Core Insights - The press conference highlighted significant achievements in the financial sector during the "14th Five-Year Plan" period, particularly in real estate financing policies [1] - The establishment of a city real estate financing coordination mechanism has been a key measure in mitigating real estate risks [2] - The mechanism has facilitated over 7 trillion yuan in loans for "white list" projects, supporting nearly 20 million housing units [1][2] Group 1: Real Estate Financing Coordination Mechanism - The city real estate financing coordination mechanism was established to address financing challenges for real estate projects, ensuring smooth construction and delivery [2] - The "white list" system identifies eligible projects based on their development status and the financial health of developers, promoting fair financing support [2] - By September 2025, loans for "white list" projects are expected to support nearly 20 million housing units, an increase from 16 million reported in May [2] Group 2: Monetary Policy and Economic Stability - The monetary policy will be guided by macroeconomic conditions, with expectations for potential interest rate cuts in the future [1] - The People's Bank of China has implemented measures to lower the financial burden on homebuyers, including adjustments to down payment ratios and mortgage rates [3] - The reduction in mortgage rates is projected to save over 300 billion yuan in interest payments annually for more than 50 million households [3] Group 3: Financial Support for Housing Projects - Financial support exceeding 1.6 trillion yuan has been allocated for key housing projects, with rental housing loans growing at an annual rate of 52% [4] - The number of financing platforms has decreased by over 60% since March 2023, indicating a significant reduction in financial debt risks [4] - Foreign exchange reserves have remained stable above 3 trillion USD, contributing to economic stability [4]