In a concerted effort to revive its struggling housing market, China is set to cut existing mortgage rates by the end of October while major cities like Shanghai, Shenzhen, and Guangzhou are easing homebuying restrictions as part of a broader stimulus push. This follows a series of new policies aimed at stabilizing the real estate sector, which have led to a significant rally in property stocks. Analysts express hope that these measures could buoy the market in the coming months, though some caution that the initiatives may be 'too little, too late' to fully reverse the ongoing downturn. The People's Bank of China (PBoC) has directed banks to implement these rate cuts and refinance options for homeowners, reflecting the urgency to restore confidence among buyers and spur demand.