Geely Galaxy completed its first 225 stores and plans to open 700 by the end of the year

　　After going public, Geely Galaxy’s exclusive new retail system was unveiled.

　　On June 5, Geely Galaxy announced the official opening of its first batch of 225 stores. It is reported that Geely Galaxy adopts a new channel ecosystem of compound franchise authorization, and the first batch of stores are mainly set up in cities with a capacity of Top150 in China’s new energy market. In terms of agency distribution system, Geely Galaxy and partners have jointly built user centers (4S stores), experience centers (city exhibition halls), display spaces (supermarket stores), and fully empowered dealers in talent management, service standards, and digital operations to create a more transparent car purchase environment and a more efficient and convenient car purchase experience for users.

　　At the same time, Geely Galaxy will set up a number of brand centers in first- and second-tier cities. These brand centers located in the city CBD will provide users with a comprehensive understanding of Geely Galaxy and provide a display platform. They are also a demonstration center for Geely Galaxy’s user experience and service standards, a talent training center, and a multi-activity center for users. Play a role as a model and a benchmark, and continue to empower other channel networks at all levels.

　　According to the plan, Geely Galaxy will continue to expand its channels, and it is expected to achieve a channel scale of 650-700 exclusive stores nationwide this year.

　　At present, the first model of Geely Galaxy series – Geely Galaxy L7 has been fully launched in major exclusive stores across the country, achieving "delivery on the market". In addition to the Galaxy L7, this year Geely Galaxy series will also launch new models including intelligent electric hybrid cars and pure electric models.

　　Geely Galaxy to accelerate the launch of new models and channel construction expansion or its sales target. At the beginning of the year, Geely Automobile Group put forward the goal of doubling the overall sales of new energy in 2023. Data show that the sales of new energy products of Geely Automobile Group in 2022 are about 320,000, which means that the overall sales of new energy of the group this year will exceed 600,000.

　　As a product sequence in the Geely brand, Galaxy also bears part of the sales target. Bach, general manager of Geely Galaxy’s business unit, said in an interview during this year’s Shanghai Auto Show that at least one-third of the more than 300,000 new vehicles to be added by the group this year will be borne by Galaxy products.

　　(This article comes from Gaishi Automobile Network)

　

Rich girls also break into the entertainment circle

It’s too early to be famous!

　　3 Huang Zhiqing

　　"Princess" selected by Stickmen "Prince"

　　Identity: Huang Rihua Daughter Age: 19 years old

　　Star potential: ★★★★☆.

　　Taiwan Province’s super-popular idol group Stickmen held a concert in Hongkong earlier, which attracted thousands of girls to join in, while Stickmen member "Prince" held a beautiful female fan’s hand for a week and hugged deeply during her solo show. This lucky "princess" who was favored by "Prince" was Felix Wong Yat Wa and his wife Liang Jiehua’s baby daughter Huang Zhiqing.

　　Felix Wong Yat Wa always dotes on her daughter and takes her everywhere in idolize. TWINS took her daughter to chase TWINS when she first debuted, and chased S.H.E when she grew up. Now that her daughter is 19 years old and slim, the 24-year-old father still drove her to Stickmen. "I sent my daughter to the concert that day. When I entered the venue, someone asked if I would mind letting my daughter go on stage. My daughter has been chasing Stickmen for two years and likes them very much." Felix Wong Yat Wa was generous when she talked about her daughter’s attention. When the reporter praised Huang Zhiqing’s outstanding appearance and qualified to enter the entertainment circle, Felix Wong Yat Wa did not reject it. "She should finish reading the book first. In fact, my daughter likes acting very much, but she plays a stage play instead of a TV series. I have been to see her performance and she played well. "

　　4 Miao Tong

　　Little "school flower" has no intention of choosing Hong Kong sister.

　　Identity: Michael Miu Daughter Age: 18 years old.

　　Star potential: ★★★★★

　　Michael Miu and Qi Meizhen were a couple of golden couple when they were young. Their daughters inherited their parents’ excellent genes, and they became the "beauty queen" of the school at a young age, which was very popular with male students.

　　In order to raise a pair of precious children, Michael Miu and Qi Meizhen did not hesitate to give up their acting career in their early years. Under the careful guidance of their parents, Miao Tong, now 18, and Miao Jun, now 15, are obedient, and Miao Tong, who looks very much like Qi Meizhen’s daughter, is very popular with male students. A reporter from Hong Kong followed suit and found that Miao Tong, as the "school flower", often had a male classmate with small eyes to escort him around.

　　At the registration stage of "Hong Kong Sister" this year, it was once reported that Miao Tong would run for Hong Kong Sister. When Qi Meizhen attended a public event, she said that her daughter was not interested in the entertainment circle. "I am so angry with my daughter. After reading the report, she asked me what is’ the front belly of the bus’? Later, I learned that she meant’ a lot of prospects’, and my daughter is now preparing to go to college. I was scared all day when I heard that I chose Hong Kong sister. My daughter would better go to school and not be photographed by paparazzi. "

　　Children’s group

　　1 Chen Kangdi

　　A "hipster" who became a designer before her mother

　　Identity: Eason Chan Daughter Age: 4 years old.

　　Star potential: ★★★★★

　　Chen Kangdi, who has long hair, has become a "hipster girl" under the creation of Xu Haoying, a "hipster mom" who has always studied fashion clothes. She has a beautiful appearance and knows how to draw and dance ballet. She is both a writer and a dancer, and her father is a "big brother" in Hong Kong’s music scene. Xiaokangdi is naturally favored by advertisers. It is said that the value of advertisements in Chen Kangdi is as high as HK$ 2.5 million. Eason Chan said that if his daughter is interested in advertising, he will not object, but he still thinks it is too hard to be an artist. He hopes her daughter can study hard and lead an ordinary life.

　　Chen Kangdi, who is only 4 years old, participated in the "I want to be a designer" taught by He Zhien himself earlier. Many children’s hair in the class was stained with paint, but Xiaokangdi was very calm and had a good idea of color matching. He painted the paper skirt and decorated it with small shells, which was praised by He Zhien for its creativity. At a fashion show specially designed for children, Xiaokangdi put on a skirt designed by herself to walk the catwalk.

　　2 Xie Zhenxuan

　　More suitable for entertainment than grandpa and dad.

　　Identity: Nicholas Tse son Age: 2 years old.

　　Star potential: ★★★★★★★

　　Because both parents are big stars, Xie Zhenxuan’s gestures have been widely reported since his birth, and his clothes have become a trend indicator, such as Nike sneakers and Bathing Ape hats. Nicholas Tse once blew himself up that his son was worth 10 million Hong Kong dollars, which was higher than himself: "I might scare you to death if I told him. Someone once offered him eight figures to advertise, but I didn’t want him to walk back to his parents’ road." An advertiser confirmed that Nicholas Tse’s statement was true: "There are often manufacturers who want to find Lucas to advertise through us, and there are indeed large brands that bid more than HK$ 10 million. Unfortunately, they were all rejected by Nicholas Tse. He said that he should at least wait until his son is sensible. " To this end, Cecilia Cheung and Nicholas Tse also had a big fight.

　　The advertisement was not made, but it didn’t affect Lucas’ exposure at all. His mother often took him everywhere to play, while his grandmother took him everywhere to drink tea and shop. Lu-cas had already trained very professionally, and he was never afraid to see reporters’ "long guns and short guns", but he would cry if the camera didn’t shoot him. Cecilia Cheung once said that Lucas has the talent to be a star, and he will be more popular than grandpa and dad. Grandma praised him for his musical talent, which was better than his father Nicholas Tse.

　　3 Ren Qingjia

　　Little princess who loves to walk the catwalk.

　　Identity: Yam Tat-wah Daughter Age: 4 years old.

　　Star potential: ★★★★★★★

　　Yam Tat-wah and Sophia Kao’s daughter, Ren Qingjia, are really beautiful. Some time ago, their family of three went to Guangzhou to "chase" Jay Chou, and Xiao Qingjia, sitting in the VIP seat, attracted many people’s attention.

　　Ren Qingjia is deeply loved by her parents, and she is a model of Yam Tat-wah who loves photography. Since childhood, her father recorded her growth with a camera, and she was used to showing herself in front of the camera, and even picked up the camera to take pictures herself. Yam Tat-wah was full of praise for her daughter’s "photography", saying that her composition was very special and her idea was very good.

　　With a supermodel mother as an example, Ren Qingjia, who loves beauty, began to walk the catwalk at the age of 3. One day, at the age of 3, she went to the street with her mother and grandmother. Originally, she always wanted her mother to hold her, but suddenly she asked to walk in the fields, and then she swaggered up as a model on the road to give full play to her acting talent. In fact, not only the catwalk on the road, but also many fashion shows have invited Xiao Qingjia to make a guest appearance, but all of them have been blocked by their eager parents. "It’s best not to, don’t, don’t even sing. If the daughter goes to film, there will be fewer opportunities to meet. Besides, filming is too hard, and there are day shifts and night shifts. Girls should not stay up all night. I just want my daughter to be healthy. I don’t even let them visit my own filming. It doesn’t matter if you call me autocratic. " Yam Tat-wah said this in an interview.

　　● Reporter’s viewpoint

　　Be an ordinary person.

　　■ Kaka

　　I’m glad to see that the children whose parents are stars are slim and graceful now, and I’m glad that none of them have dreams of becoming stars again. They inherited their parents’ excellent genes, so they are either hot and beautiful, or they have some extraordinary talents in music and acting, but they only regard this as a kind of interest and hobby. Instead of living in the public eye like their parents, they should be happy and ordinary people.

　　In the past, we always liked to use the word "family", including a family of performers, singers and movies. Indeed, there are many big stars in the entertainment circle now. Their parents are stars themselves, such as Nicholas Tse, Fang Zuming and Ceng Baoyi. My father’s shadow may have brought convenience to them when they made their debut, but their ultimate success depends on their own efforts. In fact, what more second-generation celebrities see is not the glamour of the entertainment circle, but the pain that their parents have been followed by paparazzi and the despair that life has no privacy. In today’s era of individuality and freedom, this may be more unbearable than having no money. As a result, the children of these stars are far away from Hong Kong to study abroad, living a rich life of ordinary people and enjoying the freedom that their parents have always hoped for. Parents who are stars also agree with their children’s choice, because they have suffered too much in the entertainment circle and shed too many tears that others can’t see.

　　In this era of fast food, entertainment stars are definitely fast-moving consumer goods. What we want to see are some new faces and voices that can cheer us up. As for who she and her parents are, we don’t care.

Editor: Liu Haifeng

　　According to media reports, Cheng Siwei revealed that the real estate industry has been included in the top ten industrial revitalization plans in the State Council. In this regard, the reporter of Economic Half-hour interviewed Cheng Siwei exclusively this morning. He told reporters that when he gave a class to students, he said that he had expounded his concern about the real estate revitalization plan based on relevant reports, but the media completely ignored this premise and misled his meaning when quoting him.

　　Cheng Siwei: The selection of real estate for revitalization planning is misleading.

　　(Reporter: Yan Wenyu, Gu Ping, Xiong Manlin, Jia Yujia Camera: Shen Yan, Xu Sheng, Zhang Xiaoming)

　　Yesterday, the headlines of many websites were all the same news. It was reported that the real estate industry had occupied the last place in the State Council’s top ten industrial restructuring and revitalization plans. As soon as the news came out, various media and websites reprinted it one after another. The real estate sector in the stock market was also on the move, and a large amount of funds flowed into real estate stocks. At the same time, controversy and opposition were endless.

　　Let’s take a look at our follow-up report on this matter.

　　Yesterday, on several well-known domestic portals, the news that "real estate has entered the top ten industrial revitalization plans" suddenly made headlines. At the same time, when searching for two keywords "real estate" and "revitalization plans" through search engines, almost all major websites reported or reprinted it, attracting countless eyeballs.

　　On January 2nd this year, Premier Wen Jiabao of the State Council said that the State Council was studying the adjustment and revitalization plan of ten important industries. Subsequently, eight industrial revitalization plans for automobiles, steel, textiles, equipment manufacturing, ships, electronic information, light industry and petrochemicals were reviewed and approved in principle by the the State Council executive meeting. During this period, the non-ferrous metal revitalization plan has been initially approved by the State Council. So which industry will be selected into the tenth industrial revitalization plan of the State Council is full of suspense.

　　Yesterday, with the news that the real estate industry has caught the "last bus" of the top ten revitalization plans, the market quickly responded. In yesterday’s stock market, the net inflow of funds from the real estate sector topped the list. Real estate stocks not only floated across the board, but also hit an average growth rate of 4.64%, breaking the weak trend of real estate stocks since this round of market.

　　However, after the closing yesterday afternoon, some media said that real estate was unlikely to be included in the revitalization plan, which made many investors feel extremely confused. Economic Half-hour reporter traced back to the news that "real estate has entered the top ten industrial revitalization plans", and found that the media that first reported the nine industrial revitalization plans were all Xinhua News Agency, and the sources were all the State Council executive meeting. This time, the media that first reported "real estate has entered the top ten industrial revitalization plans" was not Xinhua News Agency, nor was it the State Council, but quoted Cheng Siwei, former vice chairman of the National People’s Congress Standing Committee (NPCSC), at an academic forum last Saturday. It was reported that during the speech, Cheng Siwei

　　So, did Cheng Siwei say that the real estate industry has really entered the top ten revitalization plans, and through what channels did he get the news? The Economic Half-hour reporter made an exclusive interview with Cheng Siwei this morning.

　　Reporter: "Cheng Lao, I saw such a news on the Internet yesterday that real estate was included in the top ten industrial revitalization plans. So, stimulated by this news, real estate stocks also rose by 4.64% on average. I wonder if you have noticed this news?"

　　Cheng Siwei: "I have seen it. In fact, I told them at that time that it was not news, and they wanted to quote it. They told me that the secretary had already posted it, so there was no way, but in fact, this was when I was giving lectures to my students, and it was not a public report."

　　On Sunday, some media reported that Cheng Siwei revealed that the real estate industry has been included in the State Council’s top ten industrial revitalization plans, and Cheng Siwei’s photos were also used in the report, while Cheng Siwei told reporters that he talked about this matter when he was teaching students, not a press release.

　　Reporter: "through what channels did you learn that this real estate industry has been written into the national industrial revitalization plan?"

　　Cheng Siwei: "First of all, I saw the news released by Securities News on February 17th from People’s Daily Online. I also printed it out today. The headline of this news is called, officials of the Energy Bureau said that the energy industry revitalization plan was replaced by real estate planning. In addition, on People’s Daily Online, if you click on it, you can also see the real estate industry in the top ten industrial revitalization plans, so I, I personally got the information from this aspect."

　　Reporter: "Besides this news on the Internet, do you have any other channels to confirm what you have seen?"

　　Cheng Siwei: "It seems that I read on the Internet that on the 22nd, officials from the Ministry of Housing and Urban Development also said that this was the case, because to be honest, as a scholar, I just expressed my views, and I can’t make any explanation on behalf of the government. This is just what I said on the basis of the published news, so I also said that it was reported that there was such a situation."

　　The report on February 17th mentioned by Cheng Siwei is like this: "People from the National Energy Administration said that the plan to introduce another energy sector in addition to the nine major industry revitalization plans has been replaced by the relevant plans of the real estate industry"; The website mentioned by Cheng Siwei is a special page of People’s Daily about the revitalization plan of China’s top ten industries, which indicates a total of ten industries, and the real estate industry suddenly appears in it. However, unlike other reports on the revitalization plan, the so-called real estate revitalization plan has never heard from the the State Council executive meeting, and all the first reports are not from the news broadcast of Xinhua News Agency and China TV Station, but a media claimed that they were confirmed by an official of the Ministry of Housing and Urban Construction.

　　Reporter: "Generally speaking, what is a channel and a formal channel for the release of such a plan?"

　　Cheng Siwei: "As far as I know, the report is like this. He is planning one by one, first reviewed by the National Development and Reform Commission, and then submitted to the the State Council executive meeting for deliberation. Therefore, I think this procedure should be like this. Before the State Council officially passed, the content of the plan was impossible. Release."

　　Reporter: "Take a look, this webpage is generally reported in this way. The topics are all called real estate listed in the top ten revitalization industries. Has it been confirmed?"

　　Cheng Siwei: "Well, I don’t watch it. It’s inappropriate for him. In fact, at that time, I asked my secretary of the Chinese Academy of Sciences to tell them that it was simply a hype, not news."

　　Cheng Siwei said that when he was teaching students, he said that he expounded his concern about the real estate revitalization plan based on relevant reports, but the media completely ignored this premise and misled his meaning when quoting him.

　　Reporter: "Do you think this presentation is your original intention?"

　　Cheng Siwei: "I think this is a bit misleading, which is what I said just now. In fact, this news was announced on the 17th, and when I spoke, I said that I was giving lectures to students, so it was reported that this should be very clear. But because I have repeatedly said that I am now from the National People’s Congress, even if I am the vice chairman of the National People’s Congress, I don’t care about the government, and now I have retired from the post of vice chairman of the National People’s Congress, so what I am talking about now is all. Therefore, I think it is a matter of the National Development and Reform Commission, the Energy Bureau and the Ministry of Construction, so I think this report is not accurate. "

　　CCTV News:According to the website of the People’s Bank of China, the People’s Bank of China and China Banking and Insurance Regulatory Commission publicly solicited opinions on "Opinions on Financial Support for the Development of Housing Leasing Market (Draft for Comment)". Soliciting opinions, it is proposed to focus on supporting the development of specialized and large-scale housing leasing enterprises with self-sustaining properties. Financial support for housing leasing should adhere to the position that houses are used for living, not for speculation, and focus on supporting self-sustaining property-based housing leasing enterprises with independent legal person operation, clear business boundaries and real estate professional investment and management capabilities, so as to promote their large-scale and intensive operation and improve the supply capacity and operation level of long-term rental housing. Details are as follows:

Opinions on financial support for the development of housing rental market

(Draft for Comment)

　　In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, support the accelerated establishment of a housing system with multi-agent supply, multi-channel guarantee and simultaneous rent and purchase, cultivate and develop the housing rental market, and promote the stable and healthy development of the real estate market, according to the Opinions of the General Office of the State Council on Accelerating the Cultivation and Development of the Housing Rental Market (Guo Ban Fa)

　　[2016] No.39) and "Opinions of the General Office of the State Council on Accelerating the Development of Affordable Rental Housing" (Guo Ban Fa [2021] No.22), we now put forward the following opinions on financial support for the development of the housing rental market:

　　I. Basic Principles and Requirements

　　(1) Support the structural reform of the supply side of housing leasing. Financial support for housing leasing should focus on the key points and aim at the shortcomings, mainly in big cities, focusing on solving the housing problems of new citizens, young people and other groups, supporting all kinds of subjects to build and rebuild long-term rental housing, revitalizing existing housing, and effectively increasing the supply of affordable and commercial rental housing.

　　(two) focus on supporting the development of specialized and large-scale housing leasing enterprises with self-sustaining properties. Financial support for housing leasing should adhere to the positioning that houses are used for living, not for speculation, and focus on supporting self-sustaining property-based housing leasing enterprises that operate as independent legal persons, have clear business boundaries, and have real estate professional investment and management capabilities to promote their regulations.

　　Modular and intensive management to improve the supply capacity and operation level of long-term rental housing.

　　(3) Establish and improve the financial support system for housing leasing. Financial support for housing leasing should be based on market allocation, providing diversified, multi-level and full-cycle financial products and financial service systems for the investment, development, operation and management of leased housing, with complete market functions, balanced structure and orderly competition.

　　— — Financial institutions have a reasonable division of labor. Commercial finance should meet the reasonable financing needs of all kinds of rental housing subjects in accordance with the principles of legal compliance, controllable risks and sustainable business. Policy finance and development finance are limited to providing financing for the development, construction and operation of affordable rental housing on the premise of meeting the functional orientation and business scope.

　　— — Innovation norms of financial products. Housing lease credit products should have clear functions, reasonable term and interest rate pricing, perfect risk evaluation and post-loan management. Direct financing products should be simple and clear in structure, sound and effective in market restraint and operation mechanism, transparent in product pricing, and true and compliant in capital use.

　　— — Optimization of credit and capital market allocation. The credit market mainly meets the needs of various entities to develop and build rental housing, as well as the liquidity and daily operation of housing rental enterprises. The capital market focuses on the development of long-term financing tools for housing rental investment. The credit market and the capital market can be coordinated and reasonably connected according to the income and risk characteristics of different links of housing leasing.

　　Two, strengthen the innovation of housing rental credit products and service models

　　(four) to increase credit support for the development and construction of rental housing. Support commercial banks to issue development and construction loans to real estate development enterprises, industrial parks, rural collective economic organizations, enterprises and institutions and other entities to build or rebuild long-term rental housing.

　　Payment. The proportion of project capital for rental housing construction should not be less than 20% of the total investment of development projects, and the loan period is generally 3 years, and the longest is not more than 5 years. Commercial banks should establish a perfect loan approval mechanism and risk management mechanism for development and construction according to the cash flow of various entities and the risk characteristics of real estate development, so as to improve the efficiency and management level of loan approval.

　　(V) Innovative groups purchase rental housing credit products in bulk. For enterprises and qualified institutions to purchase idle houses in batches according to laws and regulations for dormitory-type affordable rental housing, and specialized large-scale housing leasing enterprises to purchase idle houses in batches according to laws and regulations for affordable rental housing or commercial rental housing for long-term operation, commercial banks are encouraged to issue rental housing group purchase loans on the premise that risks are controllable, businesses are sustainable and implicit debts of local governments are not added. Commercial housing and commercial housing purchased with loans should be houses with clear legal relationship and completed acceptance. During the loan period, the rental purpose of the house shall not be changed. Leased housing groups purchase loans for a maximum period of not more than 30 years, and the loan amount shall not exceed 80% of the appraised value of the property in principle.

　　(six) support the issuance of housing rental business loans. If a housing leasing enterprise manages long-term rental housing with its own property rights, the term of the housing leasing business loan shall not exceed 20 years, and the loan amount shall not exceed 80% of the assessed value of the property in principle, which can be used to replace the loan for early development and construction of the property. For the non-proprietary rental housing formed by the housing leasing enterprises in accordance with the law and in compliance with the transformation of industrial plants, commercial office buildings and villages in the city, the term of operating loans shall not exceed 5 years, and the loan amount shall not exceed 70% of the total rent receivable within the loan period in principle.

　　Commercial banks should carry out due diligence investigation on the legal compliance of the operation and management of leased housing, the rental level and occupancy rate of leased housing, and the professional ability, financial status and continuous prudent operation of housing leasing enterprises, and design the loan term, interest rate and repayment method reasonably in combination with the operation and risk characteristics of housing leasing enterprises.

　　Housing leasing enterprises should take rental income as the first source of repayment. If the housing leasing enterprise has clear other repayment sources, commercial banks can issue pledge and mortgage loans, but the legal risks of pledge and mortgage should be carefully evaluated to ensure the enforceability of pledge and mortgage. On the premise of compliance with laws and regulations, commercial banks are encouraged to issue credit loans according to the credit standing and operating conditions of housing leasing enterprises.

　　Explore the role of policy housing finance, support housing leasing enterprises to hold and operate affordable rental housing for a long time, and give priority to meeting the housing rental needs of eligible new citizens, young people and other groups.

　　(seven) innovative comprehensive financial services for housing leasing related enterprises. Encourage commercial banks to actively explore financial service models and financial products suitable for the needs of enterprises related to housing leasing, and provide comprehensive financial solutions such as account opening, settlement, consultation and cash management to housing leasing construction and operation enterprises, housing leasing brokerage institutions and housing leasing management service platforms.

　　Third, broaden the diversified investment and financing channels in the housing rental market

　　(eight) to enhance the ability of financial institutions to put in housing rental loans. Support commercial banks to issue financial bonds for housing leasing, and raise funds specifically to increase the investment of housing leasing development and construction loans and operating loans.

　　(9) Broaden bond financing channels for housing leasing enterprises. Support housing leasing enterprises

　　Industry issued debt financing instruments, corporate bonds, corporate bonds, earmarked for rental housing construction, purchase and operation. Encourage the optimization of bond issuance process, improve the issuance efficiency of housing lease bonds, and provide financing facilities for housing lease enterprises.

　　(10) CoveredBond for innovative housing lease. If the rental housing owned and operated by the housing leasing enterprise has a sustained and stable cash flow, the property mortgage can be used as a credit enhancement, and housing lease guarantee bonds can be issued. Housing lease guarantee bonds are included in the bond management framework.

　　(eleven) the steady development of real estate investment trust funds (REITs). Steadily promote the pilot work of real estate investment trust funds (REITs), and raise funds for housing leasing enterprises to hold and operate long-term rental housing under the premise of controlling risks. Support real estate investment trust funds (REITs) share trading circulation, promote long-term stable operation, and prevent short-term speculation. Give priority to supporting xiong’an new area, Hainan Free Trade Port, Shenzhen Socialism with Chinese characteristics Pilot Demonstration Zone and other key areas supported by national policies and big cities with net population inflow to carry out real estate investment trust funds (REITs) pilot projects, and provide financial support for enterprises that use all kinds of construction land (including collective construction land, idle land owned by enterprises and institutions, etc.) to build, hold and operate long-term rental housing according to laws and regulations.

　　(twelve) to guide all kinds of social funds to invest in the field of housing leasing in an orderly manner. Support financial institutions, asset management products and other market entities to standardize investment in financial products related to housing leasing. Encourage housing leasing enterprises and professional asset management institutions to hold and operate rental housing for a long time through real estate investment trusts (REITs). Support long-term funds such as insurance funds to invest in the housing rental market. Encourage housing leasing enterprises and finance.

　　Institutions use interest rate derivatives to hedge related interest rate risks.

　　Four, strengthen and improve the financial management of housing rental.

　　(thirteen) strict housing leasing financial business boundaries. Housing leasing financial business should be strictly positioned to support the development of housing leasing market and not provide financing for short-term speculation. Housing rental financial products and services should be clearly distinguished from those of non-rental housing. It is strictly forbidden to finance non-rental housing in the name of supporting housing rental, and it is strictly forbidden to use housing rental financial products for commercial real estate development in violation of regulations. Financial institutions should establish and improve relevant business systems, strengthen compliance review and evaluation, and ensure prudent and compliant business.

　　(fourteen) to strengthen the management of housing rental credit funds. Commercial banks and other institutions should strictly review housing lease credit and post-loan management, strengthen the investigation and tracking of borrowers, project attributes and the authenticity of loan purposes, ensure that loan funds are used for housing lease construction and operation in accordance with the agreed purposes, and effectively prevent risks such as misappropriation and cashing out of funds. If the lease property of the project or the use of the house is changed during the loan period, the loan shall be recovered in time.

　　(fifteen) standardize the innovation of direct financing products for housing leasing. The direct financing products of housing lease should have excellent quality of basic assets, simple structure, clear legal relationship, open and transparent information and legal compliance with the use of funds. Relevant acceptance departments should clarify the business model of housing leasing enterprises, the use of raised funds and other policies and audit requirements, improve information disclosure and post-supervision management, take effective measures to ensure that raised funds are used for related activities such as rental housing construction and operation, and shall not be diverted for other purposes.

　　(sixteen) to prevent financial risks of housing leasing. Commercial banks, etc. lease housing.

　　Institutions providing financing should establish and improve relevant systems, strengthen compliance review and evaluation, and ensure prudent and compliant business. Standardize the management of financing subjects, formulate clear access standards, and implement list management for non-personal objects. Limit the debt level of all kinds of housing leasing enterprises and real estate development enterprises holding leased housing to ensure that their asset-liability ratio remains in a moderate range. Strengthen the monitoring of the operation and management, financial status and the use of funds of housing leasing enterprises. If housing leasing enterprises violate the loan contract, they should promptly take effective measures such as accelerating liquidation and collecting loans in advance to resolve risks.

　　Housing leasing enterprises must complete the relevant filing work on the housing leasing management service platform established by the housing and urban-rural construction department before financing. For direct financing products of housing leasing, we should fully reveal the risks related to housing leasing business and real estate market, establish and improve the risk early warning and disposal mechanism, and protect the interests of investors.

　　(seventeen) the establishment of housing rental financial monitoring and evaluation system. The People’s Bank of China took the lead in establishing a special statistical system for housing leasing finance, strengthened the statistics, investigation and monitoring analysis of housing leasing financial products, and explored the establishment of a policy-oriented effect evaluation system for housing leasing special credit. Relevant departments should strengthen the sharing of information related to housing leasing and give full play to the joint efforts of supervision.

　　The Shanghai headquarters of the People’s Bank of China, branches, business management departments, city center branches of provincial capitals and sub-provincial city center branches are requested to forward this opinion to relevant institutions within their respective jurisdictions together with the Banking Insurance Regulatory Bureau of their respective provinces (autonomous regions and municipalities), and coordinate the implementation of this opinion.