, with Casin Real Estate Development Group, Poly Developments and Holdings Group following the trend. Minister of Finance of China, Liao Fa'an, stated at the press conference last Saturday that the central finance still has a large space for increasing debt and deficit. It is proposed to once substantially increase the debt limit, substitute local governments' existing hidden debts, and intensify support for local debt risk resolution. This policy is the most significant measure to support debt-for-equity swaps in recent years, providing timely relief to greatly alleviate local government pressure and free up more resources to support economic development, strengthen the grassroots safeguard. In addition, Deputy Minister of Finance Liao Min stated that special bonds will be used for purchasing existing commercial housing; also allowing special bonds to be used for land reserves, with areas in real need being able to use them for new land reserve projects. (Global Wealth)