Core Viewpoint - Hainan Province is proposing a new policy for housing provident fund management, allowing individuals to convert their commercial housing loans into provident fund loans, which aims to ease the financial burden on homebuyers [1] Group 1: Policy Details - The new policy, titled "Management Measures for the Conversion of Personal Housing Commercial Loans to Housing Provident Fund Loans (Draft for Comments)," has been released for public feedback [1] - The "commercial to provident fund loan" allows Hainan residents who have not yet settled their commercial housing loans to convert them into provident fund loans, specifically for purchasing newly built self-occupied housing [1] - Previously, the only method available for converting commercial loans to provident fund loans required individuals to first pay off their commercial loans using personal funds before applying for the provident fund loan [1]

上周，中国人民银行发布关于下调个人住房公积金贷款利率的通知称，自2025年5月8日起，下调个人 住房公积金贷款利率0.25个百分点。 随后，包括北上广深在内的多个城市发布通知，从8日起下调个 人住房公积金贷款利率。 刚刚过去的周末，公积金新政明显提振了市场活跃度。 以深圳市场为例，深圳中原研究中心公布的数据显示，公积金新政后首个周末（5月10日至11日），深圳 新房住宅成交152套，二手住宅成交128套。与此同时，刚刚过去的周末中原二手房带看量较前一周上涨 53%。深圳乐有家研究中心数据显示，公积金新政有效降低购房成本，促进市场活跃度提升，政策落地后 首个周末客户作决定速度加快，上周日乐有家门店二手房签约量相较"五一"均值上涨35%。 深圳市房地产中介协会公布的数据则显示，上周深圳二手房（含自助）录得量为1407套（录得量系指深房 中协以二手房买卖合同发起时间为口径统计的数据），环比上涨106.6%。记者也对多位深圳购房者进行采 访，发现越来越多的购房者特别是刚需购房者，选择公积金贷款或者公积金和商业的"组合贷"，而且都希 望公积金的贷款额度能够进一步提高。 转载与合作可联系证券时报小助理，微信ID：Secu ...

Core Viewpoint - The recent reduction in personal housing provident fund loan interest rates by the People's Bank of China is expected to significantly boost market activity and stimulate housing demand across major cities, particularly in Shenzhen and Wuhan [1][2][3] Group 1: Policy Changes - The People's Bank of China announced a 0.25 percentage point reduction in personal housing provident fund loan interest rates effective from May 8, 2025, which has prompted several cities, including Shenzhen, to follow suit [1] - The overall direction of recent housing provident fund policy adjustments is to increase loan limits, lower withdrawal and loan thresholds, and expand the applicability of the fund [2] Group 2: Market Impact - In Shenzhen, the first weekend following the new policy saw new home transactions reach 152 units and second-hand home transactions at 128 units, indicating a notable increase in market activity [1] - The number of second-hand home viewings in Shenzhen increased by 53% compared to the previous week, reflecting heightened buyer interest [1] - The volume of second-hand home transactions in Shenzhen rose by 106.6% week-on-week, with many buyers opting for provident fund loans or a combination of provident and commercial loans [1][2] Group 3: Regional Insights - In Wuhan, the combination of the recent loan rate reduction and previously introduced housing policies has led to a significant increase in new home transactions, with daily sales reaching 257 and 243 units on May 8 and 9, respectively, marking increases of 213% and 74% year-on-year [2] - The local characteristics of the housing provident fund, combined with low interest rates, cater well to the needs of first-time buyers and those looking to upgrade their housing [3] Group 4: Market Sentiment - Experts believe that the interest rate cut will significantly enhance market confidence and positively impact housing demand, with expectations of continued recovery in the real estate market throughout May [3]

Core Insights - The recent combination of interest rate cuts and new public housing policies has led to a significant increase in activity in the Shanghai new housing market [1] - Some new developments reported a 30% increase in visitor numbers, with one project attracting over 500 groups of potential buyers over the weekend [1] - The declining mortgage interest rates are positively influencing the purchasing mindset of first-time homebuyers, with "2% range" mortgage rates expected to become mainstream in the near future [1]

Core Insights - The new housing fund policy has led to increased market activity in Shenzhen, with a notable rise in both new and second-hand residential transactions during the first weekend following the policy implementation [1] Group 1: New Housing Transactions - During the weekend of May 10-11, Shenzhen recorded 152 new residential transactions, including 118 pre-sale units [1] - From May 1 to May 11, the total number of new residential transactions reached 727, comprising 466 pre-sale and 261 current sale units [1] Group 2: Second-Hand Housing Transactions - The second-hand residential market saw 128 transactions during the same weekend, with a 53% increase in viewing activity compared to the previous week (May 3-4) [1] - Cumulatively, from May 1 to May 11, there were 1,023 second-hand residential transactions in Shenzhen [1]