The 12th meeting of the Standing Committee of the National People's Congress will be held in Beijing for five straight days starting today (4th). The People's Daily published an article today entitled “Actively Promoting the End of Downtrend and Stabilization in the Real Estate Market”.The article ran that a series of financial policies promulgated by the central government continues to exert influence on supply and demand, and treats all equally to meet the reasonable financing needs of real estate enterprises of different ownerships, better supports rigid and improved housing demand, and promotes the end of downtrend and stabilization of the real estate market. Related NewsUOB Kay Hian Stays Cautious on NWD w/ Rating Kept Hold; Top Picks CHINA RES LAND/ SHK PPTThe article also mentioned that financial services related to the real estate sector are closely linked with the cost and expectations of residents purchasing a home on the one hand, and the capital guarantee of compliant projects under construction on the other. Optimizing related financial services and promoting the stable and healthy development of the real estate market not only concerns the vital interests of the people, but also plays an important role in promoting the sustained economic recovery. Good policies depend on the implementation. For the financial sector, it is pivotal to accelerate the implementation of relevant policies and measures in accordance with local conditions to achieve practical results.