The 2024 Tsinghua Wudaokou Chief Economists' Forum was held in Beijing on September 28. Sheng Songcheng, a professor at the China-Europe International Business School and former director of the Research and Statistics Department of the People's Bank of China, suggested establishing a national stock housing acquisition fund to collect and store commercial housing that has already been built, and convert it to affordable housing. Structural monetary policy can be combined with fiscal policy, such as lowering the central bank's interest rate on affordable housing reloans of 300 billion yuan and increasing the enthusiasm of commercial banks. “Now it's 1.75%, and I would recommend lowering it to 1%. In this way, commercial banks will be more motivated to use reloans,” he said.

The 2024 Tsinghua Wudaokou Chief Economists' Forum was held in Beijing on September 28. Sheng Songcheng, a professor at the China-Europe International Business School and former director of the Research and Statistics Department of the People's Bank of China, suggested establishing a national stock housing acquisition fund to collect and store commercial housing that has already been built, and convert it to affordable housing. Structural monetary policy can be combined with fiscal policy, such as lowering the central bank's interest rate on affordable housing reloans of 300 billion yuan and increasing the enthusiasm of commercial banks. “Now it's 1.75%, and I would recommend lowering it to 1%. In this way, commercial banks will be more motivated to use reloans,” he said.