China's Little-known Plan to Save Real Estate: 100bps Mortgage Subsidy

Bullish · $BEKE

What Happened

China's State Council announced it is studying policies to stabilize the real estate market, while Shanghai released detailed implementation rules for its '828' policy, following Beijing's earlier move.

Bottom Line

Beijing's focus on stabilizing prices rather than stimulating sales suggests targeted support, with Shanghai's rules maintaining a tight stance on presales, favoring quality names over distressed developers.

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