[Reform and improve the real estate financing system The State Administration of Financial Supervision and Administration issued five management measures on August 28. In order to implement the decisions and arrangements of the Party Central Committee and the State Council on accelerating the construction of a new model of real estate development, protect the legitimate rights and interests of home buyers, meet the reasonable financing needs of real estate, and promote high-quality development of real estate, the State Administration of Financial Supervision and Administration, together with relevant departments, has revised Reform and improve the real estate financing system, and issued the "Measures for the Administration of Commercial Housing Development Loans (Trial)", "Measures for the Administration of Personal Housing Loans (Trial)", "Measures for the Administration of Commercial Real Estate Loans (Trial)", "Measures for the Administration of Loans for Urban Renewal Projects (Trial)" and "Measures for the Administration of Trust Business in the Real Estate Field by Trust Companies (Trial)". Relevant measures fully implement the requirements of the new real estate development model, based on the real estate market situation and future development direction, adhere to the project-centered, sponsoring bank system, and closed fund management, guide banking financial institutions to provide real estate financial services in accordance with the principles of marketization and rule of law, and achieve full-cycle financial support for real estate development, construction, sales, and operations. The "Commodity Housing Development Loan Management Measures (Trial)" fully draws on the experience and practices of the "white list" mechanism, treats projects of different ownership equally, and meets the reasonable financing needs of commercial housing development projects. The "Personal Housing Loan Management Measures (Trial)" reasonably adjusts the timing of loan issuance, appropriately optimizes the upper limit requirements of income-to-debt service ratio, and extends the upper limit of loan period, which not only protects the legitimate rights and interests of home buyers, but also better meets residents' rigid and improved housing needs. The "Commercial Real Estate Loan Management Measures (Trial)" clarifies the loan requirements for commercial real estate development, purchase and operation stages, and supports the stable and healthy development of the commercial real estate market. The "Urban Renewal Project Loan Management Measures (Trial)" guides banking financial institutions to enhance the accuracy, adaptability and effectiveness of financial services for urban renewal, and help promote high-quality urban renewal. The "Administrative Measures for Trust Companies to Carry out Trust Business in the Real Estate Field (Trial)" adheres to the principles of serving the real economy, controlling risks, and implementing investor suitability management, and promotes trust companies to better leverage their own characteristics and advantages to carry out trust business in the real estate field by clarifying business development rules, strengthening professional capacity building, and strengthening investor protection. In the next step, the State Administration of Financial Supervision will work with relevant departments to guide banking financial institutions to implement relevant measures, provide financial support and services that are compatible with the new real estate development model, and promote high-quality development of real estate. (CCTV News)