2025年第38周，自然资源部通过了新的行业标准《城市存量空间盘活优化规划指南》，进一步完善了城市高质量发展体 系，为各地提高土地要素使用效率提供了规划层面的底层支撑，有助于存量闲置用地收储后，对相关规划进行更改再度上 市。地方层面，较为值得关注的有：上海在本周落地了免征房产税细则，银川全面放开了落户门槛，福州在公积金提取时限 上作出了新突破。 01 周度中央： 自然资源部为"稳市场"提供规划层面底层支撑，外汇局便利境外个人购房结汇支付 9月19日，自然资源部组织制定并审议通过了行业标准《城市存量空间盘活优化规划指南》，明确存量空间盘活优化是国 土空间总体规划、详细规划的重要任务之一，填补了存量空间如何编制规划的技术标准空白。《指南》通过规划体系的适 应性改革，为房地产行业提供了从"增量土地红利"到"存量空间价值"的转型路径。短期来看，有助于加速存量项目落地， 消化库存，稳定土地市场。中长期来看，将持续引导行业聚焦城市更新、产城融合、民生改善，培育"服务增值"新动能， 促进行业加快建立发展新模式。 9月15日，外汇局发布关于深化跨境投融资外汇管理改革有关事宜的通知。通知指出，将更加方便境外个人境内购房结汇 支 ...

Core Viewpoint - Local governments have significantly increased the frequency of policies aimed at stabilizing the real estate market, with 18 announcements made in the past week, marking a shift to a "high-frequency output" mode for market stabilization since July 2025 [1][2][12]. Policy Trends - The frequency of local "stabilization" policy announcements has remained at 18 for the past week, consistent with the previous week. This marks a notable increase since the central urban work conference in mid-July 2025, indicating a proactive approach to stabilize the market [2][3]. - The most frequently mentioned policy type is the optimization of housing provident fund policies, with 7 mentions in week 32, accounting for over one-third of all stabilization policies [3][6]. Recent Developments - Beijing has introduced multiple supportive measures, including the unbinding of purchase restrictions outside the Fifth Ring Road, an increase in loan limits, and a reduction in down payment ratios for provident fund loans [12][13]. - The focus on "good housing" has increased, with 5 mentions in the past week, as cities like Fujian and Chengdu have issued new regulations to enhance housing quality [3][14]. Housing Quality and Urban Development - Recent policies emphasize high-quality urban development, with cities implementing measures to improve housing quality and meet new housing demands. This includes the introduction of guidelines for high-quality housing design in Fujian [14]. - The housing security measures have been expanded in cities like Chengdu and Xi'an, addressing the needs of specific groups and enhancing the overall housing market [14]. Summary of Local Policies - In the past week, 17 provinces and cities have issued 18 stabilization policies, with significant changes in Beijing's housing policies expected to benefit a large portion of new housing supply [12][13]. - Other cities have also optimized their provident fund policies, allowing for greater flexibility in loan terms and usage [13].

中国证监会主席吴清在发布会上表示，将进一步出台深化科创板、创业板改革措施，在市场层次、投资者保护等增强制度包容性、适应性，并将发布《推动 公募基金高质量发展行动方案》。 此次新闻发布会，备受市场期待。不少投资者还清楚记得去年A股的"924行情"。2024年9月24日国新办发布会上，中国人民银行、国家金融监督管理总局、 中国证监会宣布出台降准降息、下调存量房贷利率，创设证券、基金、保险公司互换便利，创设股票回购、增持再贷款等一系列重磅政策。 市场为之大振。当日A股全线爆发，全市场超5100只个股上涨。沪指飙涨4.15%，深指涨大涨4.36%，创业板指大涨5.54%。 又一波稳市场稳预期政策出台，受此影响，5月7日早盘，A股全线大幅高开，沪指涨1.17％，深指涨1.35％，创业板涨1.91％。 5月7日，A股早盘全线高开 当日上午9时，国务院新闻办公室举行新闻发布会。中国人民银行、国家金融监督管理总局、中国证券监督管理委员会负责人介绍"一揽子金融政策支持稳市 场稳预期"有关情况，并答记者问。 中国人民银行行长潘功胜在发布会上宣布，降准0.5个百分点，向市场提供长期流动性约1万亿元，并降低政策利率0.1个百分点。同 ...