Group 1 - The central economic work conference emphasized stabilizing the real estate market, implementing city-specific policies to control supply, reduce inventory, and improve quality, while encouraging the acquisition of existing residential properties for affordable housing [2][4] - The conference identified "domestic demand as the main driver" and highlighted the importance of real estate in expanding domestic demand, with expectations for continued policy support in 2026 [3][4] - The conference noted the need to address unreasonable restrictions in the consumption sector, particularly in housing, with potential adjustments to purchase restrictions in major cities [3][4] Group 2 - The conference outlined eight key tasks for economic work in 2026, with a focus on stabilizing investment and increasing central budget investment to stimulate private investment and promote urban renewal [4] - Data from the National Bureau of Statistics indicated a continuous decline in real estate development investment, with a year-on-year drop from 9.8% at the beginning of the year to 14.7% in the first ten months [4] - The conference highlighted the urgency of reducing inventory in the real estate sector, with the inventory cycle for new residential properties in 100 cities reaching 27.4 months, significantly exceeding the reasonable range of 14 months [5] Group 3 - The conference emphasized the importance of affordable housing and reforming the housing provident fund system, linking the acquisition of existing properties to the development of affordable housing [6][7] - Local government special bonds have played a significant role in acquiring idle land and existing properties, with over 4,800 parcels of land targeted for acquisition and a total amount exceeding 650 billion yuan [6] - The conference proposed a new development model for real estate, focusing on a dual-track system that balances supply and demand policies to ensure healthy market development [7][8] Group 4 - The reform of the housing provident fund system is expected to continue, with over 260 new policies introduced this year, focusing on increasing loan limits and flexibility in usage [8] - Shenzhen has implemented new regulations to optimize the withdrawal policies for housing provident funds, supporting employees involved in old housing renovation projects [8]

(文/孙梅欣 编辑/张广凯） 据新华社消息，12月10日至11日召开的中央经济工作会议总结2025年经济工作，分析当前经济形势，部 署2026年经济工作。 其中涉及房地产相关要求提到，坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因 城施策控增量、去库存、优供给，鼓励收购存量商品房重点用于保障性住房等。深化住房公积金制度改 革，有序推动"好房子"建设。加快构建房地产发展新模式。积极有序化解地方政府债务风险，督促各地 主动化债，不得违规新增隐性债务。优化债务重组和置换办法，多措并举化解地方政府融资平台经营性 债务风险。 这也是2024年要求"持续用力推动房地产市场止跌回稳"以来，在中央经济工作会议上再一次提出"稳楼 市"的要求。 相较于去年的经济工作表述，今年对房地产的工作部署更加深化和具体，将"化解风险"、"稳定市 场"、"因城施策"、"去库存"、"好房子"、"公积金"等具体方面进行了强调。 具体到房地产各项重点工作来看，在稳定市场方面，不同能级的城市其作用也有所不同。 张波认为，从大方向来看，一线城市去库存的压力相对较小，但在优化供给层面，需要积极填补改善型 需求缺口："通过优化供地结构，减少 ...

"整体来看，中央经济工作会议对2026年的经济工作做了全面部署，并多次强调要坚定信心。"中指研究 院指出，在房地产方面，"稳楼市"依然是2026年政策目标，各项政策措施有望继续落实，包括优化北上 深等城市限制性政策、收购存量商品房、创新金融和土地政策支持城市更新等方面，房地产作为最大的 内需之一，2026年在扩大内需方面仍将发挥重要作用。 年末将至，房地产市场明年的走向备受市场关注。据新华社消息，中央经济工作会议12月10日至11日在 北京举行，分析当前经济形势，部署2026年经济工作，同时对2026年的房地产工作作出明确部署。 会议明确提出，坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因城施策控增量、 去库存、优供给，鼓励收购存量商品房重点用于保障性住房等。深化住房公积金制度改革，有序推 动"好房子"建设。加快构建房地产发展新模式。积极有序化解地方政府债务风险，督促各地主动化债， 不得违规新增隐性债务。优化债务重组和置换办法，多措并举化解地方政府融资平台经营性债务风险。 克而瑞地产研究分析认为，会议将"稳楼市"与"新模式""好房子"深度绑定，跳出短期刺激思维：收购存 量房作保障房实现去库存与 ...

中新社北京12月12日电 (记者 庞无忌)中央经济工作会议12月10日至11日在北京举行。作为观察来年中 国经济政策变动最重要的"风向标"，此番会议明确"着力稳定房地产市场"。这是继2024年中央经济工作 会议提出"持续用力推动房地产市场止跌回稳"后，中央经济工作会议再次强调"稳楼市"。 广东省住房政策研究中心首席研究员李宇嘉表示，在当前民生属性夯实、"租购并举"的背景下，公积金 应该发挥更大作用。 ——有序推动"好房子"建设。 国家发改委宏观经济研究院研究员刘琳指出，今年以来，商品房供给指标下降，既是各地落实严控增量 政策要求的正向反映，也是市场自发调整的结果。 ——更好发挥公积金制度作用。此番会议明确，深化住房公积金制度改革。 随着房地产市场的阶段性"换挡"，公积金还需要进一步扩大覆盖面、拓宽使用范围。 易成栋分析，未来公积金可以更广泛地用于租房、装修、危旧房改造、城市更新等用途，更好发挥普惠 金融的作用、更好地支持民生保障。 据中指研究院监测，2025年以来中国各地出台的公积金相关政策超260条，预计2026年将延续此趋势， 贷款额度进一步提升、使用范围更加灵活、异地互认互贷等或将是重点方向。近期，深圳 ...

Core Viewpoint - The "intergenerational mutual assistance" policy for housing provident funds is gaining attention as a response to the deep adjustment period in the real estate market, allowing direct relatives to share account balances for down payments or mortgage repayments, marking a shift from "single housing support" to "family livelihood security" [1][6]. Group 1: Policy Implementation and Impact - Multiple regions have introduced the mutual assistance policy, with 166 contributors in Gansu extracting 31.5144 million yuan within four months, indicating the policy's effectiveness in alleviating housing pressure [2]. - The policy aims to lower the financial burden of home purchases for families and improve the efficiency of provident fund usage, especially as some elderly individuals no longer buy homes, leaving funds idle [2][3]. - The mutual assistance policy allows for broader funding sources, including family members' provident fund accounts, and prioritizes the use of the borrower's own account before tapping into relatives' accounts [3]. Group 2: Regulatory Concerns and Recommendations - Concerns about potential violations and arbitrage opportunities exist, such as fictitious purchases or circular transactions to extract funds from relatives' accounts [4]. - Recommendations for improving regulatory oversight include ensuring closed-loop funding, setting withdrawal limits, and implementing punitive measures for violations [4][5]. Group 3: Broader Trends in Provident Fund Policy - The mutual assistance policy reflects a broader reform of the housing provident fund system, transitioning from a "housing purchase exclusive tool" to a "comprehensive livelihood security" approach [6]. - Since January 2025, many regions have adjusted provident fund policies, including lowering loan rates, increasing loan limits, and relaxing withdrawal conditions, with nearly 150 policy adjustments reported in the first half of the year [6][8]. - The usage scenarios for provident funds are expanding beyond home purchases to include rental payments and housing renovations, with initiatives like direct rental payments being implemented [6][7]. Group 4: Future Directions and Innovations - Current innovations in provident fund policies include expanding coverage to self-employed individuals, allowing lower contribution rates for struggling businesses, and supporting various housing-related expenses [7]. - The 2024 national housing provident fund report indicates a total deposit of approximately 3.6 trillion yuan and a withdrawal amount of about 2.8 trillion yuan, with a withdrawal rate of 76.15%, slightly down from the previous year [8].