CMB International: The mainland property market remains a key focus for the authorities to boost domestic demand this year

Domestic media cited several sources close to domestic property developers indicating that regulatory authorities no longer require real estate companies to report the "three red lines" indicators every month. However, some companies with less than ideal financial conditions are still required to regularly report indicators such as asset-liability ratios. CMB International published a research report stating that it believes the real estate market will remain a key focus for the authorities to boost domestic demand this year. It is expected that policy departments will lower the LPR and implement financial subsidies to reduce the new mortgage loan interest rate from the current 3.1% to around 2.5%. Additionally, the central government and policy banks may support local governments in increasing their storage efforts