Group 1: Housing Market Developments - Jinan has launched the first batch of affordable housing for sale, with 433 units available for registration and purchase, priced at 6750 yuan/sqm for Qinghe Xinzhu and 7900 yuan/sqm for Fengming Xinzhu [1] - Hangzhou has introduced a new policy allowing employees to use their housing provident fund directly for down payments on new homes, with online processing available [2] Group 2: Financial Instruments and Corporate Actions - Poly Developments has established a green asset-backed securities plan, raising 1.594 billion yuan, with a priority issuance of 1.354 billion yuan at a coupon rate of 2.5% [3] - Huafa Co. has elected Liu Yingzhe and Xiang Yu as non-independent directors during its board meeting, with unanimous support [4] - Xinda Real Estate has adjusted the coupon rate of its second medium-term note to 1.5%, down from 4.5%, effective from July 21, 2025 [5]