The Information Office of the State Council today held a series of thematic press conferences on the "opening remarks of authoritative departments" to introduce the relevant information on "strengthening confidence, upholding integrity and innovation, and serving the high-quality development of the real economy". Yi Gang, the president of the People's Bank of China, said at the meeting that the People's Bank of China will adhere to the positioning that houses are used for living, not for speculation, carefully summarize and learn the experience and lessons from the development of China's real estate market, work with the relevant financial departments to implement the policies that have been issued, support the rigid and improved housing demand, support the housing demand of new citizens, and support the development of the housing market with both rent and purchase, We will improve the basic system of real estate finance and the macro-prudential management system, and promote the smooth transition of the real estate industry to a new development model. Yi Gang said that the central government has paid close attention to the healthy development of the real estate market. Since the 19th National Congress, the guidelines and policies of the Party Central Committee on the regulation and control of real estate have been very clear and clear, that is, to adhere to the positioning that houses are used for living, not for speculation, to fully implement the long-term mechanism of stabilizing land prices, house prices and expectations, and to promote the virtuous cycle and healthy development of the real estate industry through urban policies. All departments and regions conscientiously implemented the long-term mechanism of real estate, and the rapid expansion of the real estate industry, the rapid rise in prices, and the foam trend of the real estate market were curbed. Yi Gang said that since the second half of 2021, some real estate enterprises represented by Evergrande have suffered from serious "high blood pressure" due to long-term "high leverage, high debt and high turnover" operation, and the balance sheet has remained in a high-risk state, and finally the risk is not sustainable. In addition, the central level of long-term demand in the real estate market has moved downward, and the impact of the epidemic for three years has a great impact on employment and income expectations. The superposition of multiple factors has amplified the spillover of the real estate market risk. "In response to the adjustment in the real estate market, the People's Bank of China issued 16 policies and measures at the end of last year to support the steady and healthy development of the real estate market. The market called it the '16 financial policies', and worked with relevant departments from both supply and demand to promote the smooth operation of the real estate market." Yi Gang said. From the demand side, due to the implementation of differentiated housing credit policies in the city, the real interest rate and down payment ratio continue to be guided downward to better support the demand for rigid and improved housing. By December last year, the average interest rate of newly issued individual housing loans had dropped by about 140 basis points from the end of last year. Except for a few hot cities, the minimum policy limit of down payment ratio in most cities has reached the national bottom line. From the supply side, we have promoted the implementation of 16 financial policies and measures to support the steady and healthy development of the real estate market, comprehensively implemented the plan to improve the balance sheet of high-quality real estate enterprises, weakened the excessive risk aversion of financial institutions, guided financial institutions to provide normal financing, and incorporated real estate enterprises into the support scope of private enterprise bond financing support tools, thus maintaining the smooth and orderly financing of the real estate market. At the same time, it launched a special loan of 350 billion yuan for guaranteed delivery of buildings, set up a loan support plan of 200 billion yuan for guaranteed delivery of buildings, and a loan support plan of 100 billion yuan for rental housing; Guide financial institutions to promote industry restructuring and mergers and acquisitions, and accelerate the marketization of risks. Yi Gang pointed out that with the improvement of the epidemic situation and epidemic prevention