Shanghai, as the 'weathervane' of the national real estate market, officially launched its first batch of second-hand housing acquisitions today (supported by China Construction Bank, piloted in Jing'an, Pudong, and Xuhui). The government as the 'big buyer' provides a price anchor, significantly reducing the 'panic selling' behavior of those urgently offloading properties to upgrade, thereby stabilizing the price center of such housing.