On the evening of July 10, the People's Bank of China and the National Administration of Financial Regulation issued the Notice on Extending the Period of Relevant Policies on Financial Support for the Steady and Healthy Development of the Real Estate Market, which has an applicable period of relevant policies in the Notice on Doing a Good Job in Current Financial Support for the Steady and Healthy Development of the Real Estate Market (hereinafter referred to as "Article 16 of Finance") issued in November 2022, Extend the applicable period to December 31, 2024. Relevant officials from the People's Bank of China and the National Administration of Financial Regulation said that on November 11, 2022, the People's Bank of China and the former CBRC jointly issued the "Sixteen Financial Rules" policy, which played a positive role in maintaining the rationality and moderation of real estate financing and promoting the resolution of real estate enterprise risks, and achieved good policy results. Considering the current situation of the real estate market, in order to guide financial institutions to continue to extend the stock financing of real estate enterprises and increase financial support for guaranteed delivery, the People's Bank of China and the National Administration of Financial Regulation decided to extend the applicable period of relevant policies. It is reported that this policy extension involves Articles 4 and 8 of the "16 Financial Articles". Firstly, for existing financing such as development loans and trust loans for real estate enterprises, while ensuring the safety of creditor's rights, financial institutions are encouraged to negotiate independently with real estate enterprises based on the principle of commercialization, actively support them through methods such as extending existing loans and adjusting repayment arrangements, and promote project completion and delivery. Those that expire before December 31, 2024 can be extended for an additional year beyond the original regulations without adjusting the loan classification. The loan classification submitted to the credit reporting system should be consistent with it. The second is the supporting financing provided by commercial banks to special loan support projects before December 31, 2024, and the risk classification will not be lowered during the loan term; After the debt is severed between new and old, the loan subjects shall be managed as qualified loan subjects. For newly issued supporting financing that results in non-performing loans, relevant institutions and personnel who have fulfilled their duties can be exempted from liability. Dong Ximiao, the Principal investigator of China Merchants Association, said that the real estate industry is connected with many upstream and downstream industries, and its virtuous circle is of great significance to economic recovery and development. Previously, the "Sixteen Financial Articles" clarified a package of policies to support the development of the real estate market, adhering to a problem oriented approach, with strong targeting and positive significance. This time, the financial management department has extended the two specific terms in the policy, which will to some extent dispel the concerns of financial institutions, further change the situation of financial institutions not daring to lend or unwilling to lend, encourage financial institutions to provide supporting financing for special loan support projects, further improve real estate enterprise financing, stabilize market confidence and expectations, and promote the stable and healthy development of the real estate market, Better support for sustained macroeconomic recovery. Industry insiders generally believe that stabilizing the real estate market will be an important driving force in the current round of stable growth policies. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, stated that with a focus on guiding the real estate industry to achieve a soft landing as soon as possible, under the principle of implementing policies based on the city, various regions will continue to exert efforts in moderately relaxing purchase and loan restrictions, increasing support for housing provident fund purchases, reducing real estate transaction taxes, and guiding the downward trend of residential housing loan interest rates. Additionally, in the