China is ramping up trade-in deals within the real estate sector, aiming to streamline the replacement cycle for new and pre-owned homes. Beijing recently witnessed the inaugural transaction of this initiative, marking the commencement of efforts to reduce housing inventories and stimulate market activity. If the purchasing process for new homes can be accelerated, the housing transaction cycle can be optimized. By facilitating the entire transaction chain through trade-in deals, a healthy overall market cycle could be formed.