政策动态 | 发改委推动REITs扩围至商办、城更领域，多地优化公积金支持代际互助（11.24-11.30）

Core Viewpoint - The article discusses the recent initiatives by the National Development and Reform Commission (NDRC) and the China Securities Regulatory Commission (CSRC) to expand the scope of Real Estate Investment Trusts (REITs) in China, particularly focusing on commercial real estate and urban renewal projects, which aims to enhance the capital market's support for the real economy [2][3]. Group 1: REITs Expansion - The NDRC is actively promoting the expansion of infrastructure REITs to include urban renewal facilities, hotels, sports venues, and commercial office facilities, building on the progress made since the launch of the REITs initiative in 2020 [2][3]. - The CSRC has issued a draft announcement to solicit opinions on launching pilot programs for commercial real estate REITs, aiming to enrich investment tools in the capital market and support a new model for real estate development [2][3]. Group 2: Local Policy Developments - In the past week, 12 cities have released policies to stabilize the market, with a focus on the "14th Five-Year Plan" to construct new development models in real estate [4][5]. - Cities like Beijing, Tianjin, and Fujian have emphasized the need to accelerate the establishment of a dual development system for housing supply, combining market mechanisms with guarantees [5][6]. Group 3: Housing Fund Policy Adjustments - Several cities, including Xiamen and Yantai, have introduced policies to support intergenerational assistance in housing fund withdrawals, allowing family members to use their housing funds to assist in home purchases [6][7]. - The article highlights that the personal housing loan balance from housing funds reached 8.07 trillion yuan, with a deposit balance of 10.93 trillion yuan, indicating a significant capacity for policy optimization in housing fund withdrawals [7][8]. Group 4: "Good Housing" Initiatives - Cities like Xiantao and Xu Zhou have increased the loan limits for "good housing" projects, with Xiantao raising the loan limit by at least 20% for families purchasing high-quality residential properties [9][10]. - The adjustments in housing fund policies are expected to enhance the purchasing power of families with higher income levels, thereby accelerating the balance of supply and demand in the new housing market [10][12]. Group 5: Land Use and Market Stabilization - Chongqing has announced a plan to support the use of special bonds to recover and acquire eligible idle land, aiming to optimize the mechanism for revitalizing existing land [13][14]. - The frequency of policy releases aimed at stabilizing the market has significantly increased, particularly regarding housing funds and "good housing" initiatives, indicating a proactive approach to market stabilization as the year-end approaches [15][16].