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The outline of the long-term mechanism of the real estate market in the next city is gradually emerging.

  "Rent and sell the same rights" to the next city. On the 17th, Beijing issued the Notice on Accelerating the Development and Standardized Management of the Housing Rental Market in this Municipality (Draft for Comment). According to the notice, children of eligible tenants, including Beijing residents and non-Beijing residents, will enjoy compulsory education in their districts.

  In 2017, the real estate market in China ushered in a drastic change. Hot cities have stepped into the "five-limit" era with restrictions on purchases, loans, sales and businesses as the core, and the excessive rise in housing prices has been curbed. At the same time, with the expansion of the leasing market and the adjustment of land supply policies, the long-term mechanism of the property market has begun to break the ice and the outline is gradually emerging.

  Promote the "simultaneous purchase and rent" and land one after another.

  Beijing’s New Lease Policy released on the 17th pointed out that those who rent public rental houses and public houses directly under Beijing’s household registration can apply for registered permanent residence’s registration and relocation procedures according to the information registered on the housing rental supervision platform.

  For non-Beijingers, school-age children can receive compulsory education in the same district if they meet the conditions of continuous single lease and actual residence for more than 3 years, registration on the housing lease supervision platform, and legal and stable employment of one spouse in the district for more than 3 years.

  At the same time, a unified housing lease supervision platform and online trading platform will be established in the city. The leasing supervision platform will provide background data support for the online trading platform by linking the online trading platform, and the online trading platform will provide external services such as housing lease information release, online signing of housing lease contracts, housing lease registration and filing applications, transaction fund supervision, credit information inquiry of market entities, credit evaluation, etc.

  "In the past, both Beijing-born and non-Beijing-born people could only choose to receive compulsory education in their domicile or real estate. The new lease policy in Beijing is ‘ The same right to rent and sell ’ The best embodiment. " Zhang Dawei, chief analyst of Zhongyuan Real Estate, said.

  Beijing’s New Lease Policy also proposes that the people’s governments of all districts should strengthen the land security of rental housing according to the actual situation of each district, and increase the supply of rental housing by building rental housing on industrial parks and collective construction land according to the plan.

  At the end of 2016, the 14th meeting of the Central Leading Group for Finance and Economics emphasized that it is necessary to accurately grasp the residential property of housing, take meeting the housing needs of new citizens as the main starting point, take the establishment of a housing system with both rent and purchase as the main direction, take the market as the main direction to meet multi-level needs, take the government as the main source to provide basic protection, give priority to local areas, and take multiple measures, such as finance, taxation, land and market supervision, to form a long-term institutional arrangement, so that all people can live and live.

  In May this year, the Ministry of Housing and Urban-Rural Development publicly solicited opinions on the Regulations on the Administration of Housing Leasing and Sales. In July, nine ministries and commissions, including the Ministry of Housing and Urban-Rural Development, issued the Notice on Accelerating the Development of Housing Leasing Market in Large and Medium-sized Cities with Net Population Inflow, and selected 12 cities, including Guangzhou, Shenzhen, Nanjing, Hangzhou, Xiamen, Wuhan, Chengdu, Shenyang, Hefei, Zhengzhou, Foshan and Zhaoqing, to carry out housing leasing pilot projects in the first batch.

  At present, in addition to Beijing, Guangzhou, Foshan, Wuhan, Shenyang, Shandong, Henan and other places have issued pilot programs to accelerate the development of the housing rental market. Take Wuhan as an example. At present, the city has chosen Wuhan East Lake New Technology Development Zone and Wuhan Economic and Technological Development Zone as the pilot areas for housing leasing. The Wuhan Housing Security and Housing Management Bureau takes the lead in organizing relevant units, and according to factors such as enterprise operation scale, financial strength, operation ability and credit, no less than five state-owned enterprises, five private real estate development enterprises and ten housing leasing enterprises are selected as pilot enterprises for large-scale operation of housing leasing, so as to achieve the landing of housing leasing projects by the end of 2017, with 7,000 newly leased houses with an area of not less than 300,000 square meters.

  Adjustment of land supply mode has changed.

  From initial purchase restriction and loan restriction, to price restriction, sales restriction, and then to business restriction, the hot city property market has entered the era of "five restrictions". According to statistics from the Central Plains Real Estate Research Center, since the fourth quarter of 2016, there have been more than 60 large and medium-sized cities in China, and more than 160 binding real estate control policies have been introduced.

  In this context, the property market has turned from hot to stable, and the regulation policy has also shifted from restricting demand to increasing supply under the overall idea of "policy stability" and "checking for leaks and filling gaps".

  In Beijing, increasing the supply of land for 70-year-old residential property rental will provide nearly 20,000 suites. In Shanghai, two low-priced "rent only but not for sale" plots were launched, requiring the transferee to hold the leased housing property as a whole and continue to rent it out during the transfer period.

  The "Several Measures for Accelerating the Renovation of shantytowns (Draft for Comment)" issued by Shenzhen shows that Shenzhen will accelerate the promotion of "the implementation mode of shantytown renovation project led by the government+the implementation of state-owned enterprises+public housing" and support the construction of talent housing and affordable housing.

  The "Several Policies and Measures on Supporting Millions of College Students to Stay in China for Entrepreneurship and Employment" issued by Wuhan proposes to ensure the realization of the goal of "retaining 1 million college students in five years". It is understood that in the future, Wuhan will build apartments with talents of more than 500,000 square meters every year, and within five years, it will reach the total scale of apartments with talents meeting the rental needs of 200,000 people.

  "The land supply model has changed." Zhang Dawei predicts that the land supply in first-and second-tier cities will become more and more "price-limited+residential" in the future. Taking Beijing as an example, all residential land sold in 2017 will be price-limited or self-occupied. In this case, starting from the land supply, housing will be promoted to return to the residential property in an all-round way.

  In addition to increasing the supply of rental housing land, accelerating the entry of land into the market is also one of the policy directions. Previously, the Beijing Municipal Commission of Housing and Urban-Rural Development issued the Notice on Handling Pre-sale Permits for Commercial Housing Projects, and published a list of 389 in-transit projects, emphasizing that "13 million square meters of land has been acquired but not started, and 9.5 million square meters have been started but not entered the market". The in-transit commercial housing projects need to speed up the development progress and form a supply of commercial housing as soon as possible.

  Exploring the prototype of the long-term mechanism of the property market is gradually emerging.

  After two rounds of intensive regulation and control since September 30th last year, the real estate market in first-tier and hot-spot second-tier cities has entered a stage of "stable price decline", and the momentum of excessive price increase has been curbed. Mao Shengyong, spokesman of the National Bureau of Statistics, said that after this round of regulation and control, the current overheating situation of China’s real estate market has been cooled to a certain extent, and the overall operation is stable. The situation of excessive housing price increase in first-tier cities and hot-spot second-tier cities has been controlled, and the demand for speculative and investment housing has been greatly reduced; Real estate destocking in third-and fourth-tier cities has been effectively promoted.

  Mao Shengyong believes that in the later stage, we will increase regulation and control and pilot a long-term mechanism. He said that in the context of the pressure of rising housing prices in first-and second-tier cities and the high inventory in many third-and fourth-tier cities, especially county-level cities, it is time to strengthen the main responsibility of local governments and implement classified regulation according to local conditions. With all kinds of long-term mechanisms being tested and studied in various places and further expanded, the real estate market will usher in a more benign development in the future.

  "China’s real estate regulation and control ideas have moved from short-term to long-term." Kang Junliang, director of the Legal Department of China Real Estate Association, said that from the perspective of the real estate industry itself, a long-term mechanism is on the way. Including the nationwide networking of housing registration information and land registration information, the establishment of a sound and market-oriented housing rental system, the establishment of a classified and regulated land supply mechanism and land supply structure, and the real estate tax system under legislation.

  Kang Junliang said that information networking and real estate tax are basic systems. Through information networking, we can grasp the base and improve the pertinence and effectiveness of future policies. Real estate tax has a direct regulatory role in curbing excessive investment and speculation; Under the premise that the land supply and lease system will establish the dual-track system of market and security, the effective integration of housing market and housing security will be realized.

  Kang Junliang said that in the future, the long-term mechanism of the property market will be gradually improved and formed, and localities will conduct pilot projects according to their own conditions. For example, it is the general trend for the pilot of residential leasing to expand from the previous 12 pilot cities.

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The real estate industry still has huge room for development.

Chen sheng
Recently, there have been many favorable policies and news in the real estate field, and there are also many discussions about the future development of real estate. This industry has indeed experienced some difficulties in a certain period of time, but it is largely staged and short-term. From the perspective and law of real estate history, the future of China real estate has great room for development.
At present, real estate accounts for about 7% of GDP, and the construction industry is only about 14%, which is lower than that of many countries. This means that there is still a lot of room for the development of the real estate service industry, which is the opportunity in the future. All kinds of real estate service industries, including financial leasing, real estate for subdivided tracks, space derivative services, stock renewal and leasing, brokerage, asset management, etc., still have great room for development, and even some tracks are in a state of short supply. The discussion on China real estate should not be limited to the balance between supply and demand, but also take into account the development space and opportunities of each track.
We can firmly believe in the growth of real estate and various derivative services, because the future of real estate will not stick to the current development model, but will be transformed into a new development model. So what is the new development model? The extensive development model of high scale, high leverage, high turnover and high debt in the past will develop into a new real estate model with product quality as the center, customer service as the core and people as the center. The new model requires us to return to the real estate products themselves. First-class housing enterprises that can lead the trend in the new era must have excellent quality, outstanding brand, modern governance and leading innovation.
The development of the real estate industry will never end. At present, it still maintains a trading demand of 10 trillion yuan, which is already a very large market. In addition, people’s pursuit for a better life and a green living environment is endless. The progress of science and technology, the improvement of aesthetics and the change of population structure can bring new opportunities to the development of real estate.
There may still be some difficulties to be solved now, but this is phased and cyclical. In 2022, the urbanization rate of China was 65.22%. According to the law of world development, before the urbanization rate reached 75%, almost no country had a sustained and irreversible bubble collapse in real estate. China’s urbanization development is expected to maintain an average annual growth range of 0.5% to 0.8%. Coupled with factors such as population migration between cities and economic recovery to drive residents’ housing consumption, the overall demand for medium and long-term rigid housing is sufficient. At the same time, there is a mismatch between the real estate inventory and the current demand in location, apartment type and quality, and the imbalance between supply and demand of high-quality housing and the structural shortage are prominent, which will also give birth to sustained incremental demand.
The demand for quality improvement will stimulate the new vitality of the market. Before 2000, there were 219,000 old urban residential areas in China, which were small in area, low in quality, poor in supporting facilities and inadequate in property management. Nearly 35% of families still lived in such a housing environment. The need to improve the living environment is still urgent. In addition, the peak circulation rate of stock houses in some countries is 5% to 6%, while in China it is only 1% to 2% at present. This means that we still have a huge room for improvement in this respect, and it is estimated that the average annual demand for improvement will exceed 8 million sets.
Relevant research shows that people have higher expectations and requirements for real estate products and services than before. The demand for healthy homes in the post-epidemic era and the evolution of new family structure mean that the industry has more possibilities for value-added. The birth of new demands and new functions, as well as the iteration of new technologies and new materials, will also bring continuous innovation vitality and development momentum to upstream and downstream enterprises in the industry, which is our confidence in the future.
At the same time, our real estate also contains strong structural growth potential. In the product-centered era, structural development opportunities mean that housing enterprises should make corresponding changes in time. The current development situation also confirms this point. Although some housing enterprises have experienced development difficulties, there are also a number of enterprises that insist on product quality to maintain steady development, and even some enterprises known for their projects have ushered in hot sales. It is undeniable that some old enterprises still face great pressure under the old model. On the one hand, we need to cut with the old model; On the other hand, it is necessary to build a new development track.
Housing enterprises should abandon the mentality of treating consumers as bill payers in the past, but take consumers as partners with common interests and adhere to people-oriented and customer-centered; We should return from the thinking of emphasizing finance and development to the thinking of specialty and customer-orientation, actively change the logic of enterprise management and real estate business development, build a product service system that starts with customer research and ends with customer experience, build a three-good system of good products, good services and good life, and run better service quality through the whole cycle of sales delivery. Only in this way can we always maintain a positive interaction with consumers and feed back the development momentum of enterprises with brand potential energy.
There are many possibilities for the future development of real estate by cutting the wrong model of the past and building a new development model. The key to the future development of housing enterprises is to adhere to the long-term goal, stabilize confidence, adhere to the people-oriented, product-oriented and service-oriented development model, and strive to create a good product, good community and good service. (The author is Dean of China Real Estate Data Research Institute) ▲
# Hundreds of New Earnings #
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Good! Meet the reasonable financing needs of real estate enterprises with different ownership equally

  China Securities Network News (Reporter Yu Xiangming) According to china construction news WeChat WeChat official account News, on the morning of January 26th, the Ministry of Housing and Urban-Rural Development held a deployment meeting of urban real estate financing coordination mechanism. Party Secretary and Minister Ni Hong attended the meeting and stressed that the spirit of the Central Economic Work Conference should be thoroughly implemented, the coordination mechanism of urban real estate financing should be accelerated to take effect, the development and construction of real estate projects should be supported, the reasonable financing needs of real estate enterprises with different ownership systems should be met equally, and the stable and healthy development of the real estate market should be promoted.

  The meeting pointed out that the establishment of urban real estate financing coordination mechanism is an important measure to implement the decision-making arrangements of the CPC Central Committee and the State Council, meet the reasonable financing needs of real estate enterprises with different ownership equally, and promote a virtuous circle of finance and real estate. The people’s governments of cities at or above the prefecture level should effectively play a leading and coordinating role, quickly establish and operate this important mechanism, timely judge the local real estate market situation and real estate financing needs, strengthen overall planning, refine policies and measures, build a communication platform between government, banks and enterprises, promote the accurate docking of real estate enterprises and financial institutions, and coordinate and solve the difficulties and problems existing in real estate financing.

  The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be ensured to be operated in a closed way and used in compliance, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation and strengthen supervision and guidance. At the national level, an information platform for urban real estate financing coordination mechanism projects will be established, and weekly scheduling and monthly notification will be implemented.

  The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions. It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

  The Central Economic Work Conference proposed to actively and steadily resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership equally, and promote the stable and healthy development of the real estate market. Accelerate the construction of affordable housing, the construction of public infrastructure for both ordinary and emergency use, and the transformation of villages in cities. Improve the relevant basic systems and accelerate the construction of a new model of real estate development.

  The reporter noted that policy measures such as "meeting the reasonable financing needs of housing enterprises with different ownership equally" are being implemented. According to the latest data of the People’s Bank of China, by the end of 2023, five major banks, namely, industry, agriculture, China, construction and communications, had invested more than 30 billion yuan in development loans to non-state-owned housing enterprises.

  "Recently, loans from financial institutions to private housing enterprises are increasing, and financing to support private housing enterprises is accelerating. It is expected that the financing support policies for private housing enterprises will be further strengthened in the later period, and the financing of private housing enterprises in development loans, operating loans and bond underwriting will continue to increase. " Liu Shui, director of enterprise research at the China Central Finger Research Institute, told reporters.

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Beijing’s real estate market sales are still sluggish, and house prices have loosened.


Information picture


  BEIJING, Nov. 19 (Xinhua)-The Beijing Municipal Bureau of Statistics announced on its official website today the operation of Beijing’s real estate market from January to October. In October, Beijing’s real estate development activities resumed, but under the background of overall economic slowdown and strong wait-and-see mood of buying houses, the main indicators of the real estate market are still running at a low level.


  First, development investment has rebounded, but the overall trend is still downward.


  From January to October, the city’s investment in real estate development was 131.53 billion yuan, a decrease of 7.3% compared with the same period of last year, and the decrease was 0.8 percentage points lower than that in the previous three quarters. Among them, the construction in August and September was restricted, and the investment in development was 6.87 billion yuan and 11.16 billion yuan respectively, down by 56.8% and 36.7% year-on-year; The investment in development completed in October rebounded to 17.84 billion yuan, down 1.8% from the same month last year.


  The progress of the project construction has not been significantly accelerated.In October, the progress of project construction was not accelerated on a large scale, and the number of projects with construction activities has not recovered to the level before the Olympic Games. The investment in Jian ‘an project was small: only 5.66 billion yuan was completed in October, down 36% from last October. From January to October, the investment in Jian ‘an project was 61.76 billion yuan, down 17.9% year-on-year, and the decline was 2.5 percentage points higher than that in the previous three quarters.


  Second, the pace of market supply slowed down, and the completed residential area fell by over 30%.


  The construction area and new construction area continue to decline.Since July, with the limited construction and the slowdown of land acquisition by enterprises, the growth rate of development area has dropped significantly. In October, affected by subjective and objective factors, the construction and new construction area continued to show a downward trend. At the end of October, the construction area of commercial housing in the city was 90.159 million square meters, down 5.7% from the same period of last year, and the decline was 3.4 percentage points higher than that at the end of September. Among them, the residential construction area was 49.829 million square meters, down by 7.9%. From January to October, the newly started area of commercial housing in the city was 17.087 million square meters, down 8%, and the decline was 6.5 percentage points higher than that in the previous three quarters. Among them, the newly started residential area was 11.398 million square meters, down 3.9%.


  The completed area continues to decline.Since December of last year, the completed area has been declining continuously. From January to October, the completed area of the city was 14.237 million square meters, down 8.3% from the same period of last year. Among them, the completed residential area was 7.692 million square meters, down 32.1%.


  Third, the market sales are still sluggish, and the role of affordable housing is obvious.


  The wait-and-see mood in the real estate market is still strong.In late October, the Ministry of Finance and the Central Bank jointly issued a package of policies to encourage housing consumption. However, under the background of economic slowdown, the price of commercial housing is still beyond the affordability as a demand for self-occupation or improvement, and as an investment demand, the wait-and-see mood in the sales market is still strong when the expected risks outweigh the benefits in the future. From January to October, the sales area of commercial housing in the city was 8.308 million square meters, down 49.6% over the same period of last year, of which the sales area of residential housing was 6.175 million square meters, down 54.2%. In October, the residential area sold was 1.124 million square meters, down 45.7% from the same month last year.


  Policy-oriented housing sales have become the main factors driving market sales, with price-limited housing and affordable housing accounting for about two-thirds of the total number of residential sales in that month.From January to October, the city sold 56,115 sets of commercial housing, of which 13,042 sets were sold in October, which is the month with the largest number of sales since this year. From the perspective of selling houses, it is mainly that a large number of contracts were signed between price-limited houses and affordable houses in October, which boosted the sales volume of houses. The data shows that in October, 8766 sets of price-limited houses and affordable housing were sold, accounting for about two-thirds of the sales in that month. After deducting the above factors, the actual sales of pure commodity houses are still hovering at a low level.


  Four, the real estate sales price has loosened, and the funds in place of enterprises have declined overall.


  The year-on-year growth rate dropped, and the chain price continued to fall.In October, the year-on-year increase in housing sales prices in our city continued to fall, rising by 5.2%, which was 1.7 percentage points lower than that of the previous month; After the decline last month, the chain price continued to decline this month, falling by 0.2%, which was the same as last month. Among them, the price of new residential buildings continued to fall, down 0.1% from the previous month, and the decline slowed down. The sales price of second-hand houses decreased for three consecutive months, and decreased by 0.4 percentage points in October.


  The funds put in place by real estate development enterprises this year have declined in an all-round way.From January to October, the source of funds for real estate development enterprises in our city this year was 237.55 billion yuan, down 23.2% from the same period of last year, and the decline was 8.9 percentage points higher than that in the previous three quarters. Among them, financial loans were 70.93 billion yuan, down 17.9%; Self-owned funds were 35.11 billion yuan, down 6.7%; Deposits and advance receipts were 70.48 billion yuan, down 36.1%.

Editor: Li Dan

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Big callback! China stock market is two worlds apart.

Huijing Ye Tan finance

Text/Huijing

Wang Wu threw a philosophical question in the exchange group of the real competition yesterday. Why didn’t the cars collide when we were driving on the road?

People in the group were asked, and they were crazy about asking questions.

Wang Wu continued, because when we are driving on the road, we will stop when we see a red light, turn when we see a curve, and avoid when we see an oncoming car.

People in the group are even more confused. Art Wang Wu, what do you mean?

Wang Wu replied in the group,Why don’t we sometimes "stop", "turn" and "avoid" when doing business? Why is it so hard to do it?

On April 21st, Black Friday was staged in China stock market, and there was a 100-share limit.

Judging from the trend, the Shanghai Composite Index weakened from the opening price of 3,364 points, and unilaterally fell to the closing price of 3,301.26 points throughout the day, with a decline rate of 1.95%, close to 2%.

From the graphic point of view, a big yinxian line of the Shanghai Composite Index reversed the Zhongyang line on April 17, showing a sharp decline.

In this regard, some people may think that the stock market is about to start a wave.Adjustment of midline levelMaybe some people will think that this is a once-in-a-lifetime event.Call back and get on the busOpportunity.

Some people are bearish on the market outlook, and some people are bullish, so there will be differences and there will be transactions.

Personally, I don’t shy away from my own point of view, bearish on the growth track and look at the multi-value track.

March 28EvacuationIn this paper, it has been considered that the concept of ChatGPT with an increase of over 100% presents a largefoamAnd made countermeasures.

At the same time, I also think that the future market of the stock market is mainly in the value track.February 23 rdState-owned enterprises outperformed the national GDP growth rate.April 18thOnce again, the importance of the value track was expounded.

Figure: Net buying status of foreign capital Source: Straight flush

Why does the market have different views of bullish, bearish and volatile?

Because there are a thousand readers, there are a thousand Hamlets.

Everyone’s different growth environment and social experience will inevitably bringDifferent world views, mapped to the stock market, will produce different trading views.

Views are very important, but more important than trading views is to stick to your own ability circle.

Repeat the three stages of ChatGPT market to explain the logic of sticking to one’s ability circle in the structural market in the stock market.

The hazy stage of the market,Some people are optimistic, buying and holding artificial intelligence to make profits. At the same time, some people are not optimistic, and they also make profits by doing other things that they are optimistic about, such asChina Software, Taiji SharesDomestic software sector, etc.

The development stage of the market,Some people began to be optimistic, chasing high and holding artificial intelligence for the first time, and then quickly taking profits and making profits.

The fishtail stage of the market,People who were initially optimistic began to bearish and take profit positions.Profits are safe.

Fish tail market,There are also many funds for flips, such as the funds for buying domestic software in the early days. They are not eager to catch up with the market, but they have made a counter-pumping market after the plunge, that is, Longhuitou Scenic Spot, for example360, Inspur InformationSuch as artificial intelligence plate.

Obviously, everyone has different judgments and opinions on the ChatGPT market, but they all earned profits in their own ability circle in the ups and downs of the market.

That is to say, everyone chooses a different way to go to Rome, but as long as they stick to it and don’t go upside down repeatedly, all roads will eventually lead to Rome.

This truth can also be used to answer Wang Wu’s philosophical questions above.

Trading is analogous to driving. When we are driving on the road, if we are in a hurry to do something, we may run a red light, such as going to the hospital, rushing to work, rushing to the airport and so on.

If you suddenly enter a strange place, you may not turn, such as entering the forest, desert, foggy weather, etc.

If you are not in the state when driving, you may not avoid coming cars, such as fatigue driving, drunk driving, sending text messages, etc.

In fact, these "what if scenarios" are things outside our ability circle, and most of the time we don’t have accidents when driving, because we are doing things within our ability circle.

Further divergently speaking, some people’s ability circle is riding a bicycle, some people are driving a car, and some people are flying a plane. They should guard their own ability circle so that traffic accidents will not occur.

Therefore, the viewpoint of ups and downs in China stock market is of course important, but what is more important than the viewpoint is not to be greedy or envious, to foster strengths and avoid weaknesses, to stick to one’s own ability circle, and to earn profits that one can earn.

China’s stock market is a barometer of the economy, and its ups and downs also imply the two worlds of economic inflation and deflation.

On April 21st, the China stock market made a big correction, among which the leading sectors were mainly Chatgpt industrial chain, including big data models and semiconductor chips, which led the gains in the previous period and attracted more funds.

On the other side,The national defense military industry has shown obvious resistance to falling, even rising against the trend.At the same time, the performance of China’s characteristic valuation sector (China Special Valuation) is better than the market average.

In other words, on Black Friday, on the one hand, the value track resisted or even rose against the trend, and on the other hand, the growth track led the decline or even fell to a large limit.

It is worth noting that not only the China stock market has experienced the ups and downs, but also the structural market.

Real estate market,There is a long-lost Xiaoyangchun market in the core areas of first-and second-tier cities, while the third-and fourth-tier cities are still sluggish.

Commodity market,The market of black plate of screw thread and iron ore continued to fall, while the market of energy and chemical industry and live pigs obviously resisted falling or even rose.

In addition, the prices of automobiles, household appliances, photovoltaics and other fields are falling, reflecting the deflationary pressure of the economy; However, the prices of services such as catering, haircuts and oil fees are rising, reflecting the inflationary pressure of the economy.

The deflationary pressure of large-scale enterprises and the inflationary pressure of small and micro enterprises are also reflected in the first quarter of 2023.GDP growth rateGo.

China’s GDP growth rate in the first quarter was 4.5%The growth rate of the secondary industry dominated by large-scale enterprises is 3.3%, which is lower than the average growth rate of GDP; The growth rate of the tertiary industry dominated by small and micro enterprises is 5.4%, which is higher than the average growth rate of GDP (see the figure below).

The whole economic market is half flame and half seawater.

All of the above fully shows that the economic probability of China, including the stock market, has entered a differentiated market.So, the stock marketUnder the general trend that the whole economy is divided, the differentiation will gradually become the norm.

That is to say, the risk of China investors chasing up and down will be further amplified, on the contrary, the cost performance of China investors buying at low prices will be further strengthened.

Figure: GDP growth rate of service industry and industry Source: wind

Finally, I personally think that we can have divided views on the trends of stocks, even real estate, gold and bonds.

However, we all have to implement our own views and realize the realization within our own ability circle.

For example, we all know that Wenzhou real estate speculators are very profitable, but is that our ability circle? For example, we all know that the stock market is very profitable, but is that our ability circle?

For another example,

Just because others can watch more and do more doesn’t mean we can watch more and do more. We can watch more and stay put, and then do more when we trigger our own ability circle signal.

Everyone’s ability circle is different, and these signals are naturally different. It can be that the golden fork is long, the Brin channel breaks up and goes long, and after breaking through the 60-year moving average, it will step back and go long, and continuously pull back to the golden section to buy long.

These signals can also be that the first quarter report is in line with expectations, the price falls to the lower end of the enterprise valuation, and the marginal variables in the enterprise performance are long.

Personally, I feel that the adjustment of China’s economy, including the stock market, real estate, gold, bonds, etc., will also have constant structural differentiation, and the track style will rotate.

We should cherish more what we are good at, persist in fostering strengths and avoiding weaknesses, and stick to our own ability circle. Don’t go astray, let alone join in the fun outside your own ability circle.

What do you think?

(Disclaimer: This article is an objective analysis of the public information of Ye Tan Finance and Economics, and does not constitute investment advice. Please do not use it as the basis for investment.)
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Bank of China: The inflow of US$ 11.9 billion in the past week was the largest since July 2015.

[Bank of China: The inflow of US$ 11.9 billion in the past week was the largest since July 2015] Cailian News Agency, January 26th, Bank of America quoted EPFR data as saying that the inflow of emerging market equity funds reached a record US$ 12.1 billion in the week ending January 24th. China stock fund attracted $11.9 billion in capital inflows last week, the largest since July 2015 and the second largest in history. Global equity funds attract $17.6 billion in capital inflows; The inflow of American equity funds is $5.3 billion; European equity funds, for the fourth week in a row, had a capital outflow of $1.9 billion.

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The Ministry of Housing and Urban-Rural Development fully gives urban real estate control autonomy, and cities can adjust their real estate policies according to local conditions.

January 26, 2006: The Ministry of Housing and Urban-Rural Development held a deployment meeting of urban real estate financing coordination mechanism this morning. The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions.

It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

Yesterday, Xiao Yuanqi, deputy director of the State Financial Supervision and Administration Bureau, attended the press conference of the State Council Office and said that the real estate industry has a long chain and a wide range, which has an important impact on the national economy and is closely related to the lives of the broad masses of people. The financial industry is duty-bound and must be strongly supported.

Xiao Yuanqi said that accelerating the implementation of the coordination mechanism of urban real estate financing is effective, requiring banks to act as soon as possible. Under the lead coordination of the urban people’s government, together with the housing and construction departments, the policy toolbox will be used well because of the city’s policy, and the reasonable financing needs of real estate projects will be more accurately supported.

Support local city governments and housing construction departments, further optimize individual housing loan policies such as down payment ratio and loan interest rate due to city policies, and guide and urge banks to better serve the financing needs of the broad masses of people’s rigid and improved housing. Guide and require banks and other financial institutions to vigorously support the construction of "three major projects" such as "emergency and emergency" major infrastructure and urban village reconstruction, and demand that the physical workload be formed as soon as possible.

Previously, the Ministry of Housing and Urban-Rural Development and the General Administration of Financial Supervision jointly issued the Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing, requiring cities at or above the local level to establish a coordination mechanism for real estate financing, build a communication platform between government, banks and enterprises, and promote the accurate docking of housing enterprises and financial institutions.

Guojin Securities pointed out that the real estate sector is at the double bottom of performance and valuation, and the policy catalyzes or welcomes layout opportunities. The improvement of operating property loan policy can improve the cash flow of housing enterprises to a certain extent, and the key to the stable and healthy development of the industry lies in the stabilization of sales, which still needs the continuous support of loose policies.

Ping An Securities believes that this time, financial institutions and the General Administration of Financial Supervision jointly issued a notice on doing a good job in the management of operating property loans, refining the requirements for the management of commercial banks’ operating property loans, such as caliber, duration, quota and use, and further broadening the financing channels of real estate enterprises.

Meet the reasonable financing needs of real estate enterprises with different ownership equally

Ni Hong, Party Secretary and Minister of the Ministry of Housing and Urban-Rural Development of the People’s Rerublic of China attended the meeting and stressed that accelerating the implementation of the coordination mechanism of urban real estate financing is effective, supporting the development and construction of real estate projects, meeting the reasonable financing needs of real estate enterprises with different ownership equally, and promoting the stable and healthy development of the real estate market.

All localities should pay close attention to research and put forward a list of real estate projects that can be given financing support to accurately and effectively support reasonable financing needs.

The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be ensured to be operated in a closed way and used in compliance, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation and strengthen supervision and guidance. At the national level, an information platform for urban real estate financing coordination mechanism projects will be established, and weekly scheduling and monthly notification will be implemented.

The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions. It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

The list of the first batch of real estate financing coordination mechanism projects will land before the end of the month.

The meeting proposed that an information platform for urban real estate financing coordination mechanism projects will be established at the national level, and weekly scheduling and monthly notification will be implemented. The Ministry of Housing and Urban-Rural Development has made great efforts to implement the mechanism. It is understood that before the end of this month, the first batch of projects can win loans after landing.

This article comes from: financial circles

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"Olive" is the first person to go forward: the first Beijing Waist Flag Rugby Open kicks off

China Daily, May 20th. On May 20th, the early summer in Beijing was full of vitality, tacit passing and decisive flag-pulling. The athletes sweated and enjoyed the infinite charm of flag football. Sponsored by Beijing Social Sports Management Center and Beijing Daxing District Sports Bureau, and hosted by Beijing Rugby Sports Association, Beijing Beiolive Sports Development Co., Ltd. and Beijing Luyin Heritage Sports Development Co., Ltd., the first Beijing Waist Flag Rugby Open will be held in Jujia Stadium in Daxing District. This open will take two weekends to compete for four days on May 20th and 21st, and May 27th and 28th respectively.
The event of this open competition is five-player flag rugby, which consists of three groups: men’s group, women’s group and mixed group. Nearly 500 athletes from 34 teams participated in the competition. The competition will adopt the competition system of combining group stage and cross elimination stage, and the participating teams will play 69 games in total until the corresponding ranking is produced. The first Beijing Waist Flag Rugby Competition aims to create a high-level model of Waist Flag Rugby Competition with high-standard competition guarantee, high-standard competition venue and high-level referee team, and promote the benign development of the project with brand competition activities.
There is also a carnival activity area at the Open, where the majority of national fitness enthusiasts can participate in all kinds of rugby fun experience activities, deepen their understanding and cultivate their interest in the experience, and take a seat in the viewing area during the intermission of the experience to feel the intense atmosphere and distinctive rugby charm at the competition site. Everyone cheers for the athletes and jointly ignites the competitive storm of Beijing Waist Rugby.
Waist flag rugby is a new trend sport, which comes from the training subject of American football with all equipment. It is mainly used for tactical drills and basic route exercises. The defensive way of flag-pulling is used to replace dangerous defensive actions such as catching and pushing, so as to reduce the risk of injury in training. Because of the safety of zero physical contact, less requirements for the venue, relatively easy to get started, and friendly experience for beginners, in recent years, the phenomenon of "online celebrity Exercise" has become the daily fitness program choice for young people. Nowadays, more and more people are discussing its technical and tactical improvement and project development. Holding the first flag rugby open is to build a communication platform for the majority of flag rugby fans, add flag rugby to the sequence of national fitness projects, continuously enrich the supply of national fitness events and meet the growing needs of citizens for a better life.
On May 3rd, 2023, at the annual general meeting of the International World Games Association (IWGA) held in Madrid, Spain, IWGA Sports director Sebastian Gavins announced that flag rugby would become the official event of the 12th World Games in 2025, which was a milestone for the development of flag rugby. At the same time, it also shows that the first Beijing Waist Flag Rugby Open will be held at the right time, which will add new momentum to the development of China Waist Flag Rugby.
Source: China Daily.
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What are the styles of the luxury houses of the stars? It turns out that it is not only a trench but also very particular.

  Original title: Star Mansion Award

  Author: yang

  Like the rich, stars buy luxury houses not only for ostentation and extravagance, but also for preserving the value of assets. However, when stars who create roles in the play buy luxury houses outside the play, their roles and past will be dramatically projected on the selected luxury houses.

  "Ruyi" and her quadrangle

  From the famous work Suzhou Creek, in the next 20 years, Zhou Xun was a princess staring blankly at the mask of Kunlun slaves outside Daming Palace, a Lin Huiyin who was boating on Cambridge, a Xiaowei who was looking for love in the painted skin, a Li Mi who kept asking questions on the overpass, and a Jiu-Er who was wearing a red Chinese-style chest covering in a green gauze tent. Eventually, she became the queen of Yi Kun Palace and turned the Forbidden City into a besieged city.

  On the screen, she plays the role of chasing love. By the way, she became the first "Grand Slam" winner of the Golden Statue, Golden Horse, Golden Rooster and Hundred Flowers in the Chinese film industry. Probably, she was too deeply involved in the play. In reality, Zhou Xun has always been a "baby in love". From the age of 19, she came to Beijing to develop. This city allowed her to meet her successive boyfriends until she married Gao Shengyuan. She also left her own mark in this city-she bought more. The three-bedroom and two-bedroom apartment bought in MOMA, Wanguocheng, Dongzhimen, although the unit price of this apartment has exceeded 100,000 yuan per square meter, it is still a bit crude for Zhou Xun, where the annual income has remained above 60 million.

Beijing Wanguocheng/Image Source Network  

  When you are in love in Beijing, you should also have the "most Beijing" residence, and the representative of Beijing residence is the Forbidden City and the quadrangle. There are more than 70 palaces and 9,000 houses in the Forbidden City, which are arranged in a square area in an orderly way, and Zhou Xun’s "Ru Yi" lives in it. The quadrangle with a history of more than 3,000 years up to now is as tight and closed as a besieged city, and it pays attention to entering several courtyards. Although the area and level of the Forbidden City and the quadrangle are far from each other, they are in common in essence and pay attention to symmetry. Some people say that the Forbidden City is the largest quadrangle in Beijing.

  In the play, Ruyi lived in the Yi Kun Palace, and outside the play, Zhou Xun lived in the quadrangle. According to media reports, in 2013, Zhou Xun bought a single-family courtyard house in Nanluoguxiang, not far from the North Gate of the Forbidden City. Covering an area of nearly 600 square meters, it has 13 rooms. The interior of the quadrangle is antique, and the alley in front of the courtyard can accommodate a large RV, with a separate garage on the side. Although there are no high-rise buildings around the Second Ring Road in Beijing to spy on, the quadrangle wall in Zhou Xun is still nearly 4 meters high, which is much higher than that of other residents. The walls around the courtyard are even with neighbors, and the higher part is blocked by glass or iron net, which not only ensures the unity of height, but also ensures the lighting of neighbors. This quadrangle is Zhou Xun’s own "Little Forbidden City".

  It cost nearly 90 million yuan to start this quadrangle, and now it has risen to 200 thousand yuan per square meter, with a total price of 120 million yuan.

  The old villa in the "small age"

  If quadrangles are the most Beijing-style buildings, the representative of Shanghai-style buildings is the old villa in the garden.

  Shanghai has a variety of struggle history, just like this city has a variety of houses. In 2001, Jing M.Guo came to Shanghai from Zigong, a small town, to participate in the New Concept Composition Competition. When he came out of the People’s Square subway station, he saw the whole of Shanghai off guard. He wrote in his book: I want to be here.

  When studying at Shanghai University, Jing M.Guo was careful to eat a bowl of steamed eggs in the canteen and drink a cup of bubble tea. "I can’t drink it every day. If I drink it every day, I won’t have money to buy shoes. Because I only brought two pairs of shoes to Shanghai, and they are all summer shoes. In winter, my feet are cold and painful. " As a film and television art engineering major, he needed to buy a laptop and a DV for making short films, which became the first hurdle he encountered. Jing M.Guo’s mother was a local bank clerk and his father worked in a state-owned chemical plant. Such family conditions were comfortable in a small town, but the expenses in Shanghai taught him a lesson.

  He began to write crazily, trying to change his destiny with the keyboard, and he became a veritable "keyboard man". Since 2007, he has ranked first in the rich list of Chinese writers for three consecutive years, and he finally let himself live a life in Tiny Times.

  In 2011, Jing M.Guo once again ranked first in the rich list of Chinese writers with a copyright income of 24.5 million yuan. Just one day in the early spring of this year, Jing M.Guo drove past an old villa in Wuning Road, Jing ‘an District, Shanghai. This old villa was an old house of Wang Jingwei, which consisted of three townhouses. After ten years, under a plane tree, he seemed to find the shock of the moment when he walked out of the subway station. He immediately asked his assistant to inquire about the condition of the house. After contacting the seller, he bought the old villa with the full amount of 50 million yuan. Jing M.Guo had several luxury houses in Shanghai, all of which were bought in the name of his company, but this villa was bought by him in his private name.

Source: Sina Entertainment  

  As soon as the house was transferred, Jing M.Guo applied to Jing ‘an Bureau of Soil and Resources for the overhaul and reconstruction of the villa. After renovation, the first villa became a private library and audio-visual room in Jing M.Guo, filled with books and movies collected from all over the world in Jing M.Guo. A small carefully carved garden connects the second villa.

Source: Sina Entertainment  

  The first floor is the reception room, the second floor is Jing M.Guo’s office, and the third floor is his bedroom and cloakroom, which has become the most exposed area of this villa. The third villa is the office of Jing M.Guo’s most cosmopolitan culture. Today, the valuation of this villa has exceeded 200 million, and it has become one of the most important labels in Jing M.Guo.

  As written in Jing M.Guo’s novels, his villa was full of luxury goods. The moment he was interviewed in his own villa, the inferiority that the city had brought him was gone forever.

  Villa next to Humble Administrator’s Garden

  Some people cure inferiority through conquest, while others cure inferiority through regression.

  In 1980, 15-year-old Carina Lau left the alley near Suzhou Art Garden with his parents and went to live in Hong Kong. When she first arrived in Hong Kong, she felt like a clown from a circus.

  Carina Lau chose her own way to fight against her instinctive inferiority. At the age of 17, she took the Hong Kong wireless training class entrance examination with her accumulated artistic skills in Suzhou Cultural Palace. Although she failed to pass the exam because Cantonese was not up to standard two years ago, Carina Lau’s stubbornness and persistence moved Fanggang Liu, the president of the wireless training class, and made an exception to let her enter the wireless artist training class. Since then, she has entered the entertainment industry.

  Without the beauty of Michele Monique Reis and Rosamund Kwan, the amorous feelings of Chingmy Yau and Joey Wong, and the excellent acting skills of Maggie Cheung, Carina Lau perfectly explained that persistence is more important than hard work. After six nominations, she finally became the winner, not just the wife of the man who won the most Best Actor.

  Since becoming famous, Carina Lau has tried to invest, and her first choice is to buy a house. Thanks to her Bole Fanggang Liu, "He taught me to save money when I earn money, never speculate, and never buy stocks, just buy a house. In short, save money to pay the first payment, and then force yourself to pay slowly. " Fanggang Liu believes that an actor’s only investment is home ownership, and other businesses can’t compete with others. His views have influenced Carina Lau.

  Carina Lau, once known as the "North Sister" in Hong Kong’s entertainment circle, is also different from other Hong Kong actresses in choosing luxury houses. Her house in Shanghai has unique decoration taste.

  More importantly, she set her eyes on her hometown. Suzhou girl who walked out of Suzhou Garden Art Garden finally chose to return to Suzhou Garden.

Zhuozheng villa 

  In 2007, Carina Lau chose Zhuozheng Villa next to Suzhou Humble Administrator’s Garden, which is said to be the only property in China that needs the approval of the national, provincial and municipal cultural relics bureaus. There are three world cultural heritages within 500 meters of the villa: Humble Administrator’s Garden, Lion Forest and Beijing-Hangzhou Grand Canal. There are only 28 villas with an area of 600-4000 square meters. The overall planning refers to the Humble Administrator’s Garden next door, overlooking it from the air, and merging with the Humble Administrator’s Garden next to it. Each villa has its own private garden. The highest price is 500 million yuan. It is said that the villa in Carina Lau is named "Ling Chia Garden".

  Big brother’s Huizhou residents

  Carina Lau is not the only one who likes the characteristic folk houses in his hometown. Jackie Chan, who stood side by side with Carina Lau to protest against the bad media after the East Weekly incident in 2002, also likes his hometown architecture. The movie A Tale of Three Cities tells the love story of Charles and Lee-Lee Chan, an Anhui policeman, and Chen Yuerong, a legendary woman, who spans three cities. The prototype of the hero is Jackie Chan’s parents.

  Twenty-six years ago, in order to let his parents enjoy their old age in the environment of Anhui hometown, Jackie Chan began to gradually start Huizhou architecture. His collection of ten Huizhou wooden buildings, including halls, stages and pavilions, is the essence of China architectural art. Among the 10 ancient buildings, 7 are ancient houses and ancient stage in Ming and Qing Dynasties, with a history of about 200 to 400 years. Most of them are made of rare tree species such as rosewood, which has high artistic value and is worth hundreds of millions.

In 2018, Jackie Chan appeared in Anhui Province to inspect Huizhou ancient dwellings, and conducted on-the-spot investigation before the acquisition, and the ancient buildings were exposed internally.  

  If most of the star’s mansion is "dead", then Jackie Chan’s mansion is "alive". The Huizhou architecture in Jackie Chan’s collection was originally a brick-wood structure. The wooden structure on it was transported from Anhui to Hong Kong by the method of assembly and disassembly. The brick part is relatively heavy and can be discarded. After the land is selected, the local bricks can be used to build walls, and this Huizhou architecture will come back to life in other places.

  It’s a pity that the son wanted to raise and didn’t stay with his relatives. His parents died one after another within ten years, so Jackie Chan hoped to donate these houses that were idle in the warehouse to feed termites. In 2003, he wanted to donate these old houses to the Hong Kong government for exhibition purposes, but there was no result because of the land allocation problem. In 2010, he wanted to donate his old house back to the Anhui government, but he didn’t get a clear reply. In desperation, Jackie Chan donated four of the buildings to Singapore University of Science and Technology Design, which responded quickly. Once the news was announced, it caused an uproar.

  Bai Yansong asked him, "Why donate it to Singapore? There are plenty of places on the mainland, Huangshan and Zhejiang, don’t they all wave to you? " Jackie Chan explained: "Now wave to me, not before, I tried before, but I didn’t implement it."

  Jackie Chan’s public appeal aroused the whole society’s attention to ancient buildings. In the end, these four ancient Huizhou buildings returned to Anhui and took root in the place where their parents once lived. Jackie Chan also kept his lines in "Zodiac": "No one can take people’s cultural relics from other countries and put them in their own museums!

  Kung fu emperor’s Shanghai mansion

  When he entered Shichahai Sports School at the age of 8, Jet Li began his career as a martial arts athlete and his journey as a winner in life. Shaolin Temple, the first film starring in 1982, set a box office record of 161 million yuan with an average ticket price of 10 cents. When he came to Hong Kong for development, he earned HK$ 15 million for his works such as Huang Feihong and Fang Shiyu. After he entered the United States in 1998, he started with a salary of US$ 500,000, and once became the first Chinese movie star in Hollywood with a salary of US$ 15 million.

  Rich people and celebrities in Hong Kong prefer to buy land and build buildings in Repulse Bay, Deep Water Bay, Peak and Mid-levels. In mainland China, it is usually impossible to simply copy this model because of policies and other reasons. The luxury houses of mainland stars are mostly finished commercial houses in essence.

  In 1994, Shanghai Pudong was just developed, and the whole Pudong was in full swing. The focus of development was still around Lujiazui. Jet Li, who had been immersed in Hong Kong for many years, talked and laughed with various real estate tycoons. It was like opening a God’s perspective. He got a rectangular plot with an area of more than 400 mu through legal lease in Huamu Road, Pudong, which was still a vegetable field at that time.

Tomson Golf Course  

  Afterwards, it was proved that this investment was quite wise. Soon, Tomson Golf Villa Phase I and Tomson Golf Course began to be built opposite to Jet Li’s "own vegetable field", and the value of Jet Li plot rose. Around 1997, Jet Li sold nine-tenths of the whole plot to Li Ka-shing, the richest man in Hong Kong who was eager to embrace the mainland at that time. Li Ka-shing’s "Hehuang" real estate developed the Shanghai top villa "Four Seasons Yayuan" on the nine-tenths plot. Jet Li chose to keep one-tenth of the land in the southeast corner with the best location. This plot later became Jet Li’s "home" in Shanghai.

  In 2003, Jet Li sold his luxury house in Los Angeles for $5 million, ready to settle in his wife Nina Li Chi’s hometown of Shanghai. He moved his luxury house in the United States to Shanghai as it was, and in fact, the scale of the final construction even exceeded that of American houses.

  At the northwest corner of the intersection of Huamu Road and luoshan road in Pudong, there are three white villas with a building area of more than 5,000 square meters, including a three-and-a-half-story villa and two two-story villas. The basement is divided into two floors, the first floor is a parking lot for 10 cars, and the second floor is equipped with a cinema, badminton court, fitness room, chess room and sauna. The "Buddhist Temple" in Jet Li is set in a separate building.

  Jet Li’s mansion is dominated by European classical court style, with all the walls made of pure white and light black frosted marble, and the courtyard has both European-style fountains and pavilions and Chinese-style gardens.

  No matter from the construction process and geographical location, this house with a market value of more than 1 billion can be regarded as the first mansion in China, but it’s a pity that Jet Li, who is bent on Buddhism, doesn’t like mansions and loves Buddhist temples, and the first mansion has become a dormitory for security guards and nannies.

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Happy New Year’s Eve in Guangdong, Sharing New Year’s Eve Reunion Dinner: Foshan Trade Union expressed condolences to the migrant workers of Sanshui Xingxing Refrigeration Company who stayed in the fa

Text, map/Yangcheng Evening News All-media reporter Liang Zhengjie correspondent Wu Chengping
"I am from Guizhou in southeastern Guizhou. I have been in the company for more than 10 years. This year, I stayed in the factory for the first time for the New Year. I have never tasted Guangdong’s Tuannian potted vegetables, and today I finally got my wish. " Long Bangquan, deputy director of the workshop of Guangdong Star Refrigeration Equipment Co., Ltd. (hereinafter referred to as "Star Refrigeration"), said happily. On January 31st, New Year’s Eve, the condolence group of Foshan Federation of Trade Unions went to Guangdong Xingxing Refrigeration Equipment Co., Ltd. to carry out the warm-hearted condolence action of "Warm Workers, Happy New Year in Guangdong", and sent holiday greetings and blessings to the employees who stayed in the factory for the New Year, especially the migrant workers in southeastern Guizhou.
The leaders of the Federation of Trade Unions send new year gifts to employees.
On the same day, the organizers held fun garden parties, the experience of "Cantonese Cuisine Master", the experience of making Foshan lion’s head and auspicious ornaments for the New Year, and the calligrapher’s gift of waving spring, which added the flavor of the New Year to more than 400 employees who stayed at Star Refrigeration for the New Year. "Cantonese people can’t have a feast without chicken in the New Year, and this ginger and onion chicken must be available for the reunion dinner!" Huang Chihua, the director of the master studio of Guangdong cuisine at the provincial level from Foshan Trade Union Vocational School, and a China cooking master, taught the staff how to make the old-fashioned ginger-onion chicken in the staff canteen of Star Refrigeration Company, so that the staff could feel the taste of Cantonese cuisine from knife skills, ingredients, cooking methods to dish setting.
Calligraphers send spring activities organized by enterprises.
"Happy New Year! I wish you all a good year in Foshan! " Jiang Qing, executive vice chairman of Foshan Federation of Trade Unions, presented the New Year’s group dishes and holiday packages to the staff representatives, and extended greetings and blessings to the staff present. Hong Xiao, deputy director of the Sanshui District People’s Congress Standing Committee and chairman of the District Federation of Trade Unions, also sent a condolence package to the workers’ representatives. On behalf of the company, Wen Yang, general manager of Star Refrigeration, thanked the trade unions at all levels for their concern and sympathy. Afterwards, the people present sat around to taste the Foshan special group dish, share the group dinner and taste the Foshan flavor in the dish.
Leaders of the Federation of Trade Unions share the reunion dinner with migrant workers.
According to reports, this year, the factory has adopted various measures to encourage employees to stay in the factory for the New Year, including more than 20 migrant workers in southeastern Guizhou. In addition to providing corporate New Year gift packages for employees staying in the factory, the factory canteen provides free New Year’s Eve dinner during the Spring Festival, and at the same time, it also organizes all kinds of colorful cultural activities to make everyone have a happy, peaceful and warm Spring Festival. By the seventh day of the Lunar New Year, every front-line employee who returns to work on time will receive a 500 yuan award. In recent years, the post-holiday return rate of employees in Star Refrigeration Company has exceeded 95%.
This condolence activity made the employees of Star Refrigeration Company who stayed in the factory for the New Year feel the warmth of "home", let them truly feel the care of Foshan Party and government and the warmth of trade unions, spend a happy, peaceful, safe and healthy Spring Festival, and also personally experience the local flavor of Foshan.
The Federation of Trade Unions sends holiday greetings and blessings.
During the Spring Festival this year, Foshan City Federation of Trade Unions launched the "Warm Workers, Help Enterprises, Secure Posts" combination boxing, launched the "Warm Workers, Happy New Year in Guangdong" Spring Festival campaign in 2022, launched ten warm measures, and distributed 10 million yuan of WeChat payment red envelopes, over 100,000 tickets for Foshan attractions and over 10,000 movie tickets to trade union members in the city. The employees who have obtained them will be used in the city during the Spring Festival. According to statistics, this year, trade unions at all levels in the city presented 22,700 Chinese New Year potted vegetables, 22,600 New Year condolence packages, 164,000 scenic spots tickets and movie tickets to workers from all walks of life who stuck to their posts during the Spring Festival, especially front-line epidemic prevention workers, new employment workers, key project builders and migrant workers in enterprises.
Source | Yangcheng Evening News Yangcheng School
Editor | Huang Lei
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