Calls arise for a massive property stabilisation fund

Potential homebuyers look at a property model in Huizhou, Guangdong province.ZHOU NAN/FOR CHINA DAILY

A real estate stabilisation fund that could be worth trillions of yuan is likely around the corner in China, as policy advisers and economists called for scaling up government funding support in order to address lingering woes like housing inventory worries and unfinished homes.

Their calls came after the biggest cities in China, including Shanghai and Guangdong province's Guangzhou and Shenzhen, lowered mortgage rate minimums and down payment ratio requirements last week to boost homebuying enthusiasm.