Since the reform and opening up to the present, the development and changes of the domestic real estate market have roughly undergone four periods, including initial formation, real estate overheating, market adjustment, and cultivating new economic growth points.

Before the reform and opening up, my country had almost no real estate market, no real estate industry, only construction industry. Urban housing was mainly invested and constructed by the state. Built housing was not for sale, but was mainly distributed through the unit where the employees were located, according to the grades of seniority, position, education, etc. For the allocated housing, only symbolic, almost free use of low rents are charged.

This housing system is usually summarized as a welfare housing system in which the state entrusts housing investment and construction, and is distributed to employees in physical form and used almost free of charge. Under this housing system, housing construction investment has no return and cannot be recycled and turned over. The low rent collected is not enough to cover the daily maintenance and management costs of housing. Housing construction, maintenance and management have become a heavy burden for the country, and it also curbs individual investment in housing. The problem of urban housing tension is becoming increasingly prominent.

After the reform and opening up, senior management proposed whether there was a broader way to solve the housing problem, such as allowing private housing construction or private housing assistance, paying installments, mobilizing the money in individuals, and solving materials in the state. This aspect has great potential. This idea breaks the traditional view of public ownership and welfare system of housing and draws a basic blueprint for the new housing system.

Two years later, it formally proposed to implement a housing commercialization policy, allowing private houses to be built, bought houses, and own their own houses. Not only can new houses be sold, but existing houses can also be sold.

From the second half of 1992 to 1993, a real estate boom suddenly occurred in many areas of my country. Real estate development companies increased sharply, and real estate development investment grew rapidly. The real estate market, mainly speculating on land and projects, was extremely active. In some areas, mainly Hainan and Beihai, Guangxi, real estate development overheated, forming a serious real estate bubble.

Judging from the situation in Hainan, by 1993, the number of real estate developers reached 10,000. Commercial housing was very popular. Except for some remote, inconvenient transportation or a small number of commercial housing built in a few counties, the rest have been sold out, and the phenomenon of paying pre-purchase fees for purchasing commercial housing. Hainan's real estate market has heated up sharply, and real estate prices have risen steadily.

Overheating of real estate development investment not only exacerbates the supply and demand contradictions of steel, cement, wood and other building materials, which has led to a sharp increase in prices. Moreover, due to the excessive construction funds being squeezed out, some countries have insufficient funds for key construction projects. Mainland funds have flowed to the real estate market in coastal areas, and real estate prices in coastal areas have soared, and the rising real estate prices have accelerated the inflow of external funds, which ultimately led to a serious imbalance in the development of the national economy.

Many real estate developers enter Hainan, focusing on not targeting society. They are keen on speculation, trying to make huge profits by pouring the ground, selling projects, and speculating on real estate. When the chain of speculation breaks, what remains are fund precipitation, debt entanglement, project suspension, and land idleness.

Until now, four state-owned commercial banks in Industrial and Agricultural Bank of China, China and China have accumulated more than 43 billion yuan in real estate funds in Hainan. If the investment of other financial institutions and other enterprises of non-state-owned commercial banks, construction companies' advance funds, material funds, and prepaid housing purchase funds, it is estimated that the funds will be accounted for more than 80 billion yuan.

However, since 1996, the economy has changed from shortage to relatively oversupply, products cannot be sold, enterprises stop production, workers are laid off, and last year the impact of Asian financial crisis. With the phenomenon of deflation in the entire economy, the real estate market has entered a low tide.

So starting this year, with the institutional reform to cultivate the residential industry into a new economic growth point and the introduction and implementation of various policies and measures, the domestic real estate market and real estate industry have entered a new development period. Urban and towns across the country have stopped distribution of housing in physical form, and various preferential policies such as tax and fee reductions to revitalize the secondary housing market have been introduced one after another. Housing construction has accelerated, housing finance has developed rapidly, and the secondary housing market has begun to become active.

In April this year, the People's Bank of China issued the "Notice on Increased Housing Credit Investment and Supporting Housing Construction and Consumption", in order to promote the reform of the urban housing system and cultivate the housing industry into a new economic growth point, it decided to further increase housing credit investment and support housing construction and consumption. As long as the borrower meets the loan conditions, commercial banks can issue housing loans within the scope of the asset-liability ratio requirements.

In order to cooperate with the national housing reform, effectively launch the real estate market, and actively cultivate new economic growth points, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Construction have also issued many new policies to encourage individuals to purchase housing and provide tax incentives.

In this way, in the eyes of real estate developers, now is the best opportunity to make money. The banks provide dual loan assistance to developers and consumers. In this case, of course, it is the easiest to make money, especially in places like Beijing and Hai. Everyone's consumption concepts should be advanced and it is easy to accept this economic model of overdrawing the future, so it is naturally the first choice for development.

However, as Fan Wubing did this, hundreds of billions of funds were about to pour into the capital. How can we not make everyone feel uncomfortable? In addition, the current policy of limited-time development is obviously to prevent land hoarding and land speculation, which will cause a huge change in the real estate market in the capital.

Although no one has seen the future development trend of the real estate industry, after the tycoon of Fan Investment Group entered, it obviously did not have a good life for itself. How can real estate companies that rely on loans to inventory defeat Fan Investment Group, which rely on their own funds to develop?

On the afternoon of the afternoon when the rumors of the new real estate policy leaked, Boss Zhu proposed this matter at an office meeting of the State Council, believing that in the principle of not wasting resources and preventing excessive land speculation, the consideration of time-limited development is still feasible, but the housing reform team should come up with a more specific plan for submitting it to the National People's Congress for review and approval.

If it was a rumor before, then now that Boss Zhu raised this question, it would be equivalent to preparing for action. This is how things in China are. If the leader does not express his opinion, this matter may never be promoted. However, if the leader starts to care about something, the efficiency of each department will be very efficient.

Of course, even Fan Heng, who is far away in Jiangnan Province, called his son Fan Wubing as soon as possible to ask about the incident. "You and Boss Zhu made major decisions on real estate policies one after another, so why don't there be any contact in this?"

"The relationship involved in this matter is quite complicated, but it is mainly due to the influence of Huo Tiancheng's case." Fan Wubing did not hide the important role he played in it. He explained in detail to his father Fan Heng, "Huo Tiancheng will definitely die according to the rules, but the real estate developers in the capital seem to feel the sad atmosphere of the fate of the richest man in the real estate industry, so they want to put pressure on to influence judicial justice. Therefore, I will just have a drama with Boss Zhu when I am unwilling to use administrative oppression too much."

"I knew there was something wrong with it, otherwise why would you two be like a sing together?" Fan Heng thought that it was true, but this matter had nothing to do with him. The housing reform work in Jiangnan Province has just begun. If there is a relatively complete policy constraint, I believe that the work here will avoid many detours. In particular, he is worried that real estate developers are too unwilling to be too high, which leads to excessive housing prices and the people cannot afford it, which will lead to greater social conflicts.

As of now, whether Fan Wubing enters Beijing to participate in the real estate industry or Boss Zhu's intention to develop in a limited time is a promotion of the formalization and rationalization of the real estate development industry, it can curb the phenomenon of excessive development costs caused by excessive land speculation, and try to avoid another incident similar to the Hainan real estate bubble.

However, Fan Wubing and Boss Zhu cooperated with each other, but it was a miraculous effect. The real estate developers alliance in Beijing immediately collapsed. At this time, no one was too concerned about Huo Tiancheng's affairs. Everyone began to contact their behind-the-scenes supporters again, wanting to inquire about the origin of the new real estate policy this time. Will Boss Zhu pass this bill in the near future?

At the same time, some people were asking about the trends of Fan's Investment Group to see if Fan Wubing was going to really enter the real estate development market in Beijing, or was his executives looking forward to it? After all, according to Fan Wubing's previous attitude, he seemed to be a little disdainful of the real estate development industry. At this time, a 180-degree turn suddenly took place, and his mentality changed could not help but be suspicious.

However, Fan Wubing did not appear publicly, nor did he announce any private opinions to the media. The rumor that seemed to have disrupted the national real estate industry was not released in his own company.

When answering the questions of several senior executives at the headquarters, Fan Wubing said to them clearly, "House reform is imperative, and the era of real estate development is also coming. I was unwilling to get involved in this industry before because the time was not yet ripe. But now, it is obvious that if we participate, it will be more conducive to regulating the domestic real estate development market and controlling the entire sea or capital of the house prices will not rise excessively. The housing price levels of these two places are of considerable reference significance for the entire country."

"What's the point of doing this?" Someone expressed his confusion.

"Suppressing excessive housing prices will help protect people's livelihood!" Fan Wubing replied meaningfully.
Chapter completed!