The reporter found that since June, many regions have introduced real estate optimization policies, mainly focusing on reducing down payment ratios, optimizing housing provident fund, and optimizing purchase restrictions. The policy content is broader and stronger than in previous years. Yan Yuejin, Chief research officer of E-House Research Institute, told the reporter of Securities Daily that the current is the key period for real estate enterprises to focus on sales, especially in the case of poor sales data from April to May, the purchase policy in June should be given more support. Overall, the expectation of subsequent policy easing will be strengthened, with new policies expected to be introduced in June, and some policy tools may exceed the scope of conventional tools in the past. On June 1, Qingdao Municipal Housing and Urban Rural Development Bureau, the People's Bank of China Qingdao Central Sub branch, and the China Banking and Insurance Regulatory Commission Qingdao Regulatory Bureau jointly issued the Notice on Promoting the Steady and Healthy Development of the Real Estate Market, stressing that the down payment ratio for housing purchase in non purchase restricted areas should be reduced to 20% for the first set and 30% for the second set; The down payment ratio in the restricted purchase area remains unchanged, with a minimum of 30% for the first set and 40% for the second set. At the same time, optimize the restrictions on sales, support rigid demand and improve demand. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, told Securities Daily that the Qingdao real estate market's new policies comprehensively cover the new and second-hand housing markets. From implementing differentiated credit policies, adjusting sales restrictions, reducing down payment ratios, promoting "mortgage transfer", promoting shantytown housing reform tickets, to purchasing existing housing as guaranteed rental housing, we will comprehensively increase support for the real estate industry from the demand side. This indicates that local governments are flexibly adjusting housing policies within their own jurisdiction based on the operational situation of the local real estate market, under the principle of "housing does not speculate" and "implementing policies according to the city", with the main goal of promoting the real estate industry to achieve a soft landing as soon as possible. Yan Yuejin stated that this policy adjustment in Qingdao indicates a slight increase in market pressure in the near future. It is expected that by the end of the second quarter, there will be further easing of policies for homebuyers in various regions, as well as measures in multiple dimensions. In addition to relaxing restrictions on sales and reducing down payments, optimizing housing provident fund is a key issue in the real estate market policies of various regions. For example, on June 1st, the Suzhou Housing Provident Fund Management Center reported that the balance of the housing provident fund can be withdrawn as a down payment without affecting the subsequent amount of the provident fund loan. It is understood that this policy is applicable to the large city of Suzhou (excluding industrial parks), namely Gusu District, High tech Zone, Xiangcheng District, Wuzhong District, Wujiang District, Kunshan City, Changshu City, Zhangjiagang City and Taicang City. Yan Yuejin believes that the policy of Suzhou's withdrawal of provident fund for down payment is very strong, which is not a simple policy adjustment at the provident fund level or is related to the overall direction of stable real estate transactions in Suzhou. This time, Suzhou clearly does not affect the loan amount, making this type of provident fund loan policy more applicable. Suzhou provident fund policy is of Weather vane significance, which indicates that there is a very good consensus on the revitalization of provident fund and the promotion of active housing transactions, which will also become the policy content actively promoted by all regions in June. According to incomplete statistics from the China Index Research Institute, since 2023, more than a hundred cities have introduced nearly 3% of real estate regulation policies in anticipation of further policy easing or strengthening