The Economic Information Daily reported on the 23rd: Driven by rumors of a nationwide interest subsidy policy being implemented, property stocks continued to rise in the afternoon. Huayuan Holdings (Sh:600743) surged to the daily limit, Huali Family (Sh:600503) rebounded over 4%, Lujiazui (Sh:600663) rose 3.7%, Vanke A (Sz:000002) gained 3.6%, Rongsheng Development (Sz:002146), Chengtou Holdings (Sh:600649), and Gemdale Group (Sh:600383) followed higher.

Market rumors suggest that a nationwide interest subsidy policy will be implemented, with the Ministry of Finance subsidizing 20-50 basis points and local governments subsidizing another 20-50 basis points, potentially bringing the total subsidy up to 100 basis points, driving the interest rate for first-home mortgages down to around 2%. There are even rumors that mortgage interest subsidies will be implemented soon, with a total quota of 100 billion yuan and a subsidy of 20 basis points, targeting first-home buyers.

However, multiple brokerage real estate analysts believe the likelihood of a nationwide interest subsidy policy being implemented is low. One analyst stated: "At the national level, extending loan terms is essentially similar to reducing interest through subsidies or rate cuts." (ry)