China's Beijing municipal government has announced adjustments to its housing purchase policies effective August 9, 2025. Eligible households outside Beijing's Fifth Ring Road will no longer face restrictions on the number of homes they can purchase. Additionally, the minimum down payment ratio for second homes financed through housing provident fund loans has been lowered, aiming to ease access to housing. These measures are part of broader efforts by local governments across China to stabilize the real estate market and promote urban renewal initiatives in the second half of the year. Concurrently, China's Finance Ministry has issued long-term bonds to support economic growth, including 30-year special treasury bonds at an interest rate of 1.9576% and 7-year bonds at 1.6052%. Local governments have boosted bond sales by 60% in the first seven months of 2025, issuing a total of 6.7 trillion yuan in bonds to fund various projects and stimulate the economy.