The Politburo of the CPC Central Committee met July 30 and directed measures to stabilize the China property market and implement a debt‑restructuring package for the property sector. It ordered reforms of local small‑ and medium‑sized financial institutions to defuse risks, shrink exposures and raise asset quality, called for deeper comprehensive reform of capital‑market investment‑financing to enhance market resilience and confidence, and required thorough risk inspections and strengthened dis

The Politburo of the CPC Central Committee met July 30 and directed measures to stabilize the China property market and implement a debt‑restructuring package for the property sector. It ordered reforms of local small‑ and medium‑sized financial institutions to defuse risks, shrink exposures and raise asset quality, called for deeper comprehensive reform of capital‑market investment‑financing to enhance market resilience and confidence, and required thorough risk inspections and strengthened disaster‑prevention work.