National Committee member of the Chinese People's Political Consultative Conference, Liu Yonghao: Suggested lowering down payment rates and loan interest rates.

On March 2, Liu Yonghao, a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of New Hope Group, suggested during a media communication meeting that a batch of strong policies should be issued, with coordination between financial, tax, housing and construction departments to further reduce the down payment ratio and loan interest rates, and to provide temporary tax relief for housing transactions. Optimize planning and reduce the proportion of newly-added commercial land. Support the revitalization of existing commercial and office assets, optimize the "commercial to residential" policy, and moderately relax restrictions on apartments in terms of enrollment and household registration.