The central bank released the 2024 fourth quarter China MMF policy execution report. In the next phase, efforts will be increased to support the replacement of existing Consumer goods, provide financial services in key consumption areas, and continuously stimulate consumption vitality. Focus on ensuring the implemented financial policy measures yield effective results, increase efforts to revitalize existing commercial housing and existing land, promote stabilization of the Real Estate market, improve the foundational system of Real Estate finance, and assist in constructing a new model for Real Estate development.