Recently, the People's Government Office of Kundulun District issued the Notice on Printing and Distributing the "Kundulun District 2025 Action Plan for the Battle Against Pollution". The document emphasized optimizing industrial layout and fostering green productivity. It outlined efforts to build a hydrogen energy industrial cluster, promote large-scale hydrogen energy adoption, and establish green hydrogen production infrastructure and application scenarios. In line with the "Baotou City High-Quality Development Acceleration Action Plan for the ESS Industry", the district will accelerate building itself into "China's ESS Capital". The district will advance the construction of the "World Green Silicon Capital" with high quality, establish the Autonomous Region Silicon Industry Technology Innovation Center, and develop new sectors including heterojunction, back-contact battery, perovskite, and silicon carbide technologies. By strengthening whole-machine traction and coordinated supporting systems, and implementing projects like Longma Casting, the local procurement rate for wind turbine parts will exceed 85%, enhancing the development level of the entire industry chain for onshore wind power equipment. The full text is as follows: Notice of the People's Government Office of Kundulun District on Printing and Distributing the "Kundulun District 2025 Action Plan for the Battle Against Pollution" Kunfubanfa [2025] No. 4 To all subdistrict offices, towns, and relevant departments and units within and stationed in the district: Approved by the district government, the "Kundulun District 2025 Action Plan for the Battle Against Pollution" is hereby issued to you. Please implement it conscientiously in light of actual conditions. People's Government Office of Kundulun District May 29, 2025 Kundulun District 2025 Action Plan for the Battle Against Pollution To thoroughly implement the "Opinions of the CPC Central Committee and the State Council on Deepening the Battle Against Pollution", the "Notice of the Inner Mongolia Autonomous Region Party Committee and People's Government on Printing and Distributing the Implementation Plan for Deepening the Battle Against Pollution" (Neidangfa [2022] No. 13), and the "Baotou City 2025 Action Plan for the Battle Against Pollution" (Baofubanfa [2025] No. 23), and to continuously improve ecological environment quality, this plan is formulated based on the district's actual conditions. I. General Requirements Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and thoroughly implementing Xi Jinping Thought on Ecological Civilization, the plan fully adheres to the spirit of the 20th CPC National Congress and the second and third plenary sessions of the 20th CPC Central Committee. It firmly upholds the working principle of forging a strong sense of community for the Chinese nation, fully implements General Secretary Xi Jinping's important instructions for Inner Mongolia, and loyally fulfills his "One Innovation, Three Achievements" directive for Baotou. The plan unswervingly follows a new path of high-quality development prioritizing ecological protection and green development, persists in precise, scientific, and law-based pollution control, maintains intensity, extends depth, and expands breadth to deepen the battle against pollution. It coordinates efforts to reduce carbon emissions, cut pollution, expand green spaces, and promote growth, continuously improving ecological environment quality. II. Main Objectives The concentration of PM2.5 and the ratio of days with good air quality should meet the targets set by the municipal government. The proportion of surface water assessment sections with water quality reaching or exceeding Class III should reach 83.3%, and the achievements in treating black and odorous water bodies in built-up areas should be further consolidated. The overall environmental quality of soil and groundwater should remain stable, with a 100% safe utilization rate of key construction land. The water quality at "double-source" points should remain stable overall, and the treatment rate of rural and pastoral areas' domestic sewage should reach 86.2%. The reduction in carbon dioxide emissions per unit of GDP should meet the targets set by the municipal government. The quality and stability of ecosystems should continue to improve, with steady progress in forest coverage and comprehensive vegetation coverage of grasslands. III. Accelerating the Promotion of Green and Low-Carbon Development (1) Accelerating the Carbon Peak and Carbon Neutrality Process 1. Actively participate in the national carbon emissions trading market, cooperate with municipal departments to complete the review and data verification of greenhouse gas emissions reports from enterprises in key industries, and systematically organize key enterprises in the steel industry to carry out monthly information-based carbon emission certification management. Leading Unit: Kun District Branch of Baotou City Ecological Environment Bureau (2) Optimizing Industrial Layout and Cultivating Green Productivity 2. Make every effort to build a hydrogen energy industry cluster, promote the scale-up of hydrogen energy, and deploy a batch of green hydrogen production and utilization infrastructure and application scenarios. Leading Units: Kun District Development and Reform Commission, Kun District Industry and Information Technology Bureau 3. Implement the tasks outlined in the "Action Plan for Accelerating the High-Quality Development of Baotou City's Energy Storage Industry" and accelerate the building of Baotou as the "Capital of China's Energy Storage Industry". Leading Units: Kun District Development and Reform Commission, Kun District Industry and Information Technology Bureau 4. Promote the high-quality construction of the "World Green Silicon Capital", establish an autonomous region-level silicon industry technology innovation center, and develop new tracks such as heterojunction, back-contact batteries, perovskite, and silicon carbide. Leading Units: Kun District Development and Reform Commission, Kun District Industry and Information Technology Bureau 5. Promote the upgrading of the "Two Rare Earth Bases" to enhance their capabilities, implement projects such as the second phase of the green smelting upgrade and transformation of China Northern Rare Earth, and improve the comprehensive application level of rare earths. Strengthen the traction of complete machines and collaborative support, implement projects such as Longma Casting, achieve a local support rate of over 85% for wind turbine complete machine parts, and enhance the development level of the entire industry chain for onshore wind power equipment. Leading Unit: Kun District Industry and Information Technology Bureau (3) Promoting the Green and Low-Carbon Transformation and Upgrading of Traditional Industries and Cleaner Production 6. Accelerate the upgrading and transformation of existing enterprises, focus on implementing traditional industry transformation projects such as the automation and intelligent transformation of Baotou Steel's production lines, and enhance the high-end, intelligent, digital, clean, and low-carbon levels of production and management in key enterprises. The key sections of Baotou Steel will complete upgrades and renovations by 2025. Leading unit: District Industry and Information Technology Bureau 7. Continuously promote cleaner production, aligning closely with the autonomous region's pollution prevention and control, as well as energy conservation and carbon reduction tasks. Focus on key industries such as energy, metallurgy, and electroplating to intensify cleaner production audits. Leading units: District Development and Reform Commission, District Industry and Information Technology Bureau, and Kun District Branch of Baotou City Ecological Environment Bureau 8. Promote the low-carbon and green transformation of energy, actively and steadily reducing coal consumption, striving to achieve a new grid-connected capacity exceeding 20MW, and accelerating the construction of new-type energy storage power station projects. Leading units: District Development and Reform Commission, District Industry and Information Technology Bureau 9. Organize and carry out water conservation actions, deeply promoting agricultural water conservation and efficiency enhancement, raising the effective utilization coefficient of farmland irrigation water to 0.71. Strengthen industrial water conservation and emission reduction, urban water conservation and loss reduction, and promote the completion of two water conservation renovation projects. Promote the utilization of urban reclaimed water and cooperate with municipal departments to advance the construction of reclaimed water pipelines. Leading units: District Agriculture and Animal Husbandry Bureau, District Industry and Information Technology Bureau, and District Housing and Urban-Rural Development Bureau (IV) Strengthen the regulation of territorial space use and zoning control of the ecological environment 10. Align with the zoning and use regulation requirements of territorial space planning, based on the main functional orientation and resource-environmental carrying capacity, implement the hard constraints of the ecological environment protection red line, environmental quality baseline, and resource utilization upper limit into environmental control units. Establish differentiated ecological environment access lists and strengthen the application of zoning control results for the ecological environment. Leading units: Kun District Branch of Baotou City Natural Resources Bureau and Kun District Branch of Baotou City Ecological Environment Bureau 11. Implement the requirements of the "Interim Provisions on the Zoning Control and Management of the Ecological Environment," strictly control the access of high-energy-consuming and high-emission projects, implement the dual control system for energy consumption intensity and total amount, strictly enforce industrial access standards, and significantly slow down the growth trend of energy consumption and carbon emissions in the industrial sector under the premise that new projects meet the dual control requirements for energy consumption in our district. Leading units: District Development and Reform Commission, District Government Affairs and Data Service Bureau, and Kun District Branch of Baotou City Ecological Environment Bureau (V) Advocate a green and low-carbon lifestyle 12. Carry out the work of creating resource-efficient government agencies, improve the energy and resource conservation management system, promote green office practices, and increase green procurement efforts. By 2025, the proportion of green products in government procurement will reach 30%. Leading units: District Government Agency Affairs Service Center and District Finance Bureau IV. Deeply win the battle for blue skies (VI) Continuously promote in-depth governance of key industries 13. Promote in-depth governance of key industries with high quality. Accelerate the implementation of two air pollution control projects, including the enclosed stockyard project for the steel scrap area in the Baogang Storage Center. In accordance with the city's requirements, promote the transformation of enterprises to meet special emission limits for air pollutants. Leading Unit: Kunqu Branch of Baotou Ecological Environment Bureau (VII) Comprehensively Strengthen Ozone Pollution Prevention and Control in Summer 14. Strengthen the comprehensive management of volatile organic compounds (VOCs) throughout the entire process and all links, promote the upgrading and transformation of VOCs treatment facilities, and implement the VOCs upgrading and transformation project of Baotou Jinmeng Rare Earth Co., Ltd. Encourage enterprises in key industries involving VOCs to implement staggered production during peak summer periods. Strengthen the control of the rising trend of ozone concentration in summer, with relevant departments increasing the frequency of watering and cooling in key areas during high-temperature periods. Leading Units: District Industry and Information Technology Bureau, Kunqu Branch of Baotou Ecological Environment Bureau, District Law Enforcement Bureau (VIII) Further Promote the Low-Carbon Transformation of the Transportation Sector 15. Implement pollution control measures for diesel vehicles (engines), strengthen the supervision of the production, sales, registration, use, inspection, and maintenance of diesel trucks, increase the intensity of random inspections of vehicle fuel quality, and investigate and punish the production and sale of vehicle fuels that do not meet national standards in accordance with the law. Further strengthen the management of heavy-duty diesel trucks passing through urban areas. Leading Units: District Market Supervision Administration, Hexi Traffic Management Brigade 16. Promote the construction of green transportation in multiple ways, advance the construction of an integrated platform for smart parking and charging, and vigorously promote electric heavy-duty trucks and new energy vehicles. Leading Units: District Housing and Urban-Rural Development Bureau, District Industry and Information Technology Bureau (IX) Promote the Control of Air Diffuse Pollution and Noise Pollution 17. Strengthen the supervision of open-air burning bans. Increase the intensity of investigations and punishments for issues such as straw, garbage, and leaf burning, continue to implement the "Decision on Banning the Setting Off of Fireworks and Firecrackers, Lighting Kongming Lamps, Building Bonfires, and Burning Sacrificial Offerings," and focus on reducing the pollution caused by setting off fireworks and firecrackers during important festivals. Further establish and improve the storage, collection, and transportation system for crop straw, with the comprehensive utilization rate of straw reaching 90%. Leading Units: District Law Enforcement Bureau, District Public Security Bureau, District Emergency Management Bureau, District Agriculture and Animal Husbandry Bureau, various subdistricts and towns 18. Strengthen the control and management of dust pollution, implement the dust prevention and control responsibilities of construction units and contractors, and strictly enforce the "six 100% requirements." Strengthen urban cleaning and sweeping, with the mechanized sweeping rate of roads in urban built-up areas reaching 80%. Strengthen the control of dust from exposed urban land, and promptly take dust prevention measures such as greening, hardening, and cleaning. Vehicles transporting materials such as coal and slag shall implement measures such as full enclosure and covering. Strengthen the management and control of dust pollution from industrial enterprises, and supervise enterprises to implement the requirement of fully enclosing powdered material storage yards within their factory premises. Leading units: Kun District Housing and Urban-Rural Development Bureau, Kun District Law Enforcement Bureau, and the Kun District Branch of Baotou Ecological Environment Bureau 19. Thoroughly implement actions for fume control and noise pollution prevention, vigorously addressing public complaints about fumes, odors, and noise from catering establishments. Conduct "double random, one public" inspections of catering establishments along streets, strengthen supervision to urge catering fume enterprises along streets to regularly maintain and clean their equipment, and ensure the stable and efficient operation of catering fume purification facilities. Strengthen pollution source management for key noise emission sources in industrial production, construction, transportation, and social life, and strictly investigate and handle noise disturbances. Leading units: Kun District Law Enforcement Bureau, Kun District Public Security Bureau, and the Kun District Branch of Baotou Ecological Environment Bureau (X) Focus on winning the battle to eliminate heavy pollution weather 20. Actively respond to potential pollution weather. Continuously improve the emergency emission reduction list for heavy pollution weather, achieving full coverage of gas-related enterprises. Complete the revision of the emergency emission reduction list by the end of September and make dynamic adjustments. Leading unit: the Kun District Branch of Baotou Ecological Environment Bureau 21. Implement differentiated management and control focusing on key industries. Conduct performance grading for enterprises included in the emergency emission reduction list for heavy pollution weather and implement differentiated management. Leading unit: the Kun District Branch of Baotou Ecological Environment Bureau V. Thoroughly win the battle to protect clear waters (XI) Implement projects to improve and enhance water environment quality 22. Ensure that six nationally monitored assessment sections meet the standards, with the proportion of surface water bodies of good quality (reaching or exceeding Class III) reaching 83.3% (dry-up sections are counted as meeting the standards). Leading unit: the Kun District Branch of Baotou Ecological Environment Bureau 23. Strengthen supervision and management of riverine sewage outlets, consolidate and enhance the quality and efficiency of riverine sewage outlet investigation and rectification work. Leading units: the Kun District Branch of Baotou Ecological Environment Bureau, Kun District Housing and Urban-Rural Development Bureau, and Kun District Agriculture and Animal Husbandry Bureau 24. Continuously promote the comprehensive treatment project for separating rainwater from sewage, implement a 21-month concentrated action for comprehensive treatment of separating rainwater from sewage, and carry out systematic projects such as eliminating blind spots in pipeline network coverage, rainwater interception pipelines, renovation of old pipelines, and treatment of waterlogging points. Promote the construction of pipeline projects along Jingyi Road. Leading units: Kun District Housing and Urban-Rural Development Bureau and the Kundulun Economic and Technological Development Zone 25. Consolidate the achievements in treating black and odorous water bodies in the southern and northern sections of the Kunhe River in Baotou and prevent them from reverting to black and odorous conditions. Launch a rural black and odorous water body treatment campaign. Leading units: Kun District Housing and Urban-Rural Development Bureau and the Kun District Branch of Baotou Ecological Environment Bureau Responsible units: Kunhe Town, Buerhantu Town, and Kunbei Subdistrict Office (XII) Consolidate and enhance the level of drinking water safety assurance 26. We will promote the standardized construction of drinking water source areas and carry out the work of dividing and adjusting the water source protection zones of centralized drinking water source areas. We will continue to carry out the work of dividing, demarcating, and establishing markers for water source protection zones, as well as conducting inspections and rectifications for centralized drinking water source areas in townships and rural areas. The water quality compliance rate of centralized drinking water source areas in cities has reached 100%. Leading unit: Kunqu Branch of Baotou Ecological Environment Bureau 27. Strengthen the supervision and management of drinking water hygiene and safety, and carry out random inspections and special supervision and inspections of domestic drinking water. Supervise and randomly inspect the water quality of the finished water from directly managed domestic drinking water supply units and the water quality of the water tanks in secondary water supply units, and promptly publicize the water quality detection results. Leading unit: District Health Commission (XIII) Promote the improvement of the ecological environment in key water areas 28. Strictly implement the river and lake chief system, improve the three-level organizational system for river and lake chiefs, and increase the supervision and inspection efforts for river and lake chiefs at all levels in the Kundulun River, Beijiao Flood Diversion Channel, Hademen Channel, Hubenhai Channel, Wulashan Flood Diversion Channel, Dabuchan Channel, and Pingfang Channel. Leading unit: District Agriculture and Rural Affairs Bureau 29. Promote the integrated construction of "beautiful rivers and lakes" and the integration of mountains, rivers, forests, farmlands, lakes, grasslands, and deserts, and actively apply for central financial support for beautiful rivers and lakes and integrated projects for mountains, rivers, forests, farmlands, lakes, grasslands, and deserts. Effectively protect wetland ecosystems and continue to promote the restoration projects for degraded wetlands. Leading units: District Agriculture and Rural Affairs Bureau, Kunqu Branch of Baotou Ecological Environment Bureau Responsible units: Buerhantu Town, Kunlun New Development Company, and Kundulun Economic and Technological Development Zone VI. Deepen the battle to safeguard clean soil (XIV) Continue to effectively manage agricultural and rural pollution 30. Focus on "clearing four piles and rectifying four disorders" and carry out village cleaning actions centered on "three clearings and one change". Strengthen the construction of a system for collecting, transporting, and disposing of domestic waste in administrative villages in rural and pastoral areas, establish a long-term mechanism for village environmental protection and maintenance, and promote unified planning, construction, operation, and management of urban and rural sewage and waste treatment. Leading units: District Agriculture and Rural Affairs Bureau, District Law Enforcement Bureau 31. Strengthen the prevention and control of agricultural non-point source pollution. The coverage rate of soil testing and formulated fertilization technology for major crops remains stable at over 90%. Continue to promote the reduction and efficiency enhancement of chemical fertilizers and pesticides, the supervision and resource utilization of livestock and poultry manure pollution, and achieve a comprehensive utilization rate of over 90% for livestock and poultry manure resources. Establish recycling and disposal sites for waste agricultural films according to local conditions, and maintain a recycling and disposal rate of over 85% for agricultural films in key film-covered areas. Leading units: District Agriculture and Rural Affairs Bureau, Kunhe Town, Buerhantu Town, and Kunbei Subdistrict Office (XV) Promote soil pollution prevention, control, and safe utilization 32. We will strengthen the safe utilization and strict control of contaminated cultivated land. We will conduct inspections of enterprises involved in cadmium and other heavy metals, and fully implement measures for safe utilization and strict control. We will strictly enforce the access management of construction land, strengthen joint supervision, and promote the implementation of soil pollution status surveys, reviews, and risk assessments for plots designated for "residential, public service, and public management facilities" in accordance with the law before land supply, to ensure the effective protection of the safe utilization of key construction land. Leading units: Kunqu Branch of Baotou Ecological Environment Bureau, Kunqu Branch of Baotou Natural Resources Bureau 33. Update the list of key units under supervision for soil pollution, supervise and guide these units to strictly implement self-monitoring, hidden danger investigation, and quality improvement work for the soil environment. Dynamically update the list of priority plots under supervision, implement pollution control measures for plots included in the priority supervision list, and ensure that the soil pollution control rate reaches over 95%. Leading unit: Kunqu Branch of Baotou Ecological Environment Bureau (XVI) Strengthen the prevention and control of groundwater pollution 34. Coordinate with municipal departments to conduct monitoring in the surrounding areas of national groundwater monitoring and assessment points, and achieve the environmental quality goals for these points. Supervise and guide key pollutant-discharging units to implement self-monitoring of groundwater. Leading unit: Kunqu Branch of Baotou Ecological Environment Bureau (XVII) Promote the prevention and control of solid waste pollution and the governance of emerging pollutants 35. Further promote the construction of "zero-waste cities," and organize the completion of the "14th Five-Year Plan" for zero-waste city construction. Continuously consolidate and expand the collaborative governance model for industrial solid waste and abandoned mine pits with distinctive characteristics, and strengthen environmental supervision of collaborative governance projects. Promote the implementation of projects for the comprehensive utilization of industrial solid waste to achieve a continuous reduction in the intensity of solid waste generation. By 2025, the harmless treatment rate of urban domestic waste will reach 100%. Leading unit: Kunqu Branch of Baotou Ecological Environment Bureau Responsible units: Kunqu Branch of Baotou Natural Resources Bureau, Kunqu District Industry and Information Technology Bureau, Kunqu District Law Enforcement Bureau VI. Effectively safeguard ecological and environmental security (XVIII) Improve the quality and stability of ecosystems 36. Steadily advance the follow-up work on the integration and optimization of nature reserves, and cooperate with the autonomous region to fully promote the application for the establishment of the Daqingshan National Park. Continue to promote the "Green Shield" special action, strictly investigate and handle ecological damage issues in nature reserves, strengthen the supervision of ecological protection red lines, and ensure that the area, function, and nature of these red lines are not reduced or altered. Leading units: Kunqu District Agriculture and Animal Husbandry Bureau, Kunqu Branch of Baotou Natural Resources Bureau, Kunqu Branch of Baotou Ecological Environment Bureau (XIX) Promote comprehensive environmental governance of mines 37. We will deepen the governance of the geological environment in mines and continue to promote the construction of green mines. We will complete the restoration and governance of 0.077 square kilometers of abandoned mines left over from history and establish two new green mines. Leading Unit: Kunqu Branch of Baotou Natural Resources Bureau (XX) Strictly Prevent and Control Environmental Risks in Key Areas 38. Strengthen the supervision and management of nuclear and radiation environmental safety, and comprehensively conduct inspections for nuclear and radiation safety hazards in units utilizing nuclear technology. Actively carry out special actions to combat violations of radiation safety regulations, and organize enterprises involved in the development and utilization of associated radioactive ores to publish monitoring information as required. Leading Unit: Kunqu Branch of Baotou Ecological Environment Bureau 39. Strengthen the environmental supervision of hazardous wastes, formulate a work plan for the standardized environmental management assessment of hazardous wastes in 2025, and continuously improve the standardized environmental management level of hazardous wastes. Centering on standardized assessment indicators such as the filing of hazardous waste management plans and the submission of monthly reports, organize enterprises to conduct self-inspections and regulatory units to conduct spot checks and assessments to ensure that the pass rate of spot checks for hazardous waste generation units and operating units remains above 98%. Leading Unit: Kunqu Branch of Baotou Ecological Environment Bureau 40. Strengthen the prevention and control of environmental risks in tailings ponds. Implement the "Implementation Plan for Tailings Pond Governance in the Yellow River Basin of Baotou City during the 14th Five-Year Plan Period", regularly conduct inspections for safety and environmental risk hazards in tailings ponds, dynamically adjust the environmental supervision list of tailings ponds, and improve the information entered into the "National Tailings Environmental Management System". Strictly review access conditions, effectively reduce tailings inventory, and improve the emergency management system and mechanism for tailings ponds. The comprehensive governance tasks for tailings ponds will be basically completed by 2025. Leading Unit: District Emergency Management Bureau Responsible Unit: Kunqu Branch of Baotou Ecological Environment Bureau 41. Steadily promote the inspection and rectification of industrial solid waste storage sites. Organize and carry out special actions for the inspection of environmental risk hazards in industrial solid waste storage sites, and promote the rectification of storage sites based on the national inspection results for typical large-scale industrial solid waste storage sites, gradually resolving environmental risk hazards. Leading Unit: Kunqu Branch of Baotou Ecological Environment Bureau (XXI) Strengthen Environmental Emergency Management 42. Steadily promote the inspection, governance, and prevention of hidden dangers in sudden environmental incidents, conduct dynamic management and safety risk assessments for enterprises with key environmental protection facilities, carry out emergency drills for sudden environmental incidents, and enhance environmental emergency response capabilities. Formulate an implementation plan for the fundamental improvement of production safety in the ecological environment system in 2025, strengthen coordination with emergency response units, and enhance environmental emergency management. Leading Unit: Kunqu Branch of Baotou Ecological Environment Bureau Responsible Units: District Emergency Management Bureau, District Industry and Information Technology Bureau (XXII) Improve the Environmental Governance System 43. We will ensure the rectification of issues identified in ecological and environmental protection inspections. We will strengthen scheduling and supervision, conduct risk anticipation and early warning, and effectively resolve bottlenecks and difficulties. We will continue to consolidate the rectification achievements of issues such as "inadequate supervision system for construction waste" and "persistent 'four types of chaos' issues in river channels". We will promote the timely and quality-assured rectification of issues identified in inspections. We will strive to complete 24 rectification tasks for 2025 one month ahead of schedule and close them on time, and strive to complete some rectification tasks for 2026 ahead of schedule. We will organize a "review" of rectification achievements, conduct a comprehensive review and analysis of issues that have been rectified, and resolutely prevent false rectification, perfunctory rectification, and rebound of issues. Leading Unit: Kunqu Branch of Baotou Ecological and Environmental Protection Bureau Responsible Units: District Development and Reform Commission, District Industry and Information Technology Bureau, Kunqu Branch of Baotou Natural Resources Bureau, District Housing and Urban-Rural Development Bureau, District Law Enforcement Bureau, District Agriculture and Animal Husbandry Bureau 44. Optimize ecological and environmental law enforcement and supervision. We will continue to carry out special campaigns such as "cracking down on environmental violations and crimes related to hazardous waste" and "combating fraudulent practices in automatic monitoring data by key pollution discharge units", as well as special rectification actions targeting "fraudulent practices by third-party environmental protection service institutions". We will do a good job in supervision and law enforcement in nature reserves and ecological and environmental law enforcement inspections, solidly carry out law enforcement work in the field of new pollutants, and strengthen the promotion and application of intelligent supervision platforms for ecological and environmental law enforcement. We will carry out law enforcement training activities to further improve the theoretical literacy of law enforcement personnel and their ability to use new equipment, and comprehensively strengthen the capacity building of ecological and environmental law enforcement teams. Leading Unit: Kunqu Branch of Baotou Ecological and Environmental Protection Bureau 45. Strictly implement the performance appraisal requirements of the autonomous region, improve the utilization efficiency and execution rate of central and autonomous region's financial funds for ecological and environmental protection, use special funds in compliance with regulations, and avoid any irregular use of funds. Leading Units: District Finance Bureau, District Housing and Urban-Rural Development Bureau, Kunqu Branch of Baotou Ecological and Environmental Protection Bureau 46. Promote nationwide actions for ecological and environmental protection, extensively carry out themed publicity activities such as "Beautiful China, I Am an Actor", and build a "grand publicity and education" work pattern for ecological civilization construction with the participation of the entire population. We will actively demonstrate the achievements in improving ecological and environmental quality to the public and provide basic data for promoting ecological civilization construction. Leading Unit: Kunqu Branch of Baotou Ecological and Environmental Protection Bureau 47. Conscientiously implement strategic deployments such as the integrated development of Hohhot, Baotou, Ordos, and Ulanqab, and the high-quality development of Hohhot-Baotou urban integration, strengthen joint prevention and control with neighboring cities, and collaboratively implement emergency control measures for heavy pollution weather. Leading Unit: Kunqu Branch of Baotou Ecological and Environmental Protection Bureau VIII. Safeguard Measures All departments and units should resolutely shoulder the political responsibility for ecological civilization construction and ecological and environmental protection, strictly implement the principle of "shared responsibility by Party and government leaders, and dual responsibility for each post", and treat the battle against pollution as a major political task and a livelihood project. We should earnestly implement the responsibility list for ecological and environmental protection, strengthen division of labor and accountability, enhance coordination and linkage, and form a strong synergy of joint efforts to promote the implementation and effectiveness of various tasks. We should align our work with the assessment of the effectiveness of the battle against pollution, and take the implementation and completion status as an important reference for the performance assessment of leading cadres. We should strengthen financial support, optimize the allocation of fiscal resources, ensure that the scale of investment matches the construction tasks, strengthen policy support in areas such as fiscal and taxation, finance, and pricing, promote innovation in ecological and environmental protection-oriented development models and investment and financing models, and guide various financial institutions and social capital to invest. We should strengthen scientific and technological support, focus on the green development of industries, promote technological innovation in key areas, promote advanced and applicable pollution prevention and control technologies and equipment, improve the efficiency of pollution control, accelerate the digital and intelligent construction of ecological and environmental protection, and enhance the accuracy, intelligence, and efficiency of ecological and environmental protection and management. We should strengthen team building, enhance the construction of high-level talent teams in the field of ecological and environmental protection, and attract and cultivate first-class researchers and technical talents. We should strengthen the construction of the integrity system, establish and improve the environmental credit evaluation system, and implement joint punishment for severely dishonest enterprises. We should strengthen publicity and guidance, increase the proactive disclosure of environmental information and public participation in assessment, and form a collaborative governance pattern led by the government, with enterprises as the main body, and supervised by society. Source: People's Government of Kundulun District

SMM July 10 News: Expectations of favorable property market policies intensified, with some developers posting strong performance. Coupled with the main index surpassing 3,500, market funds' favour for the real estate sector drove its afternoon rally on July 10. At market close, the real estate development sector led the gains with a 3.04% rise, while the real estate services sector gained 2.3%. Among individual stocks, China Fortune Land Development, Shenzhen Special Real Estate, Everbright Jiabao, Yuka Development, Nanshan Holdings, and Greenland Holdings hit the daily limit-up. Financial Street, Seazen Holdings, Beijing Capital Development, Teff Service, and 5i5j Group were among the top gainers. On the news front, the National Development and Reform Commission (NDRC) Urban and Small Town Reform and Development Center recently stated that to achieve the new-type urbanization target by 2035, it is essential to follow trends, seize the key period of strong urbanization momentum, and advance four high-quality new-type urbanization actions to support Chinese modernization. The Beijing Municipal Government issued the "Beijing Action Plan for Deepening Reforms and Boosting Consumption," mentioning optimized new housing supply. On July 8, Binhu District in Wuxi released measures to further promote housing consumption, including supporting home purchases by "Super League" players and spectators. News [NDRC Urban and Small Town Reform and Development Center: Leveraging "Two Major" and "Two New" Funds to Increase Investment in Key Areas of New-Type Urbanization] The National Development and Reform Commission (NDRC) Urban and Small Town Reform and Development Center recently emphasized anchoring the new-type urbanization goal by 2035, urging alignment with trends and leveraging the current strong urbanization momentum to implement four high-quality actions supporting Chinese modernization. Specifically, it proposed using funds from the program of implementing major national strategies and building up security capacity in key areas ("Two Major") and the program of large-scale equipment upgrades and consumer goods trade-ins ("Two New") to boost investment in key urbanization sectors. First, expanding "Two Major" projects to support eligible initiatives like new-round rural-to-urban migration, urbanization in potential regions, modern metropolitan cultivation, urban renewal, and safety resilience, while extending coverage to weaker areas like living environments, municipal facilities, and industrial support. Second, tailoring trade-in policies for different rural migrant groups (older generation, new generation) based on consumption traits, incorporating them into "Two New" support. Third, allowing population-inflow cities to utilize ultra-long special treasury bonds and local government special bonds to reclaim idle land and acquire surplus homes, continuously expanding affordable housing supply for rural migrants. [Z6/][Beijing: Studying and Formulating "Mortgage Transfer" Policy for Individual Housing Loans with Housing Provident Fund and Launching Related Services] The Beijing Municipal People's Government issued the Action Plan for Deepening Reforms and Boosting Consumption, which mentioned optimizing new housing supply. Priority will be given to supplying residential land near rail transit stations and areas with high employment density, improving the "guaranteed + market" housing supply system. Further leveraging the role of the housing provident fund, it supports contributors in applying for individual housing loans with the housing provident fund while using their provident fund to pay the down payment for home purchases. The policy on "mortgage transfer" for individual housing loans with the housing provident fund is being studied and formulated, and related services are being launched. It encourages the provision of products and services such as house renovation design, customized whole-house decoration, and smart home solutions, promoting integrated indoor full-smart assembly and whole-house intelligent IoT. Encouraging the construction of smart communities, exploring the "property management + life services" model, developing community-embedded service facilities, and achieving full coverage of the "15-minute convenience living circle".[Z7/][Ministry of Housing and Urban-Rural Development: Continuously Consolidating the Stable Situation of the Real Estate Market] A research team from the Ministry of Housing and Urban-Rural Development recently visited Guangdong and Zhejiang provinces. The team stated that promoting the stable, healthy, and high-quality development of the real estate market is of great significance. All regions must take up their responsibilities, fully utilize the autonomy in real estate regulation policies, adopt city-specific and precise measures, enhance the systematic and effective implementation of policies, and continuously consolidate the stable situation of the real estate market. The team required accelerating the construction of safe, comfortable, green, and smart "good houses" to meet the new expectations of the people. Efforts should be made to stabilize expectations, activate demand, optimize supply, and mitigate risks, pushing for a stronger recovery in the real estate market. The team pointed out that, in the face of complex domestic and overseas economic conditions, all regions and relevant departments have resolutely implemented the decisions and plans of the CPC Central Committee and the State Council. The battle for ensuring housing delivery has been advanced powerfully, effectively safeguarding the legitimate rights and interests of homebuyers. The continuous implementation of the stimulus policy package has led to a YoY increase in the total volume of new and second-hand home transactions in H1, with the real estate market generally maintaining a stable situation. The proportion of second-hand home transactions is gradually increasing, with several provinces seeing more second-hand home transactions than new homes, presenting new characteristics in the real estate market. (Xinhua News Agency)[Z8/] Click for more details [Z9/][PBOC: Strengthening Support for Scientific and Technological Innovation and Boosting Consumption, Exploring Regularized Institutional Arrangements to Maintain Capital Market Stability] The 2025 Q2 (109th overall) meeting of the People's Bank of China Monetary Policy Committee was held on June 23. The meeting discussed deepening financial supply-side structural reforms, pointing out the need to guide large banks to play a leading role in serving the real economy, promote small and medium-sized banks to focus on their primary responsibilities, support banks in replenishing capital, and jointly maintain the stable development of the financial market.[Z10/]Effectively implement various structural monetary policy tools, solidly advance the "five major areas" in finance, intensify support for scientific and technological innovation and consumption stimulation, and strengthen financing support for key areas including "two major strategies" and the "two new initiatives." Utilize swap facilities for securities, funds, and insurance companies as well as share repurchase and equity increase relending, explore institutional arrangements for normalization, and maintain capital market stability. Continue providing financial services that support the development and growth of the private sector, fully leverage the coordination mechanism for micro and small enterprise financing, and further eliminate bottlenecks and obstacles in SME financing. Vigorously promote the implementation of introduced financial policies and measures, intensify efforts to revitalize existing commercial housing and land inventories, sustainably consolidate stable real estate market conditions, improve foundational real estate financial systems, and facilitate the establishment of a new development model for the sector. Effectively advance high-level two-way financial opening-up, and enhance economic and financial management capabilities and risk prevention and control capacities under opening-up conditions. [He Lifeng Pointed Out During Inspection in Hebei: Actively Expand Domestic Demand, Boost Consumption, and Better Promote High-Quality Economic Development] According to Xinhua News Agency, He Lifeng, Member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, stated during an inspection in Hebei from the 23rd to 24th that we should thoroughly study and implement the guiding principles of General Secretary Xi Jinping, conscientiously carry out the decisions and arrangements of the CPC Central Committee and the State Council, accelerate the establishment of a unified national market, actively expand domestic demand and boost consumption, expedite the establishment of a new real estate development model, develop new quality productive forces in line with local conditions, and better promote high-quality economic development. He Lifeng visited Handan and Xingtai to conduct field inspections of home appliance trade-in activities, real estate development and sales, and the development of new energy and new materials industries, gaining an in-depth understanding of the economic situation in H1, business operations of relevant enterprises, and major challenges faced. He pointed out that since the beginning of this year, China's economy has maintained positive momentum amid pressures, with continuously boosted social confidence. We should continue to ensure the effective implementation of trade-in policies for major durable consumer goods and stabilize market expectations in a robust manner. Relevant cities may, based on actual conditions and with the goal of greater convenience, integrate consumer goods trade-ins with urban renewal initiatives to better stimulate consumption potential. We should sustainably consolidate stable real estate market conditions, accelerate the establishment of a new real estate development model, and better meet the people's new expectations for "high-quality housing." We should intensify efforts to promote stable volume growth and quality improvement in foreign trade production enterprises, and advance the integrated development of domestic and foreign trade. We should strictly implement requirements for strengthened supervision and risk prevention, and effectively prevent and defuse risks of local small and medium-sized financial institutions in an orderly manner. We should focus on core businesses, continuously promote innovative development of enterprises in high-end equipment manufacturing, intelligent PV, clean energy, new materials, and other sectors, and comprehensively address cut-throat competition. Efforts should be accelerated to transform and upgrade economic and technological development zones, enhance specialized service capabilities for enterprises within these zones, and develop new quality productive forces in line with local conditions. He Lifeng urged relevant departments and local authorities to conduct in-depth research, actively explore innovations, promptly address practical challenges faced by enterprises, effectively address the impacts of external shocks, and fully achieve the economic work targets for H1 and the entire year to better promote high-quality economic development. [The 12th meeting of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) Standing Committee holds a plenary session, with speeches delivered on "further deepening economic restructuring and advancing Chinese modernization"] According to Xinhua News Agency, the 12th plenary session of the 14th National Committee of the CPPCC Standing Committee convened on the afternoon of the 24th, where 14 CPPCC National Committee members delivered speeches on "further deepening economic restructuring and advancing Chinese modernization." Wang Huning, member of the Political Bureau of the CPC Central Committee and Chairman of the CPPCC National Committee, attended the meeting. Cao Weixing, on behalf of the Central Committee of the China Democratic League, proposed in his speech that China should promote a better integration of an efficient market and a proactive government, and establish a unified national market featuring high efficiency, standardized operations, fair competition, and full openness. Xu Xiaolan suggested improving long-term mechanisms to encourage, support, and guide private economic entities in participating in national technological breakthroughs. Liu Zhongfan, on behalf of the Central Committee of the Jiusan Society, recommended refining mechanisms for commercializing scientific and technological achievements, facilitating the integration of technology and economy, and accelerating the cultivation of new quality productive forces. Zhang Lianqi proposed expanding domestic demand by prioritizing the resolution of urgent, difficult, and pressing issues in people’s livelihoods, and advancing high-quality development through "investing in human capital." Yao Aixing, on behalf of the Central Committee of the China Association for Promoting Democracy, called for deepening fiscal and taxation reforms to establish clear fiscal powers and responsibilities, coordinated financial resources, and balanced regional fiscal relations between central and local governments. Yi Gang proposed deepening financial sector reforms to strengthen financial support for private enterprises and technological innovation, and ensure high-quality financial supply for green and low-carbon development. Li Shijie, on behalf of the Central Committee of the China National Democratic Construction Association, suggested improving diversified investment growth mechanisms to support technological innovation and accelerate the cultivation of future-oriented industries. Yan Ying recommended promoting efficient allocation of computing resources and facilitating coordinated development between industry-specific and general-purpose large models. Li Huidong, on behalf of the Central Committee of the Revolutionary Committee of the Chinese Kuomintang, proposed deepening reforms and innovations in agricultural technology extension to achieve organic integration of technological innovation with industrial development and effective alignment of technical services with industrial demands. Wang Xiaodong emphasized the role of county seats in connecting cities and driving rural development to advance integrated urban-rural development. Fang Guanghua suggested joint efforts by governments, enterprises, and universities to promote high-quality and sufficient employment for college graduates. Standing Committee member Feng Zhenglin proposed accelerating the establishment of a new model for real estate development to serve new-type urbanization and common prosperity. Standing Committee member Li Yao suggested strengthening investment and financing support, expanding new formats in service trade, and promoting high-quality development of the Belt and Road Initiative. Standing Committee member Hong Huimin recommended proactive measures to stabilize and improve foreign investment and trade. [Wuxi Binhu District: Offers Home Purchase Subsidies of 30,000–50,000 Yuan per Unit for Jiangsu Super League Players and Spectators] According to a July 8 announcement by "Wuxi Binhu Release," the Wuxi Binhu District Housing and Urban-Rural Development Bureau recently issued Several Measures to Further Promote Housing Consumption in Binhu District. The measures include support for home purchases by players and spectators of the Jiangsu Provincial Urban Football League. From the date of issuance until October 31, 2025, real estate developers are encouraged to provide subsidies of 30,000–50,000 yuan per unit for purchases of newly built commercial housing in Binhu District by eligible participants, upon submission of proof of participation or attendance. [Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.: H1 Net Profit Expected to Rise 1,411.70%–2,034.17% YoY] Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. announced that its H1 2025 net profit attributable to shareholders of the publicly listed firm is projected at 85–120 million yuan, up 1,411.70%–2,034.17% YoY. The increase was driven by higher revenue recognition from real estate projects during the reporting period. [Shenzhen Zhenye (Group) Co., Ltd.: Steadily Advancing Real Estate Development and Sales] On July 9, Shenzhen Zhenye (Group) Co., Ltd. stated in response to investor inquiries that, in line with central policies promoting stable and healthy real estate market development, the company is prudently advancing property development and sales while continuing transformation research. [Guangdong Issues Guidelines: Illegal Properties Including "Small Property Rights" Homes Barred from Registration] The Guangdong Provincial Department of Natural Resources recently issued the Guiding Opinions on Accelerating Solutions to Historical Issues Concerning Real Estate Registration on State-Owned Construction Land, effective August 4, 2025, for five years. The document emphasizes resolving issues by addressing deficiencies without penalizing residents, separating developer liabilities from public interests. It establishes a negative list prohibiting legalization of illegal land use or construction via registration, excludes normal projects from historical issue treatment, and explicitly bans registration for "small property rights" homes or developments violating permanent farmland or ecological protection red lines. [Guangzhou Proposes "Commercial-to-Public Housing Loan" Policy; Policy Activates When Individual Loan Rate Falls Below 75%] The Guangzhou Housing Provident Fund Management Center has publicly solicited opinions on the "Guangzhou Implementation Measures for Converting Commercial Personal Housing Loans to Housing Provident Fund Personal Housing Loans (Provisional)" (Exposure Draft). The measures propose that when the housing provident fund individual housing loan rate falls below 75%, depositors may apply to convert their outstanding commercial personal housing loan balances from Guangzhou's housing provident fund loan participating banks into public housing loans. When the individual loan rate reaches 85% or higher, risk control measures may be implemented including but not limited to quota management and appointment applications for commercial-to-public loan conversions. The policy will be suspended when the individual loan rate reaches 90% or higher. During implementation, the Guangzhou Housing Provident Fund Management Center may promptly adopt risk control measures based on fund availability and loan conditions. The commercial-to-public loan amount shall be verified according to Guangzhou's prevailing provident fund loan policies at the time of application, and shall not exceed the difference between the original commercial loan balance and the principal repayments due for the next three months, nor exceed 60% of the total property purchase price. The total purchase price shall be determined by the lower value between the original purchase price and the re-appraised property value. [ Henan Adjusts Monthly Housing Provident Fund Contribution Ceilings ] Recently, the Henan Provincial Capital Housing Fund Management Center issued a notice on verifying the 2025 provincial housing provident fund contribution ratios and bases. The notice states that in accordance with the principle that the monthly housing provident fund contribution base shall not exceed three times the previous year's average monthly wage of non-private sector employees, the 2025 monthly contribution base ceiling is set at 27,520 yuan with a total monthly contribution ceiling of 6,604 yuan. Based on Zhengzhou's 2024 minimum wage standard of 2,100 yuan, the monthly contribution base floor is established at 2,100 yuan with a total monthly contribution floor of 210 yuan. [ Zhengzhou Raises Monthly Housing Provident Fund Contribution Ceilings ] Recently, the Zhengzhou Housing Provident Fund Management Center announced adjustments to the 2025 housing provident fund contribution bases and ratios. The 2025 monthly contribution base ceiling for Zhengzhou is set at 27,520 yuan with a total monthly contribution ceiling of 6,604 yuan, while the monthly contribution base floor remains at 2,100 yuan with a total monthly contribution floor of 210 yuan. [Sunac China: Proposes Issuing 754 Million New Shares to Settle 5.6 Billion Yuan Domestic Bonds] Sunac China announced on the Hong Kong Stock Exchange on July 4 that to facilitate the orderly implementation of the stock option component in its domestic debt restructuring, the company entered into a subscription agreement with a special purpose vehicle on July 3, 2025. Under this agreement, the special purpose vehicle conditionally agreed to subscribe while Sunac conditionally agreed to allot and issue an aggregate of 754,468,943 shares. The net domestic funds equivalent to the proceeds from the disposal of such shares by the special purpose company will be used to repay relevant domestic bonds held by domestic bondholders who elected the stock option, with an aggregate principal amount of approximately RMB5.6 billion. [Hubei Jingmen: Completed Property Sales to Be Implemented for Newly Transferred Land Development Projects from January 1, 2026] On July 3, the Office of the Leading Group for Promoting Steady and Healthy Development of the Real Estate Market in Jingmen City, Hubei Province, issued the "Policy Measures for Continuously Consolidating the Stability of the Central Urban Real Estate Market," proposing to orderly promote the sale of completed properties. For newly transferred premium residential development land, priority will be given to adopting the completed property sales model. From January 1, 2026, newly transferred land for commodity housing development shall, in principle, implement the sale of completed properties. In accordance with the principle of "differentiation between new and existing projects," the pre-sale threshold for commodity housing will be gradually raised. For projects obtaining construction permits after August 1, 2025, the construction progress shall reach the topping-out stage of the main building structure. [China Index Academy: Land Acquisition by Top 100 Real Estate Enterprises Increased 33.3% YoY in H1] Data from China Index Academy shows that in H1 2025, the total land acquisition value of TOP100 real estate enterprises reached RMB506.55 billion, up 33.3% YoY, with the growth rate expanding by 4.5 percentage points MoM. Affected by the low base in the previous year, the YoY growth in land acquisition by TOP100 enterprises accelerated compared to the previous month. Overall, the transaction area of residential land in 300 cities continued to contract in H1 2025, but the total land transfer revenue in 300 cities increased significantly YoY driven by increased supply of premium plots in core cities. State-owned enterprises remained the main land acquirers, with 8 out of the top 10 land acquisition enterprises being state-owned enterprises. Some private enterprises also maintained certain investment intensity - for example, Beam Group ranked among the top 10 in land acquisition value, while Bond Group and Taihe County Dahua Metal Materials Co., Ltd. also entered the top 20. [Wuhan: Policy Period for "Optimizing Approval Services for New Commercial Housing Projects" Extended to December 31, 2025] The official website of Wuhan Housing and Urban Renewal Bureau issued the "Notice on Extending the Period of Certain Real Estate Policies." The application period for the policy under Article 8 "Optimizing Approval Services for New Commercial Housing Projects" in the "Notice on Further Optimizing and Improving Policy Measures to Promote the Steady and Healthy Development of Wuhan's Real Estate Market" (WF [2024] No. 1) will be extended to December 31, 2025. From October 1, 2024, to December 31, 2025, for new commercial housing purchases in Wuhan, when applying for the real estate ownership certificate, properties recognized as the first home for a family will receive a full subsidy equivalent to the actual deed tax paid, while those recognized as the second home for a family will receive a 50% subsidy of the actual deed tax paid. [Qingdao Introduces New Housing Provident Fund Policies: Maximum Loan Limit Raised to 1.7 Million Yuan] Qingdao Housing Provident Fund Management Center issued a notice on optimizing and adjusting housing provident fund loan policies, effective from the date of issuance. The policy adjustments include: 1) Stackable loan limit increases. Multi-child families, high-quality residential purchases, green residential purchases, existing commercial property purchases, and flexible employment personnel can stack their respective loan limit increases. For joint applicants where both parties meet eligibility criteria, the stacked maximum loan limit shall not exceed 1.7 million yuan; for single applicants meeting eligibility criteria, the stacked maximum loan limit shall not exceed 1.1 million yuan. 2) Debt repayment capacity coefficient adjustment. The "debt repayment capacity coefficient" in the housing provident fund loan calculation formula is increased from 30% to 40%. [Shenyang Optimizes Six Housing Provident Fund Policies Starting July 1] Approved by the Shenyang Housing Provident Fund Management Committee, six policy measures will be optimized starting July 1, 2025, including extending the 15% minimum down payment ratio policy (implemented since November 2024) for housing provident fund loans until December 31, 2025. Flexibly employed depositors, non-local depositing employees, and active-duty military personnel can convert commercial housing loans with 5+ years of repayment history into housing provident fund loans. The policy validity period extends to December 31, 2026. For depositors purchasing newly certified high-quality residential properties, the loan ceiling may be raised to 1.4 times the current maximum loan limit. The account balance multiplier for unit-depositing employees' loan calculations increases from 22x to 25x, with flexible employment personnel's multipliers adjusted accordingly. The home purchase deadline for withdrawing housing provident funds to cover down payments extends from June 30, 2025 to December 31, 2026, with processing deadlines extended from August 31, 2025 to February 28, 2027. Fresh graduates from Shenyang's colleges, vocational schools, and technical institutions (2024-2026 cohorts) who start employment/entrepreneurship within two years and maintain continuous housing provident fund and pension contributions for 6+ months as flexible employees receive a 500 yuan account opening subsidy. [Jinan: Housing Provident Fund Payments Now Accepted for Affordable Housing Purchases] Jinan Housing Provident Fund Center issued the "Notice on Supporting Depositors' Affordable Housing Purchases" on June 24, clarifying: Housing provident fund depositors purchasing affordable housing may withdraw account funds to cover down payments and apply for housing provident fund loans with a minimum 15% down payment ratio. The notice came into effect from the date of issuance. [Hangzhou: Housing Provident Fund Can Be Used Directly for Down Payment on Home Purchase] According to a message from "Hangzhou Release," in order to alleviate the pressure of paying the down payment for home purchases by housing provident fund contributors, the Hangzhou Housing Provident Fund Management Center has launched a service allowing the direct use of the housing provident fund for the down payment on new residential properties purchased in Hangzhou. The entire process supports online handling. The function for online processing of second-hand homes is under development and will be launched soon. [Xi'an: Allows Direct Use of Provident Fund for Down Payment on New Residential Properties] The Xi'an Housing and Urban-Rural Development Bureau and other relevant departments jointly issued the "Several Measures for Promoting the Steady and Healthy Development of the Real Estate Market in Xi'an." The measures mentioned deepening financial support for real estate, implementing policies such as lowering down payments and interest rates. It also expands the scope of the "whitelist" for real estate developers' financing, optimizes the loan approval process, and increases financing support for commercial and office projects; it enhances the support of the housing provident fund, allowing its direct use for the down payment on new residential properties. The range of inter-regional loans for the housing provident fund has been expanded to cover the Guanzhong Plain Urban Agglomeration and employees contributing within the province. [Quzhou Introduces New Real Estate Policies, Promotes Subsidies for Improvement Housing Purchases by Multi-Child Families] The Quzhou Housing and Urban-Rural Development Bureau, Quzhou Finance Bureau, and Quzhou Health Commission jointly released today the "Notice on Further Promoting the Steady and Healthy Development of the Real Estate Market with Several Measures," proposing subsidies for improvement housing purchases by multi-child families. Starting from June 20, 2025, multi-child families purchasing new residential properties in the urban area (projects that first obtained pre-sale permits since 2021) can enjoy improvement housing purchase subsidies. For two-child families, if the property's floor area in the "Zhejiang Province Commodity Housing Purchase Contract" is 100 m² or more, they can apply for a subsidy of 80,000 yuan; for three-child families, if the property's floor area in the contract is 120 m² or more, they can apply for a subsidy of 200,000 yuan. The subsidies are issued in the form of housing vouchers, which can be used in conjunction with various types of housing vouchers, with a trial period of one year. Specific implementation rules will be formulated separately by the Municipal Housing and Urban-Rural Development Bureau, the Municipal Finance Bureau, and the Municipal Health Commission. Voices from All Sides Huayuan Securities believes that since September 2024, "stabilizing the real estate market and stock market" has been a clear requirement at the central level. Since April, uncertainties in Sino-US trade frictions and increased external environmental fluctuations have made stabilizing the real estate and stock markets crucial for boosting social expectations and facilitating domestic demand circulation. This year, the central government has frequently emphasized the construction of good quality houses and high-grade residences. Under the guidance of policy and changes in the supply and demand structure, high-grade residences may usher in a wave of development. Zhang Zuohao, Chief Macro Analyst at Hongze Mida (Shanghai) Investment Consulting Co., Ltd., shared insights on "Analysis and Outlook of China's Infrastructure and Real Estate Trends" at the 2025 SMM (3rd) Wire & Cable Industry Development Conference and Wire & Cable Industry Exhibition - Wire & Cable Industry Development Conference Forum hosted by SMM Information & Technology Co., Ltd., co-organized by Luoyang Sanwu Cable Group Co., Ltd., and supported by Jiangsu Cable Association, Henan Electrician Association, Zhejiang Cable Association, Hunan Cable Association, Guangdong Cable Association, Shanghai Cable Association, Shenzhen Robot Special Cable Association, Guizhou Cable Association, Hubei Cable Association, as well as Anhui Xinhai High-conductivity New Materials Co., Ltd., Minfeng Cable Group Co., Ltd., Soochow Futures Co., Ltd., Zhejiang Dongyi Holding Group Co., Ltd., and Jiangsu Zhongli Group Co., Ltd. He stated: The supply-demand dynamics in the second-hand housing market have shown marked improvement; inventory of new homes continued to deplete, with prices gradually approaching a bottom; issuance of special bonds for land reserves began to accelerate, which is critical for the subsequent recovery of the land market. [China Index Academy: Real estate sales decline expected to slightly widen in H2 compared to H1] China Index Academy released its H1 2025 China Real Estate Market Summary and H2 Outlook: Supported by the September 26 policy package last year, the real estate market maintained recovery momentum in Q1 2025, achieving initial stabilization. Since the beginning of the year, market recovery has been concentrated in core cities, with "premium cities + premium properties" demonstrating strong resilience and the land market showing partial recovery, though market momentum weakened marginally in Q2. Policy guidance in H1 continued to send positive signals, with the April Political Bureau meeting emphasizing "sustaining market stabilization" and proposing "increasing high-quality housing supply" while stressing "optimization of existing commercial housing acquisition policies." The June 13 State Council executive meeting reiterated "greater efforts to stabilize the real estate market" and "further policy optimization to enhance systemic effectiveness," explicitly outlining policy priorities in "stabilizing expectations, stimulating demand, optimizing supply, and mitigating risks," injecting confidence into the market. Looking ahead to H2, considering the elevated sales base in Q4 last year driven by policy packages, the sales decline is expected to slightly widen compared to H1, with "premium cities + premium properties" still offering structural opportunities. [CRIC: "Stable housing market" policies expected to intensify in H2 with potential inventory pressure relief] CRIC Research indicates that under sustained policy adjustments, China's real estate market is progressing toward stabilization and healthy development in H1 2025. Since Q2, the pace of policy implementation has accelerated significantly, helping to expedite the transformation of the real estate market towards a new and better state. The proactive policy efforts by both the central and local governments in H1 have provided strong support for the stability and healthy development of the real estate market. It is expected that further efforts will be made to stabilize the market in H2. With the comprehensive implementation of urban renewal and land acquisition and storage policies, inventory pressure in the industry is expected to be further alleviated on both the supply and demand sides. The real estate market is expected to achieve a new dynamic balance in supply and demand more quickly, and the industry will accelerate its progress towards high-quality development. Ping'an Securities Research Report points out: Focus on real estate enterprises that benefit from the "good housing" initiative, which have stopped falling and stabilized first, and offer stable and attractive dividends. In comparison with the mainland property market, despite a 2.9% YoY decline in the national commercial housing sales area from January to May, it is important to note: 1) that the core areas of some key cities and "good housing" are gradually stopping falling and stabilizing; 2) that the dividends of some real estate enterprises with high-quality businesses or relatively healthy development remain stable, such as China Resources Land and CIFI Holdings Group, which have maintained overall stable dividends since 2022, with dividend yields corresponding to the latest market values still at 5.2% and 7.2% in 2024. With the rising policy expectations and the driving force of Hong Kong-funded real estate enterprises, the short-term sector allocation window is gradually approaching. The short-term real estate market pullback, combined with the approaching important meeting in July, has led to an increase in sector gaming sentiment. At the same time, Ping'an Securities believes that the market has paid too much attention to the overall performance of the real estate market, while neglecting the fact that some "core areas and good housing" are gradually stopping falling and stabilizing, and that some high-quality real estate enterprises have gradually emerged from the trough with relatively stable dividends. The short-term sector allocation window may gradually approach. Guojin Securities points out that with the conclusion of the real estate market in H1, amidst a backdrop where policies have not yet been intensified, sales pulled back in Q2. Considering the goal of stopping falling and stabilizing and the pace of policy implementation over the past two years, Q3 is a critical period for policy efforts, and the tone and direction set in Q3 are expected to directly influence the real estate market's performance throughout H2. Given the current decline in the valuation of the real estate sector and the relatively low open interest, there may be certain flexibility in trading. It is recommended to allocate real estate stocks at lows. Recommended targets that operate steadily and are expected to benefit from potential policy incentives: Developers that primarily focus on key first- and second-tier cities, offer improvement products, and possess the ability to continuously acquire land are prioritized.

Recently, the Wuhan Municipal Development and Reform Commission issued a public announcement seeking comments on the "Three-Year Action Plan for the Development of Wuhan's Hydrogen Energy Industry (2025-2027)". The document emphasizes the need to promote the deep integration of technological innovation and industrial innovation, improve the entire industry chain system for hydrogen energy covering "production, storage, transportation, refueling, and utilization", and establish a high-quality development cluster for the hydrogen energy industry with "one core (Wuhan Economic & Technological Development Zone), one metropolis (Qingshan District), and two wings (Donghu High-Tech Zone and Lingkonggang Development Zone)". It aims to transform Wuhan into a leading zone for the coordinated development of hydrogen energy industry innovation, R&D, equipment manufacturing, and demonstration applications by 2027, and to establish it as a significant hydrogen energy equipment center and a crucial hydrogen energy hub city in China. The total output value of Wuhan's entire hydrogen energy industry chain is expected to reach 60 billion yuan, including 10 billion yuan from hydrogen production, 40 billion yuan from hydrogen energy application equipment and parts, and the cultivation and introduction of over six top-tier enterprises in the domestic hydrogen energy industry, with the number of enterprises above designated size in the hydrogen energy industry exceeding 50. The plan includes the establishment of six provincial-level or above hydrogen energy industry innovation platforms, breakthroughs in five key core technologies in key areas of the hydrogen energy industry, reaching internationally advanced levels in technical indicators such as proton exchange membranes, membrane electrodes, electrolyzers, fuel cell stacks, liquid hydrogen storage, and hydrogen/ammonia combustion, the formulation of over six national demonstration industry standards and norms, and maintaining a leading position in the R&D and application of hydrogen fuel cells and vehicles in China. The plan also involves optimizing the hydrogen supply structure to form a diversified supply system including hydrogen production from fossil fuels and renewable energy, with a total hydrogen production capacity reaching 400,000 mt/year. It aims to build hydrogen refueling rings along the Third and Fourth Ring Roads, with 20 hydrogen refueling stations constructed across the city. The plan promotes the application of hydrogen energy in multiple fields such as transportation, industry, and energy, with a target of over 2,500 fuel cell vehicles. In line with the principle of moderate advancement, a construction plan for hydrogen refueling stations will be formulated, approval processes will be simplified, and priority will be given to supporting the infrastructure construction of hydrogen refueling stations along the Third and Fourth Ring Roads to form hydrogen refueling rings. Existing gas stations will be encouraged to retrofit and expand hydrogen refueling facilities, and "oil-gas-electricity-hydrogen" integrated energy stations will be constructed. Newly constructed (including existing) and retrofitted hydrogen refueling stations will receive a one-time construction subsidy of 2 million yuan according to regulations, and an additional subsidy of up to 2 million yuan, equivalent to 50% of the equipment procurement cost, will be provided for on-site hydrogen production equipment investment. The operating costs of hydrogen refueling stations will be reduced, with an annual operating subsidy of up to 3 million yuan provided according to the standard of 20 yuan/kg based on the annual hydrogen consumption volume for hydrogen refueling stations with a daily hydrogen refueling capacity of no less than 500 kg and a selling price of no higher than 25 yuan/kg. The full text is as follows: Public Announcement on Seeking Comments on the "Three-Year Action Plan for the Development of Wuhan's Hydrogen Energy Industry (2025-2027)" In order to implement the provincial and municipal work arrangements and requirements for accelerating the development of the hydrogen energy industry, our commission has taken the lead in drafting the "Three-Year Action Plan for the Development of Wuhan's Hydrogen Energy Industry (2025-2027)" (draft for comments). In accordance with the relevant provisions of the Administrative Measures for Regulatory Documents of Wuhan City, we are now soliciting public opinions. The relevant matters are hereby announced as follows: I. Timeframe for Soliciting Opinions From July 4, 2025 to August 8, 2025. II. Contact Information Please send written opinions to the email address of the Industrial Division of the Wuhan Municipal Development and Reform Commission: whgyc027@163.com. Contact Person: Xu Jiahua, Contact Number: 82796035 This announcement is hereby made. Appendix: Three-Year Action Plan for the Development of the Hydrogen Energy Industry in Wuhan City (2025-2027) (Draft for Soliciting Opinions) Wuhan Municipal Development and Reform Commission July 4, 2025 Appendix: Three-Year Action Plan for the Development of the Hydrogen Energy Industry in Wuhan City (2025-2027) (Draft for Soliciting Opinions) In order to implement the goals of "carbon peaking and carbon neutrality," build a clean, low-carbon, safe, and efficient energy system, cultivate and expand the emerging hydrogen energy industry, and promote the high-quality development of the hydrogen energy industry in our city, this action plan is formulated. I. Action Objectives Promote the deep integration of technological innovation and industrial innovation, improve the entire industry chain system for hydrogen energy covering "production, storage, transportation, refueling, and utilization," establish a high-quality development cluster for the hydrogen energy industry with "one core (Wuhan Economic and Technological Development Zone), one metropolis (Qingshan District), and two wings (Donghu High-Tech Zone and Lingkonggang Development Zone)," strive to build our city into a leading area for the coordinated development of innovation, R&D, equipment manufacturing, and demonstration applications in the hydrogen energy industry by 2027, and form a nationally important hydrogen energy equipment center and a key hydrogen energy hub city. Industrial Scale Doubling. The total output value of the entire hydrogen energy industry chain in the city will reach 60 billion yuan, including 10 billion yuan from hydrogen production, 40 billion yuan from hydrogen energy application equipment and parts, and the cultivation and introduction of more than six top-tier enterprises in the domestic hydrogen energy industry, with the number of enterprises above designated size in the hydrogen energy industry exceeding 50. Innovation Capacity Leap. Establish six provincial-level or above hydrogen energy industry innovation platforms, break through five key core technologies in key areas of the hydrogen energy industry, achieve internationally advanced technical indicators in technologies such as proton exchange membranes, membrane electrodes, electrolyzers, fuel cell stacks, liquid hydrogen storage, and hydrogen/ammonia combustion, form more than six national demonstration industry standards and norms, and maintain a leading position in the R&D and application of hydrogen fuel cells and vehicles in China. Widespread Application of Hydrogen Energy. Optimize the hydrogen supply structure, form a diversified supply system including hydrogen production from fossil energy and renewable energy, with a total hydrogen production capacity reaching 400,000 mt/year. Build hydrogen refueling rings along the Third and Fourth Ring Roads, and construct 20 hydrogen refueling stations across the city. We will promote the application of hydrogen energy in multiple fields such as transportation, industry, and energy, with the number of fuel cell vehicles exceeding 2,500 units. II. Key Tasks (1) Adhere to innovation-driven development and promote breakthroughs in core technologies 1. Accelerate breakthroughs in key core technologies. Organize and implement key technology research programs targeting core technologies such as proton exchange membranes, high-pressure hydrogen storage containers, hydrogen compressors, and fuel cell stacks, focusing on key links in the "production, storage, transportation, refueling, and utilization" of the entire industry chain. Provide maximum support of 800,000 yuan for projects included in the city's key R&D plans, in accordance with regulations. For enterprises leading national scientific and technological innovation 2030-major projects, national science and technology major projects, and national key R&D plan projects in the hydrogen energy field, provide support of up to 50% of the funds allocated by the state and a maximum of 5 million yuan for a single project, in accordance with regulations. (Leading unit: Municipal Science and Technology Innovation Bureau; Responsible units: Municipal Development and Reform Commission, Municipal Economic and Information Technology Bureau, Municipal Finance Bureau, and people's governments of all districts (including development zones and the administrative committee of the Yangtze River New Area), the same hereinafter) 2. Support the commercialization of scientific and technological achievements. Accelerate the commercialization of scientific and technological achievements and the application of innovative technologies by universities, research institutes, and hydrogen energy enterprises. Provide support of 10 million yuan for newly approved national key laboratories, national industrial innovation centers, technological innovation centers, and engineering research centers in the hydrogen energy field, in accordance with regulations. Implement policies for the innovative development and promotion of the first set (batch) of major technical equipment and the first batch of new materials. Promote the construction of pilot-scale platforms, formulate effective promotion measures and supporting policies, and support the construction and upgrading of pilot-scale platforms. (Leading unit: Municipal Science and Technology Innovation Bureau; Responsible units: Municipal Development and Reform Commission, Municipal Economic and Information Technology Bureau, Municipal Finance Bureau, and people's governments of all districts) 3. Improve and enhance the standard system and detection capabilities. Support hydrogen energy enterprises, universities, and research institutes in participating in or leading the formulation of hydrogen energy industry standards, improve the hydrogen energy industry standard system, and focus on supporting the formulation of standards in areas such as renewable energy-based hydrogen production, safe and efficient hydrogen storage and transportation, and diversified applications of clean and low-carbon hydrogen energy. Establish and improve the inspection and testing system, and rely on qualified inspection and testing institutions to provide hydrogen energy equipment testing services for fuel cells, stacks, modules, and hydrogen cylinders. (Leading units: Municipal Market Supervision and Administration Bureau and Municipal Development and Reform Commission; Responsible units: Municipal Economic and Information Technology Bureau, Municipal Finance Bureau, and people's governments of all districts) (2) Adhere to coordinated development and enhance the resilience of supply and demand in the industrial chain and supply chain 4. Build a hydrogen supply guarantee system. Improve hydrogen production efficiency, reduce hydrogen production costs, and construct a number of demonstration bases for hydrogen supply. Expand the supply of "gray hydrogen," explore the "one district, multiple parks" policy in chemical industrial parks, and support enterprises in utilizing existing resources such as chlor-alkali, coke oven gas, and refining to purify industrial by-product hydrogen. Encourage the production of "green hydrogen," implement the regulation that green hydrogen production does not require a hazardous chemical safety production license, and encourage enterprises to adopt new technologies for green hydrogen production, such as off-grid hydrogen production, biomass hydrogen production, and food waste hydrogen production. Support eligible districts in piloting integrated green hydrogen production and refueling projects outside chemical industrial parks. Leverage the coordinated development mechanism of metropolitan areas to coordinate with neighboring cities like Huangshi, Qianjiang, and Xiaogan to establish a regional hydrogen supply system. (Lead unit: Municipal NDRC; Responsible units: Municipal Bureau of Economy and Information Technology, Municipal Bureau of Finance, Municipal Bureau of Science and Technology Innovation, Municipal Bureau of Natural Resources and Urban-Rural Development, Municipal Bureau of Ecology and Environment, Municipal Urban Management and Law Enforcement Committee, Municipal Bureau of Transportation, Municipal Bureau of Emergency Management, and district governments) 5. Accelerate the development of hydrogen energy equipment and fuel cell vehicles. Speed up the construction of zero-carbon industrial parks for smart manufacturing of hydrogen energy equipment and hydrogen energy technology industrial parks, promote the development of hydrogen storage and transportation supporting equipment, accelerate the industrialisation of liquid hydrogen tank container transportation technology, support the application of liquid organic solvent hydrogen storage equipment, and increase the production of key products such as hydrogen electrolyzers and hydrogen compressors. Optimize incentive policies for hydrogen equipment producers. Reward fuel cell vehicle R&D and mass production enterprises as well as promotion and application enterprises, in accordance with the national fuel cell vehicle demonstration application city cluster reward measures. (Lead department: Municipal Bureau of Economy and Information Technology; Responsible units: Municipal NDRC, Municipal Bureau of Finance, and district governments) 6. Promote hydrogen refueling infrastructure construction. Based on the principle of moderate advancement, formulate a construction plan for hydrogen refueling stations, streamline approval processes, and prioritize supporting infrastructure construction for hydrogen refueling stations along the Third Ring Road and Fourth Ring Road to form a hydrogen refueling loop. Encourage existing gas stations to retrofit or expand hydrogen refueling facilities, establishing integrated energy stations combining oil, gas, electricity, and hydrogen. Provide a one-time construction subsidy of 2 million yuan for newly built (including existing) and retrofitted hydrogen refueling stations, and an additional equipment purchase subsidy of 50% of the cost, up to 2 million yuan, for hydrogen production equipment installed at the stations. Reduce operational costs for hydrogen refueling stations by providing an annual operational subsidy of up to 3 million yuan, based on a standard of 20 yuan/kg, for stations with a daily refueling capacity of at least 500 kg and a selling price no higher than 25 yuan/kg, according to their annual hydrogen consumption. (Lead department: Municipal Urban Management and Law Enforcement Committee; Responsible units: Municipal NDRC, Municipal Bureau of Natural Resources and Urban-Rural Development, Municipal Bureau of Finance, Municipal Bureau of Emergency Management, and district governments) 7. Enhance enterprise recruitment and project development. Focus on advantageous fields such as fuel cells and hydrogen production equipment to strengthen a group of "gold seed" and "silver seed" enterprises, promoting their listing. Target potential areas like renewable energy hydrogen production, hydrogen storage, and hydrogen transportation to cultivate a group of specialized and innovative "little giant" enterprises, manufacturing single champions, unicorns, and technology-leading enterprises. Reward hydrogen energy enterprises that achieve national-level "little giant" or single champion status for the first time, in accordance with regulations. Targeting shortcomings in areas such as cryogenic high-pressure hydrogen storage, solid-state hydrogen storage, refueling equipment, integrated hydrogen production and refueling equipment, and mobile hydrogen refueling, we will attract a number of top-tier enterprises and key industrial projects in the domestic hydrogen energy industry. We will actively strive to include the city's ongoing hydrogen energy industry projects into national and provincial key R&D plans, as well as special programs for high-quality development of the manufacturing industry. (Leading department: Municipal Development and Reform Commission; Responsible departments: Municipal Finance Office, Municipal Economic and Information Technology Bureau, Municipal Emergency Management Bureau, Municipal Finance Bureau, Municipal Investment Promotion Bureau, Municipal Science and Technology Innovation Bureau, and the People's Governments of all districts) (III) Persist in application expansion and build diversified demonstration scenarios 8. Promote substitution applications in the industrial sector. Leverage the advantages of industrial by-product hydrogen and promote its local consumption. Support steel enterprises in conducting R&D and application of hydrogen metallurgy technology using hydrogen as a reducing agent, to promote deep decarbonization and clean energy substitution in the steel industry. Guide petrochemical enterprises to expand sources of hydrogen-rich raw materials, promote the lightening of petrochemical raw materials, and expand the application scale of hydrogen energy substitution for fossil energy in the chemical sector. (Leading department: Municipal Economic and Information Technology Bureau; Responsible units: Municipal Development and Reform Commission, Municipal Emergency Management Bureau, Municipal Ecology and Environment Bureau, and the People's Government of Qingshan District) 9. Expand demonstration applications in the transportation sector. Launch demonstration scenarios for hydrogen energy applications in the transportation sector, with a focus on encouraging the use of hydrogen fuel cell vehicles, such as heavy-duty commercial vehicles and cold chain logistics vehicles, in national key cold chain logistics bases. Actively explore the use of hydrogen fuel cell vehicles in public transportation, commuting, urban distribution, landscaping, slag transportation, and other fields, and provide rewards for typical application demonstration scenarios. Implement the policy of full refund and subsidy for highway tolls within the province. (Leading unit: Municipal Transportation Bureau; Responsible units: Municipal Development and Reform Commission, Municipal Finance Bureau, Municipal Gardens and Forestry Bureau, Municipal Urban Management and Law Enforcement Commission, Municipal Public Security Traffic Management Bureau, Wuhan Public Transport Group, and the People's Governments of all districts) 10. Explore promotion and application in the energy sector. Implement the "Implementation Plan for Accelerating the Construction of a New Energy System in Wuhan City" and promote the demonstration application of hydrogen energy in scenarios such as renewable energy consumption and power grid peak shaving. Adapt measures to local conditions and encourage the application of distributed hydrogen energy generation, hydrogen energy backup power supplies, photovoltaic-hydrogen storage microgrid energy supply, virtual power plants, emergency power supplies, and disaster preparedness power supplies in areas such as qualified tourist attractions, industrial parks, and medical institutions. (Leading department: Municipal Development and Reform Commission; Responsible units: Municipal Economic and Information Technology Bureau, Municipal Culture and Tourism Bureau, Municipal Health Commission, Wuhan Power Supply Company, and the People's Governments of all districts) 11. Build diversified application clusters. Actively strive to be included in the national fuel cell vehicle demonstration application city clusters and national hydrogen energy regional pilot programs in the energy sector. Support the demonstration of hydrogen-powered drone applications in emergency rescue, park airspace inspections, and low-altitude flight performances. Encourage the demonstration of hydrogen fuel cell two-wheeled vehicles and tourist sightseeing vehicles in universities, new urban districts, and tourist attractions. Encourage the demonstration of fuel cell vessels in major rivers and lakes such as the Yangtze River, Han River, East Lake, and Tangxun Lake. Explore the demonstration of natural gas blended with hydrogen combustion. Support various districts in promoting diverse hydrogen energy application scenarios according to local conditions, select districts with a solid foundation and suitable conditions to apply for municipal-level demonstration zones, and provide rewards to approved municipal-level demonstration zones. (Leading department: Municipal Development and Reform Commission; Responsible units: Municipal Finance Bureau, Municipal Economic and Information Technology Bureau, Municipal Science and Technology Innovation Bureau, Municipal Urban Management and Law Enforcement Commission, Municipal Transportation Bureau, Municipal Education Bureau, Municipal Culture and Tourism Bureau, Municipal Water Affairs Bureau, and the People's Governments of all districts) (IV) Adhere to policy guarantees and improve the support system for the capital and talent chain 12. Improve the financial policy system. Coordinate the investment and operation of industrial funds, connect with provincial hydrogen energy industry investment funds, leverage the guiding role of fiscal funds and the catalytic effect of industrial funds, promote the formation of a fund cluster that meets the capital needs throughout the entire process of hydrogen energy scientific and technological innovation, incubation, acceleration, and listing cultivation, and guide state-owned assets and social capital to participate in hydrogen energy industry-related projects across the city through industrial funds. Provide data credit enhancement and credit evaluation services for eligible hydrogen energy enterprises. Encourage the increase in the application ratio of hydrogen fuel cell vehicles through forms such as financial leasing and car leasing. (Leading department: Municipal Finance Bureau; Responsible departments: Municipal Party Committee Financial Office, Municipal Development and Reform Commission, Municipal Economic and Information Technology Bureau, Municipal State-owned Assets Supervision and Administration Commission of the People's Government, and the People's Governments of all districts) 13. Strengthen talent policy support. Strengthen intellectual support for the hydrogen energy industry and support high-level talents in the hydrogen energy field to apply for the "Wuhan Talent" program. Encourage the Wuhan Talent Innovation Investment Fund to selectively invest in hydrogen energy industry talent innovation and entrepreneurship projects, stimulating the momentum of talent innovation and entrepreneurship. Deepen the integration of industry and education, support universities and research institutions in accelerating the cultivation of talent teams for the hydrogen energy industry. Support the cultivation of a group of compound leading talents relying on major hydrogen energy projects. Support hydrogen energy enterprises and research institutes in cultivating professional innovation and R&D talents for hydrogen energy technology and equipment. (Leading department: Municipal Development and Reform Commission; Responsible departments: Municipal Talent Work Bureau, Municipal Economic and Information Technology Bureau, Municipal Science and Technology Innovation Bureau, Municipal Education Bureau, and the People's Governments of all districts) III. Safeguard Measures Establish and improve the "chain leader + chain master + chain innovation" working mechanism for the hydrogen energy industry, form a hydrogen energy industry alliance, promote strong-strong enterprise alliances, strengthen upstream and downstream cooperation for mutual benefits, and promote the coordinated development of the hydrogen energy industry. Regularly convene departmental joint meetings to study and resolve industry development issues and promote the high-quality development of the hydrogen energy industry. All districts and departments should, based on their functions and responsibilities, refer to the annual list of key tasks, research and formulate policies for the management of fiscal funds, refine work measures, and steadily promote the implementation of various tasks. Districts with the necessary conditions are encouraged to follow the municipal-level reward and subsidy policies, providing rewards and subsidies at a ratio of 1:1. Each district should fulfill its responsibility for supervising safety risks within its jurisdiction and promote the hierarchical control of safety risks in hydrogen-related enterprises. Strengthen publicity and guidance to create a favorable atmosphere for the development of the hydrogen energy industry. If the same enterprise or project qualifies for multiple award clauses under this policy or other support policies of the city, it shall be implemented in accordance with the principle of taking the highest award without duplication; for those involving financial rewards and subsidies, the responsible units shall formulate specific implementation rules or measures. This policy measure shall come into force from the date of its issuance and shall remain valid for three years. Source: Wuhan Development and Reform Commission

On July 8, the Development and Reform Commission of Chayouzhongqi released the Implementation Plan for Major Project Planning Actions in Chayouzhongqi. The document states that driven by the dual core of "equipment renewal + chain breakthrough," it will focus on three main directions for project planning: wind power, PV, and ESS and hydrogen energy equipment. Leveraging the advantages of wind energy resources, it will prioritize the manufacturing of core components such as wind turbines, generators, and main bearings, and extend the entire industry chain for wind power assembly. It will plan projects for new energy charging facilities and high-end components, strengthening industrial synergy. It will create an integrated equipment cluster for "wind, solar, hydrogen, and storage + high-end manufacturing." It will achieve integrated development of renewable energy and hydrogen production, ensuring a stable supply of green hydrogen. In the future, with the improvement of infrastructure such as hydrogen transmission pipelines, it is expected to further expand green hydrogen capacity and become an important hydrogen energy supply base for regions including the Beijing-Tianjin-Hebei area. The total investment for planned and reserved projects during the "15th Five-Year Plan" period is 5 billion yuan. The full text is as follows: Implementation Plan for Major Project Planning Actions in Chayouzhongqi To comprehensively implement the major project planning actions of the autonomous region, and in accordance with the work requirements of the Implementation Plan for Major Project Planning Actions in Ulanqab City, the Implementation Plan for Major Project Planning Actions in Chayouzhongqi is hereby formulated. I. Work Objectives Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and deeply implementing the spirit of the 20th CPC National Congress and the second and third plenary sessions of the 20th CPC Central Committee, as well as the important instructions of General Secretary Xi Jinping on Inner Mongolia, with the main line of forging a strong sense of community for the Chinese nation and centered on the spirit of the Central, autonomous region, and municipal economic work conferences, we will closely monitor strategic orientations, industrial layouts, and policy directions to further implement and yield results from a series of policies, including the Opinions of the State Council on Promoting High-Quality Development in Inner Mongolia and Striving to Write a New Chapter in Chinese-Style Modernization, and the policy implementation project. We will plan high-quality major project reserves for the entire banner, continuously enhancing the precision and effectiveness of project planning. In 2025, we will implement 10 major projects with government investments of 50 million yuan and enterprise investments of over 100 million yuan each, with a planned total investment of 2.63 billion yuan. We will plan and reserve various major projects for the "15th Five-Year Plan" period, with a total investment of 30-40 billion yuan, thereby effectively ensuring steady growth in fixed asset investment. The planning of high-quality projects needs to be based on national strategic needs, regional development characteristics, and the direction of industrial transformation and upgrading to achieve coordinated development of the economy, society, and environment. 1. Adhere to planning guidance and align with national strategies. Project planning should be closely integrated with national and local medium and long-term development plans, focusing on key areas and emphasizing innovation-driven development. Ensure a smooth transition between the 14th Five-Year Plan and the 15th Five-Year Plan. Focus on the implementation of major national strategies and the building up of security capacity in key areas ("two major"). 2. Strengthen project reserves and enhance project maturity. Establish a project reserve pool that is "implementable in the near term, has reserves for the long term, and can be updated regularly" to ensure the systematic and forward-looking nature of project planning. Through preliminary research and demonstration, improve project maturity and feasibility, avoiding low-level redundant construction and overinvestment. 3. Promote collaborative efforts and strengthen factor guarantees. Strengthen the collaborative cooperation among government departments, enterprises, financial institutions, and social capital to form a joint force. At the same time, emphasize factor guarantees, including land, funds, talents, etc., to provide a solid foundation for project implementation. 4. Delve deep into policy dividends and plan characteristic projects based on resource endowments. Based on local resource advantages, closely adhere to Inner Mongolia's requirements such as "building a solid ecological security barrier" and "promoting the digital transformation of industries," highlighting the green and intelligent orientation of project planning. II. Scientifically Plan Projects Around Key Areas 1. New Energy Industry. Promote the coupled development of "green electricity + industry" to continuously strengthen industrial support. Actively promote clean energy projects such as the flexibility transformation of thermal power plants, the "Wind Power in Thousands of Villages" pilot project, and PV assistance projects. In 2025, focus on constructing three projects: the Fengdian Energy Company's Chayouzhongqi Linggai New Energy Project, the Huadian Thermal Power Flexibility Transformation Chayouzhongqi 278,000 kW Wind Power Project, and the Chayouzhongqi 34,350 kW PV Assistance Project, with an annual planned investment of 2.44 billion yuan. The total planned investment for reserve projects during the 15th Five-Year Plan period reaches 12 billion yuan. (Responsible units: Banner Development and Reform Commission, Banner New Energy Development Center, Banner Investment Promotion Center) 2. Green Ferroalloy Industry. Through policy guidance, technological innovation, and industrial integration, vigorously promote key energy-consuming enterprises to increase the proportion of renewable energy use, gradually increasing the proportion of green electricity use through power market transactions, market-based consumption of new energy, and purchasing green electricity certificates. Achieve the transformation of the ferroalloy industry from "high energy consumption and high pollution" to "high intelligence and greenness." In 2025, focus on implementing two projects: the ferroalloy and residual gas power generation project of Inner Mongolia Qinyuan Alloy Technology Co., Ltd., and the 284,000 mt/year manganese-silicon alloy project of Baite Metallurgical Building Materials Co., Ltd., with an annual planned investment of 45 million yuan. At the same time, ensure the green energy allocation for Qinyuan and Baite. The total planned investment for reserve projects during the 15th Five-Year Plan period reaches 8 billion yuan. (Responsible units: Banner Industry and Information Technology Bureau, Banner Investment Promotion Center, Banner New Energy Development Center) 3. Digital Industry. Actively promote the development of the digital industry by deploying areas such as new energy digitization, smart agriculture, and industrial internet. Combining local resource advantages and policy support, and relying on abundant wind and solar resources, we will fully leverage the cool climate characteristics of our banner to proactively deploy and scientifically plan the development needs of the big data industry. In the future, the focus of attracting projects will center around big data, cloud computing, artificial intelligence, etc. The total investment in planned and reserved projects during the "15th Five-Year Plan" period is expected to reach 1.5 billion yuan. (Responsible units: Banner Investment Promotion Center, Banner Government Affairs and Data Bureau) 4. Modern Green Agriculture and Animal Husbandry Industry. Centering around advantageous and characteristic industries such as potatoes, beef cattle, mutton, oats, quinoa, dairy, vegetables, and fresh corn, we will focus on planning standardized planting and breeding, enhancing the influence of "Hometown of Carrots" and "Hometown of Oats," and accelerating the full completion and operation of the Jingyigen Potato Alum-Free Fresh Vermicelli Production Project. We will complete the three-story constant temperature warehouse, systematically advance the construction of the Sainong Frozen French Fries and Corn Deep Processing and Cold Chain Logistics Infrastructure Project, and improve the local processing and conversion rate of agricultural and livestock products, taking solid steps in the construction of a national important production base for agricultural and livestock products. In 2025, we will focus on implementing the Sainong Agricultural Development Co., Ltd. Frozen French Fries and Corn Agricultural Product Deep Processing Construction Project in Inner Mongolia, with an annual planned investment of 58 million yuan. The total investment in planned and reserved projects during the "15th Five-Year Plan" period is expected to reach 1 billion yuan. (Responsible units: Banner Agriculture and Science Bureau, Banner Investment Promotion Center) 5. Infrastructure Construction. In urban construction, focusing on enhancing urban functionality, quality, and vitality, we will prioritize the construction of urban gas supply, water supply, drainage, heating, gas pipelines, and supporting facilities to ensure urban public safety. We will accelerate urban renewal initiatives, focusing on the renovation of old urban residential communities and the updating of old elevators in residential buildings, and constructing affordable housing projects. In 2025, we will implement two projects: the Warmth Project and the new construction of a 2*70MW circulating fluidized bed hot water boiler project (east and west district heat source plants) for the centralized heating project in Kebuer Town, with an annual planned investment of 100 million yuan. The total investment in planned and reserved projects during the "15th Five-Year Plan" period is expected to reach 1.4 billion yuan. In water conservancy, for disaster prevention and mitigation, it is necessary to continuously improve flood control standards to better safeguard people's lives and property. In transportation, six new rural roads totaling 42.7 kilometers will be constructed, with a total investment of 60 million yuan. The total investment in planned and reserved projects during the "15th Five-Year Plan" period is expected to reach 600 million yuan. (Responsible units: Banner Housing and Urban-Rural Development Bureau, Banner Housing Comprehensive Security Center, Banner Water Conservancy Bureau, Banner Transportation and Communications Bureau) 6. Modern Service Industry. In commerce and logistics, we will guide key businesses to enhance their service capacity. In 2025, we will implement two projects: the construction of the Huitengxile Tourist Scenic Area Visitor Center and the construction of the raw material and finished product warehouse project of Inner Mongolia Baite Metallurgical and Building Materials Co., Ltd., with an annual planned investment of 37 million yuan. The total investment in planned and reserved projects for the "15th Five-Year Plan" period is expected to reach RMB 2.3 billion. (Responsible units: Banner Culture and Tourism Bureau, Banner Industry and Information Technology Bureau) 7. Cultural and tourism industry. Strengthen and expand the cultural and tourism pillar industry. In conjunction with the formulation of the "Grassland Tourism Plan for Ulanqab City", plan incremental key projects in the low-altitude economy and other areas during the "15th Five-Year Plan" period. Enhance the connotation of Huanghuagou Scenic Area in line with the "program of large-scale equipment upgrades and consumer goods trade-ins" policy. Fully complete the construction of the South and North Tourist Distribution Centers in Huitengxile Scenic Area. Actively promote the landing and construction of the Qingdao Film Academy Film Base project. Expand winter ice and snow tourism, and promote the characteristic, branded, and standardized development of the homestay industry. Optimize specialty catering and transportation capacity to drive the transformation of the "food, accommodation, transportation, travel, shopping, and entertainment" consumption model to the "commerce, health, education, leisure, adventure, and emotion" consumption model. Improve infrastructure, enhance service quality, and urban civilization to increase tourists' sense of experience and satisfaction. The total investment in planned and reserved projects for the "15th Five-Year Plan" period is expected to reach RMB 2 billion. (Responsible unit: Banner Culture and Tourism Bureau) 8. Modern equipment manufacturing industry. Driven by the dual cores of "equipment renewal + chain breakthrough", focus on the three main directions of wind power, PV, energy storage, and hydrogen energy equipment for project planning. Relying on the advantages of wind energy resources, focus on the manufacturing of core components such as wind turbines, generators, and main bearings, and extend the entire industry chain of wind power assembly. Plan projects for new energy charging facilities and high-end parts, and strengthen industrial synergy. Build an integrated equipment cluster of "wind, solar, hydrogen, and storage + high-end manufacturing". Achieve the integrated development of renewable energy and hydrogen production, ensuring a stable supply of green hydrogen. In the future, with the improvement of infrastructure such as hydrogen transmission pipelines, it is expected to further expand green hydrogen production capacity and become an important hydrogen energy supply base for regions such as Beijing-Tianjin-Hebei. The total investment in planned and reserved projects for the "15th Five-Year Plan" period is expected to reach RMB 5 billion. (Responsible units: Banner Industry and Information Technology Bureau, Banner Investment Promotion Center, Banner New Energy Development Center) 9. Green and low-carbon. With the fundamental purpose of building an important ecological security barrier in northern China, comprehensively strengthen environmental pollution prevention and control, systematically plan and implement air, water, and soil pollution prevention and control projects, increase ecological restoration efforts for abandoned mines, and plan a batch of ecological protection and restoration projects. Resolutely win the battle of the "Three-Norths" Shelterbelt Program and complete the construction tasks of ecological forests and grasslands. Make full use of the advantages of renewable resources to build a zero-carbon park integrating green energy production, green industry development, and green technology innovation, injecting new impetus into the sustainable development of the regional economy. Plan and reserve projects around the demonstration and application of advanced technologies for carbon peaking and carbon neutrality, energy conservation and carbon reduction in key industries and fields, and the renewal and transformation of energy-using equipment. Plan projects around the construction of recycling systems, remanufacturing, recycling resource processing and utilization, and comprehensive utilization of solid waste. The total investment in projects planned and reserved for the "15th Five-Year Plan" period is 700 million yuan. (Responsible units: Banner Development and Reform Commission, Banner Water Resources Bureau, Banner Forestry and Grassland Bureau, Banner Natural Resources Bureau, Banner Ecological Environment Sub-bureau, Banner Industry and Information Technology Bureau, Banner New Energy Development Center) 10. Basic public services. Aiming to enhance the people's "sense of gain, happiness, and security," we will focus on areas such as childcare, education, income for the elderly, medical care, elderly care, housing, and support for the vulnerable. We will closely monitor the policy directions and investment trends of various special funds at the national and autonomous region levels, and focus on high-quality planning and reserving a batch of boutique projects in directions such as infrastructure construction projects for strengthening education and the construction of public training bases. Meanwhile, we will seize the opportunity and window period of the national "implement major national strategies and build up security capacity in key areas" and "program of large-scale equipment upgrades and consumer goods trade-ins" policies, actively promote equipment renewal in the fields of education, medical and health care, culture, and tourism, steadily enhance public security capabilities and levels, continuously meet multi-level public service demands, and build high-level government affairs informationization projects. The total investment in projects planned and reserved for the "15th Five-Year Plan" period is 200 million yuan. (Responsible units: Banner Education and Sports Bureau, Banner Civil Affairs Bureau, Banner Health Commission, Banner Culture and Tourism Bureau) III. Work Measures (1) Optimize processes and improve efficiency. Optimize the approval processes for project initiation, land use, forest use, grassland use, water use, cultural relics, environmental impact assessments, energy conservation reviews, construction permits, etc., and establish and improve green service channels such as the first-inquiry responsibility system, assistance and agency services, notification and commitment systems, acceptance with missing documents, parallel processing, time-limited completion, and early technical reviews. Establish a ledger for major projects, clarifying the procedures and deadlines for completing preliminary formalities. Strive to achieve a completion rate of over 90% for preliminary formalities of newly-built major projects by the end of March, laying the foundation for project resumption and commencement. (2) Utilize mechanisms effectively and remove bottlenecks. Make full use of work mechanisms such as regular scheduling and special studies, supported by project ledgers, and led by banner-level leaders in charge, to increase efforts to ensure various elements for project resumption and commencement, and help resolve bottlenecks and difficulties in project funding, land use, water use, and electricity use. Strengthen communication with project investment entities or project units, formulate targeted solutions, and strive to promote the early commencement of projects. Focus on promoting the resumption and commencement rate of major projects in the entire region to reach over 90% by the end of March, and achieve "full resumption and commencement" in the first half of the year. (3) Strengthen guidance and ensure comprehensive statistics. Departments will take the initiative to visit and provide front-line services, urging project units to accelerate construction progress, striving to form more physical workloads, and meeting the conditions for inclusion in statistics as soon as possible. The statistics department will strengthen guidance and services for project units, promptly organize and improve the documents required for inclusion in statistics, avoiding situations where projects fail to pass reviews due to unqualified application materials, and providing more support for the growth of fixed asset investment throughout the year. Source: People's Government of Chahar Right Wing Middle Banner

SMM, July 7: A research team from the Ministry of Housing and Urban-Rural Development recently conducted surveys in Guangdong and Zhejiang provinces, stressing the need to maintain stable real estate market conditions. The easing of debt risks among some property developers has boosted market confidence in debt restructuring efforts. Favorable expectations of sustained policy support fueled a rally in the real estate sector during morning trading on July 7. As of 10:34 a.m. on July 7, the real estate development sub-index had risen 2.05%, with Yukaifa, Shahe Stock, Nanshan Holdings, and Cases Development hitting daily limits. Haitai Development, Gemdale Corporation, and Seazen Holdings also led gains. By 10:43 a.m., the real estate services sub-index had increased 1.99%, with Tefa Service surging nearly 8%, while Shimao Service, Beichen Real Estate, and 5i5j Group also posted notable gains. Market News [Ministry of Housing: Maintain Stable Real Estate Market] A research team from the Ministry of Housing and Urban-Rural Development recently conducted surveys in Guangdong and Zhejiang provinces. The team emphasized the importance of promoting stable, healthy, and high-quality development in the real estate sector. Local authorities must fulfill their responsibilities, fully leverage policy autonomy in real estate regulation, implement targeted measures, and enhance systematic policy effectiveness to sustain market stability. The team called for accelerating the construction of "high-quality housing" that is safe, comfortable, green, and smart to meet new public expectations. A multi-pronged approach should stabilize expectations, stimulate demand, optimize supply, and mitigate risks to accelerate market stabilization. Despite complex domestic and overseas economic conditions, all regions and relevant departments have resolutely implemented decisions by the CPC Central Committee and the State Council. Significant progress has been made in ensuring housing project completions, effectively protecting homebuyers' rights. Continued implementation of the real estate stimulus policy package saw H1 national new and existing home transaction volumes grow YoY, maintaining overall market stability. The share of existing home transactions has gradually increased, with several provinces recording higher existing home sales than new homes, reflecting new market characteristics. (Xinhua News) 》Click for details [Sunac China: Plans to Issue 754 Million New Shares for RMB5.6 Billion Domestic Bond Repayment] Sunac China announced via Hong Kong Stock Exchange on July 4 that, to facilitate the orderly implementation of stock options in its onshore debt restructuring, the company entered into a subscription agreement with a special purpose company on July 3, 2025. Under the agreement, the special purpose company conditionally agreed to subscribe for 754,468,943 new shares issued by Sunac China. Net proceeds from the disposal of these shares, equivalent to onshore funds, will be used to repay approximately RMB5.6 billion in domestic bonds held by bondholders who elected the stock option. [Jingmen, Hubei: Commercial Housing on Newly Transferred Land to Be Sold as Completed Properties in Principle from January 1, 2026] On July 3, the Office of the Leading Group for Promoting the Stable and Healthy Development of the Real Estate Market in Jingmen City, Hubei Province, issued the "Policy Measures for Continuously Consolidating the Stable Situation of the Real Estate Market in the Central Urban Area," which proposed orderly advancing the sale of completed properties. For high-quality real estate development land newly transferred, the completed property sales model will be prioritized. From January 1, 2026, commercial housing developed on newly transferred land will in principle be sold as completed properties. Following the principle of "distinguishing between new and old," the threshold for presale of commercial housing will be gradually raised. For projects obtaining construction permits after August 1, 2025, the construction progress should reach the topping-out of the main structure. [China Index Academy: Land Acquisition by Top 100 Developers in H1 Up 33.3% YoY] Data from China Index Academy showed that in H1 2025, the total land acquisition amount by TOP100 real estate enterprises reached 506.55 billion yuan, up 33.3% YoY, with the growth rate expanding by 4.5 percentage points MoM. Affected by the low base in the same period last year, the YoY growth rate of land acquisition by TOP100 enterprises expanded MoM. Overall, in H1 2025, the transaction area of residential land in 300 cities continued to shrink, but the land transfer revenue increased significantly YoY, driven by the supply of high-quality plots in core cities. State-owned enterprises remained the main land acquirers, with 8 out of the top 10 enterprises in terms of land acquisition amount being state-owned. Some private enterprises also showed certain investment intensity, such as Binjiang Group ranking in the top 10, and Bangtai Group and Taihe County Dahua Metal Materials Co., Ltd. entering the top 20. [Wuhan: Policy on "Optimizing Approval Services for New Commercial Housing Projects" Extended to December 31, 2025] The Wuhan Housing and Urban Renewal Bureau officially released the "Notice on Extending the Duration of Some Real Estate Policies." The applicability period of the policy in Article 8 of the "Notice on Further Optimizing and Improving Policies to Promote the Stable and Healthy Development of the Real Estate Market in Our City" (Wufangfa [2024] No. 1), regarding "optimizing approval services for new commercial housing projects," was extended to December 31, 2025. From October 1, 2024, to December 31, 2025, for purchases of new commercial housing in Wuhan, full subsidy will be granted based on the actual paid deed tax for properties recognized as the family's first home when applying for the property ownership certificate, while a 50% subsidy will be provided for properties recognized as the family's second home. [PBoC: Strengthening Support for Technological Innovation and Consumption Boost, Exploring Institutional Arrangements to Maintain Capital Market Stability] The People's Bank of China Monetary Policy Committee held its Q2 2025 (109th) regular meeting on June 23. The meeting studied work related to deepening supply-side structural reform in the financial sector, noting that major banks should be guided to play a leading role in providing financial services to the real economy, while small and medium-sized banks are urged to focus on their core responsibilities and businesses. Support should be given to banks in replenishing capital to jointly maintain stable development of financial markets. The meeting emphasized effective implementation of various structural monetary policy tools, solid progress in advancing the "five key areas of finance," increased support for technological innovation and consumption stimulation, and strengthened financing support for priority areas including the "two major strategies" and the "two new programs." It called for leveraging swap facilities among securities, funds, and insurance companies as well as share repurchase and shareholding increase refinancing, exploring institutional arrangements for normalization, and safeguarding capital market stability. Continuous efforts should be made to provide financial services that support the growth of the private sector, give full play to the coordination mechanism for financing small and micro enterprises, and further eliminate bottlenecks and barriers in financing for small, medium, and micro enterprises. Vigorous efforts should be made to ensure effective implementation of existing financial policy measures, intensify efforts to revitalize existing commercial housing and land inventories, sustain stable development of the real estate market, improve foundational real estate finance systems, and facilitate the establishment of a new development model for the sector. The meeting stressed advancing high-standard two-way financial opening-up and enhancing capabilities in economic and financial management and risk prevention under opening conditions. [He Lifeng noted during his inspection tour in Hebei: Expand domestic demand, boost consumption, and promote high-quality economic development] Xinhua News Agency reported that He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, emphasized during his inspection tour in Hebei from August 23rd to 24th the need to thoroughly study and implement the guiding principles of General Secretary Xi Jinping, earnestly implement decisions and deployments of the CPC Central Committee and the State Council, accelerate the establishment of a unified national market, proactively expand domestic demand and boost consumption, expedite the creation of a new real estate development model, develop new quality productive forces in line with local conditions, and better promote high-quality economic development. He Lifeng visited Handan and Xingtai to conduct field research on trade-in activities for home appliances, real estate development and sales, and the development of new energy and new materials industries. He gained an in-depth understanding of the economic situation in the first half of the year, business operations of relevant enterprises, and major challenges faced. He Lifeng noted that China's economy has maintained positive momentum despite pressures since the beginning of this year, with continuously improving social confidence. He called for sustained efforts to ensure effective implementation of trade-in policies for durable consumer goods and stabilize market expectations. Cities may, based on actual conditions and with the goal of greater convenience for residents, integrate consumer goods trade-ins with urban renewal initiatives to better unlock consumption potential. He stressed the need to sustain stable development of the real estate market, accelerate the establishment of a new development model for the sector, and better meet the people's new expectations for "high-quality housing."Efforts should be intensified to stabilize the output and improve the quality of foreign trade producers and promote the integrated development of domestic and foreign trade. Requirements for strengthened supervision and risk prevention must be rigorously implemented to effectively prevent and defuse risks in local small and medium-sized financial institutions in a forceful, orderly, and effective manner. Focus should remain on core businesses to continuously drive innovative development of enterprises in high-end equipment manufacturing, smart PV, clean energy, new materials, and other sectors, while comprehensively addressing cut-throat competition. Acceleration of the transformation and upgrading of economic and technological development zones is needed to enhance specialized service capabilities for enterprises within these zones and develop new quality productive forces in line with local conditions. He Lifeng urged relevant departments and local authorities to conduct in-depth research and exploration, actively pursue innovation, promptly study and resolve practical challenges faced by enterprises, effectively counter external shocks, and fully achieve economic objectives for the first half (H1) and the entire year to better advance high-quality economic development. Z23/>[The 12th meeting of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) Standing Committee holds a plenary session, with keynote speeches delivered on "Further Deepening Economic System Reform to Advance Chinese Modernization"] According to Xinhua News Agency, the 12th plenary session of the 14th National Committee of the CPPCC Standing Committee convened on the afternoon of the 24th, where 14 CPPCC Standing Committee members delivered keynote speeches focusing on "Further Deepening Economic System Reform to Advance Chinese Modernization." Wang Huning, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and Chairman of the CPPCC National Committee, attended the meeting. On behalf of the Central Committee of the China Democratic League, Cao Weixing proposed in his speech to promote better integration of an efficient market and a proactive government and establish a unified national market that is efficient, standardized, fairly competitive, and fully open. Xu Xiaolan suggested in her speech to improve long-term mechanisms and encourage, support, and guide private economic entities to participate in national technological breakthroughs. On behalf of the Central Committee of the Jiusan Society, Liu Zhongfan recommended optimizing the mechanism for commercializing scientific and technological achievements, facilitating the integration of technology and economy, and accelerating the formation of new quality productive forces. Zhang Lianqi proposed in his speech to expand domestic demand by addressing urgent livelihood issues and drive high-quality development through "investing in human capital." On behalf of the Central Committee of the China Association for Promoting Democracy, Yao Aixing suggested deepening fiscal and taxation system reforms to establish a clear, coordinated, and regionally balanced fiscal relationship between central and local governments. Yi Gang proposed deepening financial system reforms to strengthen financial support for private economy and technological innovation, and provide high-quality financial supply for green and low-carbon development. Li Shijie, on behalf of the Central Committee of the China National Democratic Construction Association, recommended improving diversified investment growth mechanisms to support technological innovation and accelerate the cultivation of future industries. Yan Ying suggested in her speech to promote efficient allocation of computing resources and facilitate collaborative development of industrial and general-purpose large models. On behalf of the Central Committee of the Revolutionary Committee of the Chinese Kuomintang, Li Huidong proposed deepening reforms and innovations in agricultural technology extension to achieve effective integration of technological innovation with industrial development and align technical services with industrial demands. Standing Committee Member Wang Xiaodong proposed in his speech to better leverage the role of county towns in connecting cities and driving rural development, promoting integrated urban-rural development. Standing Committee Member Fang Guanghua suggested in his speech that the government, enterprises, universities, and other stakeholders should work together to promote high-quality and full employment for college graduates. Standing Committee Member Feng Zhenglin proposed accelerating the establishment of a new model for real estate development to serve new-type urbanization and common prosperity. Standing Committee Member Li Yao suggested strengthening investment and financing support, expanding new formats in service trade, and facilitating the high-quality development of the Belt and Road Initiative. Standing Committee Member Hong Huimin recommended proactive measures to stabilize and improve the quality of foreign trade and investment. [Xi'an: Allows Housing Provident Fund to Directly Cover Down Payments for New Commercial Housing] Multiple departments in Xi'an, including the Municipal Housing and Urban-Rural Development Bureau, jointly issued the "Several Measures of Xi'an City to Promote the Stable and Healthy Development of the Real Estate Market." The measures include deepening financial support for real estate, implementing policies such as lower down payments and interest rates, expanding the "white list" for financing real estate enterprises, optimizing loan approval processes, and increasing financing support for commercial projects. Housing provident fund support will be enhanced, allowing it to directly cover down payments for new commercial housing. The scope of cross-regional housing provident fund loans will be expanded to include the Guanzhong Plain urban cluster and employees with housing provident fund accounts within the province. [Quzhou Introduces New Property Policies, Offering Subsidies for Multi-child Families Purchasing Improved Housing] The Quzhou Municipal Housing and Urban-Rural Development Bureau, the Municipal Finance Bureau, and the Municipal Health Commission jointly issued the "Notice on Further Measures to Promote the Stable and Healthy Development of the Real Estate Market," proposing subsidies for multi-child families purchasing improved housing. From June 20, 2025, multi-child families purchasing newly built commercial housing in the urban area (projects that obtained pre-sale permits for the first time since 2021) can enjoy subsidies. Families with two children signing the "Zhejiang Province Commercial Housing Sales Contract" for properties with a floor area of 100 m² or above can apply for a subsidy of 80,000 yuan. Families with three children signing the same contract for properties with a floor area of 120 m² or above can apply for a subsidy of 200,000 yuan. The subsidies will be issued in the form of housing vouchers, which can be used in conjunction with other vouchers, and the policy will be trialed for one year. Detailed implementation rules will be formulated separately by the Municipal Housing and Urban-Rural Development Bureau, the Municipal Finance Bureau, and the Municipal Health Commission. Voices from Various Sectors Zhang Zuohao, Chief Macro Analyst at Hongze Midao (Shanghai) Investment Consulting Co., Ltd., shared insights on "Domestic Infrastructure and Real Estate Situation Analysis and Trend Outlook" at the 2025 SMM (3rd) Wire and Cable Industry Development Conference and Exhibition—Wire and Cable Industry Development Forum, hosted by SMM Information & Technology Co., Ltd., co-organized by Luoyang Sanwu Cable Group Co., Ltd., and supported by associations including the Jiangsu Wire and Cable Association, Henan Electrical Engineering Association, Zhejiang Wire and Cable Association, Hunan Wire and Cable Association, Guangdong Wire and Cable Association, Shanghai Wire and Cable Association, Shenzhen Special Robot Cable Association, Guizhou Wire and Cable Association, Hubei Wire and Cable Association, and companies such as Anhui Xinhai High-Conductivity New Materials Co., Ltd., Minfeng Cable Group Co., Ltd., Dongwu Futures Co., Ltd., Zhejiang Dongyi Holding Group Co., Ltd., and Jiangsu Zhongli Group Co., Ltd. . He noted that the supply-demand margin for second-hand homes has significantly improved, inventory for new homes continues to decline, prices are gradually bottoming out, and the acceleration of special bond issuance for land reserves is key to the future recovery of the land market. [China Index Academy: Projected sales decline in H2 real estate market to slightly widen compared to H1] China Index Academy released its summary of China's real estate market in H1 2025 and outlook for H2: Supported by the September 26 policy package last year, the real estate market maintained recovery momentum in Q1 2025, achieving certain results in stabilizing prices and halting declines. Since the beginning of the year, market recovery has been more concentrated in core cities, with "good cities + good houses" demonstrating strong resilience, while the land market also showed some recovery, though market momentum weakened somewhat since Q2. H1 policies continued to release positive signals, with the April Political Bureau of the CPC Central Committee meeting emphasizing "continued consolidation of stable real estate market conditions" and proposing to "increase supply of high-grade housing," while stressing "optimization of existing commercial housing acquisition policies." The June 13 State Council executive meeting reiterated "greater efforts to stabilize the real estate market and halt price declines," "further optimize existing policies to enhance systemic effectiveness of implementation," and clearly outlined policy directions to "stabilize expectations, activate demand, optimize supply, and mitigate risks," injecting confidence into the market. Looking ahead to H2, considering the elevated sales base from Q4 last year driven by the policy package, the sales decline in H2 is projected to slightly widen compared to H1, though "good cities + good houses" will continue to present structural opportunities. [CRIC: Projected further escalation of 'property market stabilization' policies in H2 with potential alleviation of industry inventory pressure] CRIC Real Estate Research indicates that under sustained policy regulation, China's real estate market is gradually developing toward stability and health in H1 2025. Policy implementation accelerated significantly since Q2, accelerating the market's transition to a new positive cycle. Active central and local policy advancements in H1 provided strong support for market stability and healthy development. It is anticipated that policy efforts to stabilize the market will intensify in H2, with comprehensive implementation of urban renewal and land acquisition/storage policies expected to further alleviate industry inventory pressure on both supply and demand sides. The real estate market is expected to accelerate toward a new dynamic equilibrium in supply-demand relations, while the industry accelerates progress toward high-quality development.