Local governments have been issuing series of policies attempting to bail out real estate market. Following loosening their home purchase-limit and the "September 30th" new policy released by the central bank, local governments are rescuing real estate market through policy instruments of housing public accumulation fund. Currently, “liberalized” policies of housing public accumulation fund are spreading far across the country to over 30 cities. ANBOUND research team anticipates that in the future more provinces or regions will “fine tune” their respective policies in this regard, and tremendous efforts are still needed in reducing various administrative blocks and identifying the application scope of mortgage loan concerning housing public accumulation fund.