The People's Bank of China is promoting a 300 billion yuan secured housing relending program to support the dual-track housing system of both renting and purchasing.

The People's Bank of China emphasizes the management of financial risks, particularly concerning financing platform debts. It has introduced a 300 billion yuan secured housing relending program aimed at promoting a dual-track housing system that includes both renting and purchasing. This initiative is designed to stabilize the real estate market and drive institutional-type openness.

Affordable housing re-lending: A financial instrument designed to support the housing needs of low-income groups by providing low-interest loans to reduce the cost of purchasing homes.

Financing platform debt risk: Refers to the potential debt risks incurred by local governments when raising funds through financing platforms for infrastructure development.