Core Viewpoint - The article emphasizes the acceleration of policies aimed at stabilizing the real estate market, particularly through urban renewal initiatives and the optimization of housing fund policies, which are seen as key measures to support market recovery [1][2][5]. Policy Trends - The optimization of housing fund policies remains the primary focus for stabilizing the market, with urban renewal and housing security policies being the second most frequently mentioned [2]. - In the past month, housing fund-related policies have been mentioned most frequently, including multi-child loan benefits, improved withdrawal methods, and reduced down payment ratios [3][5]. Central Government Actions - The Politburo meeting on July 30 emphasized the need for high-quality urban renewal and the acceleration of government bond issuance to improve funding efficiency [8]. - The establishment of the People's Bank of China's Macro-Prudential and Financial Stability Committee aims to enhance real estate financial management and support the construction of a new development model for the sector [8]. Local Government Initiatives - In the past week, 15 provinces and cities have issued 18 policies to stabilize the market, with notable urban renewal policies from cities like Shanghai and Xiamen [9][10]. - Xiamen's new guidelines allow for a maximum increase of 20% in building area for old residential community renovations, enhancing living conditions for residents [10]. - Other cities, such as Beijing and West Xi'an, are optimizing housing fund policies to support multi-child families and improve housing accessibility for various income groups [12]. Market Dynamics - The article highlights the importance of urban renewal and housing security as critical components for stabilizing housing demand, with local governments expected to accelerate these initiatives in the second half of the year [5][12].