On May 9, 2024 Guandian Organization Capital Roundtable was held at the St. Regis Hotel in Hong Kong. The conference was organized by Viewpoint Institute and supported by Hong Kong Graduate School of Business and Hong Kong Cross-border Investment Federation.

I would like to take this opportunity to briefly report my superficial views on China's real estate for your criticism and correction.

Despite being at its lowest level in nearly two decades, I don't think we should be overly pessimistic about the housing sector. In the era of great changes, in line with the major changes in the market supply and demand relationship, the entire industry is actively exploring new development models to reshape the growth curve and rebuild competitiveness.

First, the transformation to the stock market.

The real estate market has bid farewell to the shortage era, the simple high turnover model of building and selling houses has been eliminated, and the sales model dominated by residential sales has encountered development bottlenecks.

In the context of the transformation of the real estate industry from an incremental market to a stock market, there are at least four tracks worth long-term in-depth cultivation, including the leasing market under the pattern of simultaneous rental and purchase, the commercial real estate market under the background of consumer recovery, the commercial real estate market under the background of urban renewal, the stock market under the background of urban renewal, and the property management market under the demand for service upgrading. Are the effective starting point of the new development model of the real estate industry.

The second is to adapt to the new model of real estate financial supervision.

The real estate industry has developed under the background of the rapid development of financialization, and it is also a typical highly financialized and highly leveraged industry. Including banks, private funds, trusts, securities brokerages, insurance are the main channels of real estate financing, skilled and flexible use of a variety of financial instruments including REITS, comprehensive docking with the capital market for financing, has become a compulsory course for excellent real estate enterprises.

Under the reality that the liquidity of the real estate industry is still not sufficient, how to adapt to the new real estate financial supervision model, make full use of the multi-level market-oriented real estate financial system, and promote the virtuous cycle of finance and real estate has become a must answer in the industry

This innovative project reduces financing costs and is in line with Hong Kong's active initiatives to explore blockchain, Web3.0 and virtual asset services, further consolidating Hong Kong's position as an international financial center.

Hong Kong Graduate School of Business is an international business school based in Hong Kong. Adhering to the school motto of "knowing and action leads far through the west and east", it cooperates with internationally renowned business schools and universities to cultivate business leaders with an international vision with the teaching paradigm of "mentorship - pay transmission".

The first spring class of the Doctoral Degree Program in Financial Management (FDBA) was officially launched in Hong Kong on March 1, aiming to cultivate a group of academic entrepreneurs and business leaders who dare to go to sea, are good at going to sea, and can understand and navigate the international business environment.

Echoing the theme of today's conference "Reshaping and Interworking", on April 27 in Hangzhou, Xiangjiang Business School, as the main initiator, jointly organized the Seminar on the Listing Rules and Procedures of Major International Exchanges with Zheshang Bank, Hangzhou Bank and other institutions, inviting representatives from six stock exchanges in China, including Hong Kong, Singapore, Tokyo, NASDAQ and London. On the same stage, we will introduce the characteristics, listing conditions and focus requirements of each exchange, and discuss how enterprises can better connect the world and connect the west and East.

I hope to have the opportunity to integrate education, real estate and capital in the future to serve the industry innovation.

Welcome to Hong Kong Graduate School of Business, located in the Everbright Center. Finally, I wish the event a complete success!

Thank you all!