Recently, the People's Government of Zengcheng District, Guangzhou City issued a notice on the solicitation of eligible commercial resettlement housing for the Guangzhou (Xintang) to Shanwei Railway Project (Xintang Section) (hereinafter referred to as the "Notice"), proposing to purchase market-oriented commercial housing as resettlement housing for relevant railway projects and soliciting eligible residential housing (real estate enterprises) from the society. In fact, many parts of the country have recently attempted to digest existing commercial housing through government public solicitation or local state-owned enterprise acquisitions. "The government's practical actions of collecting reserves not only help boost market confidence and expectations, but also play a positive role in stabilizing the development of the real estate market." Chen Xueqiang, the research director of the South China Branch of China Index Research Institute, said. According to statistics from Kerui, as of now, at least 22 regions in China have issued policies related to the acquisition of existing commercial housing in accordance with local conditions. Securities Daily reporters have found that various regions have diversified collection and storage models tailored to local conditions. For example, on May 14th, Lin'an District of Hangzhou City issued a solicitation notice on the acquisition of commercial housing for use as a supplier of public rental housing, using the form of government public solicitation of housing resources, and the purchased commercial housing will be used as public rental housing. "The mode of government's open solicitation of housing resources can accelerate the de stocking of commercial housing." Zhang Bo, the director of 58 Anjuke Research Institute, stated in an interview with Securities Daily that in addition, the government acquisition model has strong market credibility and higher social recognition. According to data from Zhongzhi Research Institute, from January to April this year, the turnover cycle in Lin'an District, Hangzhou City was 31.1 months; As of the end of May, the urbanization cycle in Zengcheng District, Guangzhou has exceeded 26 months. In addition, some cities will combine the digestion of existing housing with the collection of affordable housing, adopting a "purchase on behalf of construction" approach, and local state-owned enterprises will purchase existing commercial housing as affordable housing. For example, on May 27th, the Housing and Urban Rural Development Bureau of Kunming City issued a notice on soliciting commercial housing for use as affordable housing, proposing that municipal state-owned enterprises will collect completed but not sold commercial housing for use as affordable housing in some administrative regions; On the 2nd of the 6th, the leading group for the pilot work of the long-term mechanism of real estate in Suzhou issued a notice on several policy measures to further promote the stable and healthy development of the real estate market in our city. It mentioned that local state-owned enterprises should adhere to the principle of "purchasing according to demand" and organize them to purchase some existing commodity housing at a reasonable price as affordable housing. Li Yujia, Chief Researcher of the Housing Policy Research Center of Guangdong Provincial Urban Planning Institute, told Securities Daily that the reason why local governments purchase existing commercial housing as affordable housing is due to the normalized demand for affordable housing construction, especially in hot cities where the task of affordable housing is heavy. In terms of cycle and cost, the purchase of existing housing is more cost-effective than incremental construction. The national video conference on effectively ensuring the delivery of affordable housing held on May 17th pointed out that "in cities with a large inventory of commercial housing, the government can order and purchase some commercial housing at a reasonable price as affordable housing.". On the same day, Dong Jianguo, Deputy Minister of Housing and Urban Rural Development, stated at the State Council Policy Regular Briefing held by the State Council Information Office to promote the digestion of existing commodity housing. The urban government adheres to the principle of "purchasing according to demand" and can organize local state-owned enterprises to purchase a portion of existing commodity housing at a reasonable price for use as affordable housing. When it comes to the significance of the government's collection and storage of existing commercial housing for other regions in the country, Zhang Bo said that such policies are worth learning from and promoting, but not all regions can simply copy them. "Generally speaking, regions that have both the difficulty of commercializing commercial housing and the need for affordable housing construction or resettlement housing supply in the region are more worthy of attention." Zhang Bo believes that the funding sources for the government's collection and storage of commercial housing can be diversified, such as through government subsidies for affordable housing, partial land transfer fees, and resettlement housing construction funds. Tao Ling, Vice President of the People's Bank of China, stated at the aforementioned State Council policy briefing that the People's Bank of China will establish a 300 billion yuan re loan for affordable housing. Encourage and guide financial institutions to follow the principles of marketization and rule of law, and support local state-owned enterprises to purchase completed but unsold commercial housing at reasonable prices, which will be used as allocated or leased affordable housing. It is expected to drive bank loans of 500 billion yuan. Li Yujia suggests that in the next step, various regions can establish a docking channel between the demand for public housing and the collection of existing housing, and coordinate and regulate aspects such as housing standards, project application, review and acquisition, funding sources, funding applications, and fund recovery. (Lai Xin She)