Deputy Minister of Finance Liao Min made it clear at a press conference on the 12th that he will actively study and introduce policy measures conducive to the stable development of the real estate market. Regarding the aspect of 'allowing special bonds to be used for land reserves,' Wang Qing, Chief Macro Analyst at Oriental Jin Cheng, stated that special bond funds can be used to repurchase unused land from real estate companies, as well as to acquire existing commodity houses for use as indemnificatory apartments. These two measures will to a certain extent alleviate the financial pressure on real estate companies, and promote a faster recovery of the real estate market's supply and demand balance. Yan Yuejin, Deputy Director of the Shanghai E-House Real Estate Research Institute, mentioned that tax tools will support the real estate market in stabilizing and rebounding. Although the direction of the tax tools was not explicitly mentioned, it can be determined that, under a series of significant policies from the central bank, a major tax reduction in real estate is expected. In other words, it is important to closely monitor the policy trends of the tax authorities in October this year. (China News Network)