The topic of "housing related" has always been a hot topic of market attention. In the first half of this year, the six major state-owned banks have delivered a response based on "stability" in their operations: on the one hand, they actively promote the efficient implementation of the urban real estate financing coordination mechanism (hereinafter referred to as the "coordination mechanism"), with over one trillion yuan of funds accurately injected into "whitelist" projects, fully supporting the guarantee of property delivery and market stability; On the other hand, the effect of strict risk control continues to be evident, and the non-performing loan ratio of the real estate industry in multiple banks has decreased compared to the end of 2024, while the overall asset quality remains stable. At the recent performance conference, the management of several state-owned banks stated that while assessing the "basic stability" and "potential stabilization" of the real estate market risks, the banks are also seeking business growth space to build new models for real estate development from structural changes in the second-hand housing market, urban renewal, and other markets. The implementation of the real estate financing coordination mechanism has been effective. In the first half of this year, the six major state-owned banks continued to promote the implementation of the coordination mechanism, helping to build a new model for real estate development. In its semi annual report for 2025, Industrial and Commercial Bank of China (ICBC) stated that it adheres to the "three in one" asset selection criteria of region, customer, and project, meets the reasonable financing needs of real estate projects, and continues to optimize its investment and financing structure layout. In the first half of this year, real estate development loans within the bank have made steady progress, "said Zhang Shouchuan, Vice President of Industrial and Commercial Bank of China, at the bank's 2025 interim performance conference. According to the Agricultural Bank of China's semi annual report for 2025, the bank implemented a coordination mechanism during the reporting period to support the fight against "guaranteed delivery of housing" and promote the stable and healthy development of the real estate market. As of the end of June this year, the bank has approved over 1400 "whitelist" projects with an approved amount of over 700 billion yuan and completed loan disbursement of over 530 billion yuan. Bank of China emphasized in its semi annual report for 2025 the need to support financing for the development, purchase, and operation of rental housing. In its semi annual report for 2025, Postal Savings Bank of China stated that it will create a series of real estate related products, create a financial service system that matches the new model of real estate development, reasonably distinguish project and subject risks, meet the reasonable financing needs of real estate enterprises, increase support for the revitalization of financing needs of real estate enterprises, and promote the normalization of coordination mechanisms. According to the mid-term performance report of the six major state-owned banks, as of the end of June this year, the non-performing loan ratio of the real estate industry in Agricultural Bank of China, Construction Bank of China, Postal Savings Bank of China, and Bank of Communications has decreased compared to the end of 2024, with a decrease of 0.05 percentage points, 0.05 percentage points, 0.32 percentage points, and 0.53 percentage points respectively. At performance meetings held by multiple state-owned banks, the management of several banks responded and assessed the current risks in the real estate sector. Lin Li, Vice President of Agricultural Bank of China, stated that the risk of the bank's real estate business is basically stable. The bank strongly supports the construction of the "Three Major Projects", actively implements coordination mechanisms, provides financial services for destocking commercial housing, and accurately meets the reasonable financing needs of real estate projects. At the same time, we will strengthen the refined management of real estate project risks and continue to promote the prevention and resolution of real estate risks. Li Jianjiang, Vice President of China Construction Bank, stated, "While meeting the reasonable financing needs of the real estate industry, we have conducted in-depth research on the trend of risk evolution, strengthened monitoring, and continued to do a good job in risk prevention and orderly resolution." According to Yao Hong, Vice President and Chief Risk Officer of Postal Savings Bank of China, the risk exposure in key areas of Postal Savings Bank of China continued to converge in the first half of this year. By increasing the proactive exit and resolution efforts of high-risk customers, as of the end of June this year, the non-performing loan ratio of the real estate industry of the bank was 1.62%. With the simultaneous efforts of policies on both the supply and demand sides of the real estate market, it is expected that the real estate market will gradually achieve a 'stop falling and stabilize'. ”Vice President of Bank of China, Wu Jian, stated. New changes in the housing market bring new business opportunities. Since the beginning of this year, the government has continuously introduced policies to promote the stabilization of the real estate market. At the same time, various regions have also implemented a series of measures based on urban conditions, and the results have gradually emerged, further boosting market expectations. Structurally, the new changes in the housing market have created new space for business development. ”Ji Zhihong, Vice President of China Construction Bank, stated that in recent years, the proportion of second-hand housing transactions in the total housing transactions has continued to increase. The bank actively seizes the structural opportunities in the market, refines the admission conditions, streamlines loan materials, expands front-end services of branches, and promotes the development of second-hand housing loan business in response to the characteristics of multiple types of second-hand housing sources and wide distribution of transactions. It is reported that in the first half of this year, China Construction Bank ranked first in the industry in terms of second-hand housing loans, with an increase of over 20% compared to the same period last year; New loans increased by 43.6 billion yuan compared to the same period last year; The balance of second-hand housing loans has reached 1.89 trillion yuan. The Central Urban Work Conference held in July this year explicitly mentioned accelerating the construction of a new model for real estate development and steadily promoting the renovation of urban villages and dilapidated houses. In the eyes of industry insiders, this will further stimulate people's demand for "good houses". Agricultural Bank of China will actively connect with urban renewal actions in various regions, actively support urban renewal projects such as demolition and reconstruction, improvement and upgrading, and affordable housing projects, and continue to do a good job in coordinating the deployment of 'whitelist' projects. ”Agricultural Bank President Wang Zhiheng stated. Ji Zhihong stated that China Construction Bank will focus on implementing a series of policies, extending the housing finance service chain, especially creating a service loop for the housing finance ecosystem around customers, improving the layout of the housing finance ecosystem, and continuously consolidating and enhancing its competitiveness in this area. It is expected that the performance of China Construction Bank's housing loan business will be better than last year for the whole year, "said Gu Bin, Vice President of Bank of Communications. Regarding the new model of real estate development policy guidance, market operation, and trend changes of real estate enterprises, further research will be strengthened to coordinate the financing planning and risk prevention of real estate projects in various regions. (New Society)