Zhu Ling: Hello, Teacher Jia! I'm glad you came to Hangzhou. In the past two years, our property market in Hangzhou has really changed a lot, because Hangzhou will say that we are a city with very sensitive policies, so we often say that this is a policy matter. After the introduction of 330 vehicles from the end of last year to the beginning of this year, we saw that the government was rescuing the market, but the transaction situation in the whole Hangzhou market was not very enthusiastic, and the inventory pressure in Hangzhou was still very high.
Konka: I don't know the specific data yet.
Zhu Ling: It's about 15 years now.
Konka: How many sets are there in a year?
Zhu Ling: Ninety thousand sets a year.
Konka: Inventory 15 sets, inventory of 90,000 sets, little pressure.
Zhu Ling: But there is a new one. Will there be any new policies?
Konka: Personally, I have observed that the government policies are almost the same. I don't rule out regional special circumstances and regional special positioning. In Hangzhou, I personally don't have much say, but I don't think the policy will drag the market boom up. The situation in Hangzhou, according to what you just said, I don't think there is much pressure. We should properly control new buildings and give appropriate guidance if the previous data are accurate. The process of future digestion is not too far away.
Zhu Ling: We hope so. By the way, there is another problem that affects what you just said. Real estate is no longer the main pillar.
Konka: No, I said it is still a pillar.
Zhu Ling: We used to think so, but now we think it's a drag. what do you think?
Konka: I think China's urbanization is in the ascendant, and there is a lot of room in the future. The need is constantly expanding, and hundreds of millions of people settle in cities. Together with the public, the overall income level of these people will increase steadily, taking all factors into account. Of course, we should be confident that the pillar role of urbanization in the whole economy will not disappear. Generally speaking, it should not be a drag on the adjustment of real estate in some local callback, it can make the future adjustment in stages. I think the process of differentiation and adjustment is beneficial to the long-term bubble.
Bai Yang: I just listened to Director Jia's speech, and I was deeply inspired! Our Henry Group began to explore overseas real estate in 2009. We believe that China real estate will also develop into a rational market, and housing enterprises will also change from extensive to refined, and from investment-driven to value-driven. Do you think "going out" is a good way to break through in this exploration?
Konka: The "Belt and Road" strategy has been launched in areas where the market economy was active in the past and areas where the domestic market may seize the opportunity to enter. The "Belt and Road" will be directly connected with living facilities through the construction of transportation infrastructure, the construction of various nodes of the transportation network system, the construction of logistics parks and bonded areas, and will not be connected with the construction of shopping malls and houses in urban complexes. I think ambitious entrepreneurs must pay attention to this information. After this market intervention, it is also related to PPP. This thing can't be made for decades. If we seize this space, form our own brand, form our own comparative advantages and competitiveness, of course, the survival and development space of enterprises will be expanded at once.
Bai Yang: Thank you, Director Jia, for your affirmation! We will continue on this road! thank you
Moderator: OK. This is the end of our questioning session, and applause is given to the three guests on the stage again.