住建部新闻发布会点评：四个取消、四个降低、两个增加，积极落实楼市政策组合拳

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - The report emphasizes the government's commitment to stabilize the real estate market through a series of policy measures, including the cancellation of various restrictions and the reduction of costs associated with home purchases [1][2] - The report highlights the importance of lowering interest rates, down payment ratios, and tax burdens to alleviate the financial pressure on homebuyers and support housing demand [2] - The introduction of 1 million new housing units through monetary compensation for urban village and dilapidated housing renovations is expected to enhance housing supply and meet potential demand [2] - Increasing the loan allocation for "white list" projects is seen as a way to improve cash flow for real estate companies and optimize their asset structures [2] Summary by Sections Policy Measures - Four cancellations: purchase restrictions, sales restrictions, price limits, and classifications of ordinary and non-ordinary residential properties [1] - Four reductions: housing provident fund loan interest rates, down payment ratios for housing loans, interest rates on existing loans, and tax burdens for "selling old to buy new" transactions [2] - Two increases: implementation of 1 million urban village and dilapidated housing renovations and an increase in the credit scale for "white list" projects from 2.23 trillion to 4 trillion [1][2] Market Outlook - The report suggests that the central government's policy goals are shifting from stabilization to promotion, indicating a more proactive approach to support the real estate market [2] - It is anticipated that the demand-side policies will provide solid support for core city markets, benefiting quality real estate companies such as China Resources Land, Greentown China, and China Merchants Shekou [2]