Economic Daily: Effectively stabilize expectations for real estate financing.

The National Conference on Housing, Urban and Rural Construction held in Beijing on December 22-23 proposed that efforts should be made to stabilize the real estate market by 2026. This includes further leveraging the role of the real estate project "white list" system to support the reasonable financing needs of real estate enterprises; in real estate financing, the lead bank system should be implemented. Promoting the high-quality development of the real estate sector is an objective requirement for advancing China's modernization. With a long industry chain and high degree of interconnection, the real estate sector has provided strong support for China's urbanization and economic and social development over the past 20 years. By 2024, the combined value added of the real estate and construction industries will account for 13% of the country's gross domestic product. In the long run, there is still great potential and space for the development of China's real estate sector. In promoting high-quality real estate development, the coordinated linkage mechanism of "people, houses, land, and money" is essential, among which the real estate financing system is a key element. The financing system affects the financing expectations of real estate enterprises, and if the financing expectations are unstable, related investment, sales, and other economic activities will be affected.