Hello, on September 29th, the People's Bank of China and China Banking Regulatory Commission issued a notice, and decided to adjust the differentiated housing credit policy in stages. Eligible city governments can independently decide to maintain, reduce or cancel the lower limit of the first set of local new housing loan interest rates before the end of 2022. On September 30th, the People's Bank of China decided to reduce the interest rate of the first individual housing provident fund loan by 0. 15 percentage points from June, 2022, and adjust the interest rates for less than five years (including five years) and more than five years to 2.6% and 3. 1% respectively. The second set of personal housing provident fund loan interest rate policy remains unchanged, that is, the interest rates for less than five years (including five years) and more than five years are not less than 3.025% and 3.575% respectively. On September 30th, the Ministry of Finance issued an announcement on the personal income tax policy to support residents to buy houses. From June 10, 2022 to February 3 1 2023, taxpayers who sell their own houses and buy houses in the market again within 1 year after selling their existing houses will be given preferential tax refund.