Core Viewpoint - The article emphasizes the ongoing efforts by the central and local governments to stabilize the real estate market through various financial policies and measures aimed at enhancing housing supply and improving existing inventory management [1][7][10]. Policy Trends - The frequency of local "stabilizing market" policy announcements has slightly decreased, with 14 policies released this week, but remains at the annual average level [2]. - There has been an increase in the issuance of comprehensive "stabilizing market" policies, with notable examples such as Fuzhou's 16 new policies supporting real estate project development [2][11]. Supply-Side Management - The optimization of housing provident fund policies has been the most frequently mentioned type of policy, with five mentions this week [3]. - The focus on "supply-side optimization" has significantly increased, with five localities addressing this aspect [3]. - Local governments, including Hainan and Fuzhou, have introduced measures to support the revitalization of existing real estate inventory, including financial support for purchasing existing properties for affordable housing [11][12]. Housing Security - The issuance of special bonds for affordable housing has increased by over 300% compared to the same period in 2024, indicating a strengthened commitment to affordable housing construction [10]. - Localities such as Dongguan and Yancheng have announced new policies to enhance housing security, including the collection of existing commercial housing for use as affordable housing [12]. Recent Policy Announcements - A summary of recent policy announcements includes: - The central bank's commitment to stabilizing the real estate market and improving financial systems [7]. - Dongguan's initiative to collect existing commercial housing for affordable housing [11]. - Fuzhou's reduction of the down payment ratio for affordable housing loans to 15% [11]. - Guangdong's encouragement of old community renovations and allowing for increased building scale [11][12].