Renmin University report: It is recommended to further strengthen efforts to open up restrictive policies on Real Estate demand.

The report points out that the supply and demand of the Real Estate market in our country have undergone significant changes, and it is necessary to focus on this to construct a systematic adjustment plan. Building a complete policy system takes time; in the short term, efforts should be intensified to stabilize the Real Estate sector, while in the medium to long term, a proper guide for the transformation of the Real Estate Industry is needed. The report believes that, compared to the Real Estate control policies of 2014-16, there is still considerable room for relaxation in this round of policies. Future actions should focus on 'stabilizing expectations, stabilizing housing prices, and stabilizing Real Estate,' further strengthening efforts to open up restrictive policies on the demand side: on one hand, continue to implement policies in key first- and second-tier cities such as removing purchase and credit constraints, lowering down payment ratios, reducing existing housing loan interest rates, increasing housing provident fund loan limits, relaxing household registration restrictions, and increasing talent introduction; providing greater Crediting support and policy support to improve housing demand, aligning second-home policies with first-home policies; on the other hand, drawing lessons from the USA's housing voucher program experience, increasing rental subsidies for low-income groups and young people, and promoting the construction of a guarantee housing system targeting first-time buyers who lack purchasing power, to quickly stabilize confidence in the Real Estate market. (Rui Jian)