en.Wedoany.com Reported - Chinese regulators have issued the latest policy guidance for the real estate financing coordination mechanism. For projects already on the "whitelist," if specific conditions are met, loan extensions can be processed at the original lending bank, meaning related loans can be extended for up to five years.
The Ministry of Finance and the State Taxation Administration announced the continuation of tax preferential policies for public rental housing. This includes exempting urban land use tax on land occupied during and after the construction of public rental housing, exempting stamp duty related to the construction and management of public rental housing for operating entities, exempting deed tax and stamp duty on the purchase of housing as public rental housing, and exempting stamp duty on lease agreements for both lessors and lessees.
On January 14, the Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development issued an announcement to continue implementing individual income tax policies supporting residents' home replacement purchases. From January 1, 2026, to December 31, 2027, taxpayers who sell their own housing and purchase a new home within one year will be eligible for a refund of the individual income tax already paid.
On January 15, Zou Lan, spokesperson and Deputy Governor of the People's Bank of China, stated that the central bank, together with the National Financial Regulatory Administration, will lower the minimum down payment ratio for commercial housing purchase loans to 30%.
Ni Hong, Minister of Housing and Urban-Rural Development, published a signed article titled "Advancing Urban Renewal with High Quality" in *Qiushi* Journal. He pointed out that during the "15th Five-Year Plan" period, key urban renewal tasks such as renovating old residential communities, old neighborhoods, old factories, and urban infrastructure will involve a massive scale of direct investment, driving trillions of yuan in investment and consumption.
The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development issued the "Notice on Several Measures to Further Support Urban Renewal Actions," proposing that using existing land and housing resources to develop industries supported by the state can enjoy a transitional policy for a certain period without changing the land use subject or planning conditions.
The General Office of the State Council issued the "Work Plan for Accelerating the Cultivation of New Growth Points in Service Consumption," encouraging local governments to combine policies such as digesting existing real estate inventory to support the construction of travel and residence project land and service facilities, and legally revitalize idle rural land and housing.
In February, Minister of Housing and Urban-Rural Development Ni Hong stated that the basic housing needs of young people must be guaranteed, with vigorous development of government-subsidized rental housing and public rental housing, development of subsidized housing for sale, and support for local governments to appropriately increase the area of subsidized housing based on actual conditions.
The central bank proposed to promote the implementation of financial policy measures such as reloans for subsidized housing, improve the basic systems of real estate finance, and help build a new model for real estate development.
Since the beginning of 2026, several leading real estate companies, including Poly Developments, Huafa Industrial, China Overseas Land & Investment, and China Resources Land, have intensively initiated organizational restructuring, involving regional mergers, departmental streamlining, and compression of management levels, reflecting the industry's search for change during a period of sluggish sales.
Han Wensiu published an article in *Qiushi* titled "Adhere to Seeking Progress While Maintaining Stability, Improve Quality and Efficiency, and Strive for a Good Start to the '15th Five-Year Plan'", proposing to work from both the supply and demand sides of real estate, control increments, destock, and optimize supply according to city-specific policies, strive to stabilize the real estate market, and orderly promote the construction of safe, comfortable, green, and smart "good housing" to promote high-quality real estate development through building a new model for real estate development.
Mysteel collected real estate-related content from various local government work reports. Many local governments proposed actively revitalizing existing land, inefficient land, idle properties, and existing infrastructure, and promoting the construction of good housing and the renovation of urban villages.
In March, with the close of the Hong Kong Stock Exchange on March 3, Minmetals Land ended its 34-year listing history. Industry insiders pointed out that this was accompanied by the resource integration of MCC Group and China Minmetals Corporation, totaling over 60 billion yuan.
The "Government Work Report" mentioned real estate-related content, including controlling increments, destocking, and optimizing supply according to city-specific policies, exploring multiple channels to revitalize existing commercial housing, encouraging the acquisition of existing commercial housing for subsidized housing, deepening the reform of the housing provident fund system, optimizing the supply of subsidized housing, and accelerating the renovation of dilapidated and old housing.
Chen Changsheng, a member of the drafting group of the "Government Work Report" and Deputy Director of the Research Office of the State Council, stated that it is necessary to maintain the healthy development of the capital market, strive to promote the stabilization of the real estate market, and repair the balance sheets of residents and enterprises.
During the 2026 Two Sessions, multiple representatives and committee members offered suggestions on the real estate industry, mainly focusing on demand activation, inventory revitalization, "good housing" construction, and institutional optimization.
The Ministry of Natural Resources and the National Forestry and Grassland Administration issued the "Notice on Further Improving the Guarantee of Natural Resource Elements," clarifying that newly added construction land will, in principle, not be used for commercial real estate development. Experts stated that the era of large-scale new construction land for real estate development has ended, and the new cycle will focus on improving the quality of existing stock, urban renewal, and ensuring people's livelihoods.
In April, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development stated that in 2026, the central finance will continue to support some cities in implementing urban renewal actions, carrying out the construction of relatively concentrated and contiguous key model areas and the establishment of a sustainable urban renewal mechanism.
On April 22, 15 departments, including the Central Committee of the Communist Youth League, the Cyberspace Administration of China, and the National Development and Reform Commission, jointly issued the "Opinions on Deepening the Construction of Youth Development-Oriented Cities to Help Build Modern People's Cities," proposing to deeply implement the childcare subsidy system and explore birth support policies linked across multiple fields such as housing, transportation, and consumption.
The Political Bureau of the CPC Central Committee held a meeting on April 28, pointing out the need to effectively prevent and resolve risks in key areas, strive to stabilize the real estate market, and solidly advance urban renewal.
Mysteel statistics show that in the first quarter of 2026, 18 key real estate enterprises achieved total operating revenue of 193.079 billion yuan. Ten enterprises achieved profitability, among which Financial Street and *ST Zhongdi turned net losses into profits. China Overseas Land & Investment ranked first with a net profit of 4.11 billion yuan.
In May, a relevant official from the Ministry of Housing and Urban-Rural Development stated that local governments should integrally promote urban physical examination and urban renewal, adhere to the principle of physical examination before renewal and no renewal without physical examination, and strengthen the connection between the application of urban physical examination results and the implementation system of urban renewal planning.
The results of the selection for the 2026 central financial support for implementing urban renewal actions were announced. The 15 cities proposed for support are Jincheng, Anshan, Changchun, Wuxi, Ningbo, Ma'anshan, Quanzhou, Yantai, Luoyang, Jingzhou, Shenzhen, Guilin, Guiyang, Kunming, and Yinchuan.
The State Council issued the "15th Five-Year Plan for Urban Renewal," clarifying the main indicators for urban renewal during the "15th Five-Year Plan" period, including the renovation of 500,000 units/rooms of dilapidated and old urban housing, the start of renovation of 115,000 old urban residential communities, the renovation of 4,000 urban villages, and the renovation of 365,000 kilometers of urban underground pipeline networks.
In June, the Central State Organs Housing Provident Fund Management Center issued a notice expanding the scope of housing provident fund use, focusing on supporting the withdrawal of housing provident fund for the purchase of first ordinary housing and second improved housing consumption. Purchases of third or more housing can apply for housing provident fund withdrawal.
On June 8, Guan Peng, head of the Fixed Asset Investment Department of the National Development and Reform Commission, stated at a State Council policy briefing that in 2026, the central financial support for urban renewal will be 97 billion yuan, aimed at improving residents' living conditions and perfecting public service facilities, benefiting approximately 8 million households.
The Party Committee of the National Financial Regulatory Administration held an enlarged meeting, emphasizing the need to further leverage the role of the "ensure housing delivery" whitelist system and accelerate the formulation of a financing system suitable for the new model of real estate development.
Ding Xiangqun, Director of the National Financial Regulatory Administration, stated at the 2026 Lujiazui Forum that regulatory standards will be strengthened, efforts will be concentrated on tackling key issues, development risks will be prevented, a goal-oriented and problem-oriented approach will be adhered to, the bottom line of preventing systemic financial risks will be firmly held, risks of small and medium-sized financial institutions will be handled in a forceful and orderly manner, and support and cooperation will be provided to resolve real estate and local government debt risks.
