[Demand Stimulated: New Housing Provident Fund Policy Boosts Real Estate Market Activity] Last week, the People's Bank of China issued a notice on reducing the interest rates for individual housing provident fund loans, stating that, effective from May 8, 2025, the interest rates for individual housing provident fund loans would be lowered by 0.25 percentage points. Over the past weekend, the new housing provident fund policy significantly boosted market activity. Taking the Shenzhen market as an example, data released by the Central China Research Center of Shenzhen showed that, during the first weekend following the new housing provident fund policy (May 10-11), 152 new residential properties and 128 second-hand residential properties were sold in Shenzhen. Meanwhile, over the past weekend, the number of viewings for second-hand properties listed with Central China Real Estate increased by 53% compared to the previous week. Data from Shenzhen Leyoujia Research Center indicated that the new housing provident fund policy effectively reduced home-buying costs and boosted market activity. Following the policy's implementation, customers made decisions faster during the first weekend, with the number of second-hand property transactions signed at Leyoujia stores on Sunday increasing by 35% compared to the average during the Labour Day holiday.