Six Shanghai agencies — the Municipal Housing and Urban‑Rural Development
Commission, Municipal Housing Management Bureau, Municipal Finance Bureau, PBOC
Shanghai Branch, Shanghai Financial Regulatory Bureau and the Shanghai Housing
Provident Fund Management Center — issued a joint notice effective Aug. 21,
2026. The notice directs a demand‑led program, aligned with the 15th Five‑Year
Plan for affordable rental housing, to accelerate acquisition of second‑hand
residential units in central city districts (including inside the Pudong Outer
Ring) and convert them to affordable rental housing to increase supply in
central districts.
