[Wuhan: Launching a pilot project for collective setting of mortgages for land use rights by households] On October 1, the Wuhan Municipal Housing and Urban Renewal Bureau, the Wuhan Municipal Natural Resources and Urban-Rural Development Bureau, and the Wuhan Local Financial Administration Bureau issued implementation opinions on the implementation of the "Notice on Improving the Commercial Housing Sales System." It mentioned that the role of financing coordination mechanism should be brought into play. Before August 28, 2026 (inclusive), pre-sale commercial housing projects that have signed development loan contracts, in accordance with the principles of marketization and rule of law, and after full consultation between the sponsoring bank and the real estate development enterprise, can meet the reasonable financing needs of the project through new financing, extension or adjustment of repayment plan, alleviate the pressure on project construction funds, and achieve development loan issuance to match the project construction cycle. Carry out a pilot project for collective mortgage setting of land use rights for individual households. If a real estate project development company applies for a development loan by mortgaging land use rights, it should set up a mortgage based on the collective land use rights of each household. Specific measures will be formulated separately.