The Sixth Session of the 15th Shanghai Municipal People's Congress opened at the World Expo Center on the morning of January 20. Shanghai Mayor Gong Zheng said in his "Government Work Report" that this year Shanghai will complete the transformation of secondary old houses in the central urban area and implement the renovation of 10 million square meters of old houses.
He stressed that it is necessary to adhere to the positioning that houses are used to live, not to speculate, adhere to the combination of rent and purchase, build and raise 173,000 sets (rooms) of affordable rental housing, improve the real estate precision regulation and control mechanism of stable land prices, stable house prices and stable expectations, and promote the stable and healthy development of the real estate market.
![[Central Bank: #Affordable rental housing related loans are not included in the management of real estate loan concentration#] The reporter learned from the Chinese Bank on the 8th that the People's Bank of China and the Banking and Insurance Regulatory Commission recently issued a notice[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)