A-share real-estate sector continued to rally, with multiple names hitting daily
limits. Market chatter points to a possible nationwide mortgage
interest-subsidy: Ministry of Finance 20–50bps, local 20–50bps, aggregate relief
up to 100bps — which could push first-home loan rates toward 2%. A separate
rumour cites a RMB100 billion quota providing a 20bps subsidy targeted at
first-home mortgages. Several broker property analysts say the likelihood of a
Nationwide subsidy is low; one analyst added that a national extension of loan
Tenors would have a similar interest-cost effect to a subsidy or rate cut.
