**: Fengcai News.
The real estate asset management industry is undergoing profound changes, with new changes taking place both internally and externally in enterprises, organizations and businesses. Looking back on 2023 and looking forward to 2024, AFC Resourceile is committed to building a new business ecosystem to adapt to the direction and project advancement of real estate asset management business under the new policies. At the same time, AFC invited industry experts to jointly analyze and interpret the new opportunities for real estate asset management in the next decade of the industry after the 20th National Congress of the Communist Party of China.
Against this backdrop, the 2024 Real Estate Asset Management New Opportunities Forum with the theme of "Harmony and Symbiosis" was successfully held at the Cordis, Hongqiao Business District, Shanghai, in collaboration with the Shanghai Hongqiao International Business District Management Committee and the Minhang District South Hongqiao Management Committee Office.
The purpose of this forum is to further promote the economic development of Hongqiao Business District, attract more high-quality enterprises to settle in, and jointly build an international and modern industrial cluster. During the event, AFC invited economists, entrepreneurs, real estate industry executives, and people from the fields of investment, development, asset management, finance, and professional services to participate in the in-depth discussion and share the latest market trends and business practices. It attracted 200 viewers for the offline summit and 20,000 viewers for the online live broadcast.
Mr. Yu Xiaoxiang, Vice President of AFC, served as the moderator of the forum.
At the beginning of the forum, Peng Xiufeng, deputy secretary of the Party Committee and general manager of Shanghai South Hongqiao Investment and Development (Group), made an opening speech as the supporting unit of the forum.
General Manager Peng Xiufeng, on behalf of the Office of the South Hongqiao Management Committee of Minhang District, and on behalf of the South Hongqiao Group, extended a warm welcome to all of you who came to our South Hongqiao area to participate in the event today. And I would like to express my warm congratulations on the smooth holding of this event.
As an open hub that not only connects the Yangtze River Delta region, but also radiates the whole country and even connects the world. In addition to the well-known Hongqiao International Open Hub, it is also the bridgehead of the national strategy for the integrated development of the Yangtze River Delta, as well as the annual CIIE. As a strategic highland, a policy highland, and a service highland, South Hongqiao currently has more than 250 enterprises with headquarters functions. And introduced a number of well-known enterprises to everyone. Finally, Mr. Peng warmly invited: "I am very much looking forward to everyone being able to keep your eyes on South Hongqiao and your investment in South Hongqiao." If you can give us a chance to be a "shopkeeper", then we will definitely give you a chance to start again and take off again!”
Gui Jinbiao: Founder & CEO of AFC
Theme: The Year of Opportunity for Stock Assets.
At the same time, on behalf of the AFC, Mr. Gui thanked everyone for participating in the 2024 Real Estate Asset Management New Opportunities Forum, thanked the leaders of the Shanghai Hongqiao International ** Business District Management Committee and the Minhang District South Hongqiao Management Committee Office for their support, and thanked General Manager Peng for his wonderful speech. And thank you for taking time out of your busy schedule this afternoon to attend the forum.
Mr. Gui said that the night is full of light, hope grows in darkness or despair, and the more you feel that this industry is not good, in fact, new things and new seeds are sprouting. Once there is a systematic germination of an industry, it will affect our economy in the future for ten or twenty years, and our real estate industry is already large, so the future system of revitalizing the stock is also very large, so we will do our own to revitalize China's stock assets, "let the assets flow like water", I hope that everyone here, we will work together to create this trend and the future. We need to be more professional and systematic. Follow this good era and seize this opportunity. Asset management and revitalization of stock assets is a huge export for our industry, and it is also the future of our industry!
Tam Weimin: Chief Economist of Huaxia (Hong Kong).
Theme: 2023 China Economic Review and 2024 Outlook.
Mr. Tan proposed: "The worst time should have passed" Mr. Tan made an in-depth analysis and explanation of the policy interpretation, expectations, confidence and hidden worries of the future economic growth of the industry through the current economy and trends since 2023.
Mr. Tan pointed out that the most important thing at the moment is economic growth, and the recovery of economic growth will bring about a recovery of all kinds of confidence, and at the same time, more counter-cyclical policies will continue to be introduced, and everyone will see that confidence will gradually return.
Liu Shengjun: Chief Expert of Financial Reform Think Tank, Founder of Liu Shengjun Micro Finance, Expert and Professor of the Prime Minister's Economic Symposium.
Theme: "China's Economy: First Establish and Then Break".
Professor Liu pointed out the fundamental problems that China's economy is now facing through the principle of "first building and then breaking", and if you don't stand alone, the economy will definitely become weaker and weaker. Breaking is not necessarily a bad thing or not exactly a bad thing, because sometimes we encounter something bad and we really need to eliminate it and change it.
Why should it be "broken", because "broken" refers to the elimination of bad things, which often means "contraction effect", and if there are more broken things, the economy will be difficult to bear. In our pursuit of high-quality development, we must eliminate the "old kinetic energy" and "old model", and do not break or stand. When the new economy and growth points do not rise, we still have to maintain the original economic growth points.
Panel Dialogue: Changes in Enterprises: Investment Changes, Market Changes, and Industrial Changes.
Moderator: Dr. Chen Jiqiang, Chairman of Jiqiang Associates.
In the past, the general manager of Hutchison Whampoa said that Mr. Li hoarded land for 20 years without development, in fact, it is not a fact, our domestic real estate market has been saying that learning from Singapore or learning from Hong Kong can solve housing prices, this may be the largest ** made up by experts recently, do you know how much time Singapore and Hong Kong have taken and enough things to affect housing prices?Now there are two or three million people in Hong Kong, and the housing prices are still so high, but in fact, they only account for 40%, and Singapore accounts for 85%, including 60% tax. At present, we are facing investment changes, market changes, and industrial changes, all of which are unprecedented, and all changes are inseparable from the changes in funds. We are in a period of change, and socio-economic development often relies on change to drive progress.
Yu Yu: General Manager of Shenwan Hongyuan** Suzhou Branch.
How do you look at the real estate industry from a financial perspective or a capital market perspective?For a long time in the past, the real estate industry has been the most concerned industry, not only closely related to the national economy, but also closely related to the daily life of residents. In the past, starting from the listing of real estate enterprises, the listing of real estate service industry-related enterprises, the listing of commercial SaaS-related enterprises, and then the listing of property companies in the past few years, different stages have shown different changes. The cold winter of the real estate industry in the past few years has given rise to some new changes, such as the high attention and attention to the REITs market, industrial real estate, new infrastructure and other markets, which I think is very much in line with today's theme: change. To summarize with the spirit of this year's ** economic work conference: "seize all favorable opportunities, take advantage of all favorable conditions, see the right to do it, do more if you can, and strive to respond to the uncertainty of changes in the situation with the certainty of your own work".
She Yaoting: Managing Director of CE Bai Asset Management Holdings***.
Now the domestic real estate is full of sorrow, how to change in the future to win the future development, make China's real estate industry more international, how to survive and seek better development, whether there are some new directions worth thinking about, I have three thoughts:
In 2021, Li Ka-shing said to the company's internal team that the economy will change greatly, please colleagues to do a good job in the company's cash flow, as of today, the debt ratio of Hong Kong's real estate companies may be only 10%, and the highest may not exceed 50%;The second point is to embrace change, real estate is always changing, our Chinese real estate is different from overseas, more than 70% of overseas may be doing business and 30% are residential, we are doing 80% of residential in China and 20% are doing business, the two are not the same in **?In the past ten or twenty years, we are accustomed to doing business with a so-called first-class thinking, not doing business with value thinking, doing business with first-class thinking, we first calculate what the cost is, how much we can sell in the future, how to find what customers, but forget how to make products;The third point is to create value and differentiation, invest in any project, and first think about what you will do in the future when you buy this projectWhat exactly do customers want?What is the difference between doing this project and others?I think these three points are very central.
Xu Shufan: General Manager of Haier Strategic Ecology.
Founded in 1984, Haier Group is the world's leading provider of solutions for a better life and digital transformation. As a representative of the real economy, we will continue to focus on the industry, lay out the two main tracks of smart housing and industrial Internet, build high-end brands, scene brands and ecological brands, customize smart lives for global users with scientific and technological innovation, promote the digital transformation of enterprises, and help the high-quality and sustainable development of the economy and society. In such an uncertain real estate market, we must seek product innovation, service innovation, change and development.
Qiao Wenjun is a partner at Zhong Lun Law Firm.
We have cooperated with a lot of overseas and domestic large company transactions, but also helped many companies IPO, in today's changing business environment and real estate market, if you have to let me give some advice to our developers, I suggest that we first change, what to change?It's not just about changing our way of playing, not just about our products, it's about changing our mentality. It has to be elongated, patient, and emotionally stable. In this mentality adjusted. In the future, we should also change this plan, and we should not rush for quick success.
Jin Junru: CEO of Zhongxin (Shanghai) Technology
In 2024, the number of new office ** plus the five new cities will be 40 million square meters, which is just that the total number of new stocks in Shanghai is definitely larger, now you go to see all the research reports from the research institute to say how much is vacant, many office vacancy rates in Lujiazui have reached 30-40%, and nearly 50% of the houses may be vacant in the next 5 years;In the next 5 years, 50%-70% of the people related to this industry may be eliminated, these are facts and upcoming events, and it is worth thinking about.
Panel Dialogue: The Revitalization of the Economy: Digitalization of Asset Finance Industry Operations.
Moderator: Gui Jinbiao AFC Zi Le, Founder & CEO
In fact, you see that we are different from the past, in the past were all investors, investment institutions, we have invited the guests of the industry today, because it is not only real estate, in fact, it has exceeded the scope of our real estate, it has a lot of industry, technology, operation, etc
We used to focus more on the real estate industry, more on the residential industry, but this round we are also adjusting, basically around the space field, we are next a real estate industry enterprises, such as a large number of state-owned enterprises are cooperating with us, the second we are in the field of industrial parks, this year also released the database of industrial parks, about 70,000 industrial parks, involving 9 million enterprises.
Dan Chen: Founding Partner & Vice President of Rheinland Times Center.
Rhine Times Center is set up in Shanghai by Sino-German Investment Holding Group, we are an investment platform with German technology transfer and mergers and acquisitions as the core, first of all, the first is technology screening, we pass the list of German science and technology awards, screen out high-quality innovative technologies with technical barriers, and incubate them in ChinaSecond, the introduction of the world's largest technology big data service provider, which publishes the top 100 technology rankings in various industries internationally every year, can accurately identify the active cutting-edge innovative technologies around the world.
Jia Yaoyong: Vice President of Yuexing Group, Executive President of Global Harbor Commercial Group.
I will briefly introduce to you the Yuexing Global Harbor, we have two product lines, one is the Yuexing Home Furnishing Plaza that everyone is more familiar with, there are nearly 300 Yuexing Home Furnishing Plazas across the country, and the second is the Global Harbor Shopping Center, we do both furniture plazas and shopping centers, Shanghai Global Harbor is also the largest shopping center in Shanghai, with a total construction area of 480,000 square meters;Our business model is a shopping mall, but the model of integration of culture, tourism and business is to embed theme amusement into the shopping center to achieve the integration of culture and tourism.
Huang Anke: Managing Director of Dixintong Group, I believe that many of you here are our customers of Dixintong, your first big brother, the first mobile phone card, but now our largest sector is industrial real estate and logistics real estate, of which our largest industrial real estate is in Hainan. There are 4,000 acres, we are from 08 years with the first is to work together, after 15 years, last year our park has exceeded 220 billion sales, we a park to pay 17 billion taxes to the first 17 billion, accounting for 5% of the total tax revenue of the entire Hainan Province It stands to reason that the current economy is so bad, it is actually a great thing that our park can generate such a large amount of tax revenue, and we can survive after so many years of development, first, I think it has a lot to do with our strategic transformation, and second, we have been at the forefront of science and technology.
Shuai Huang is the Investment Director of Franklin Templeton.
Since 2016, I began to get involved in Singapore REITs, at that time China's REITs had not yet begun, I think today's Gui Zong's theme is very, very in line with the present, now the arrival of stock assets is an opportunity, China's REITs have just begun, or a newborn, and the overseas market is not yet mature, but it will become more and more mature, It is getting bigger and bigger, so I think the opportunity for the development of the entire stock asset is in the next two or three decades, and even will become a mainstream direction in the later stage of the development of the whole real estate.
After the roundtable dialogue, the "2024 New Opportunities Forum for Real Estate Asset Management" came to an end.
Thank you for the guidance and support of the leaders of the Shanghai Hongqiao International ** Business District Management Committee and the Minhang District South Hongqiao Management Committee Office2024 is about to begin, we have embarked on the pace of a new cycle, although the face of change is inevitably difficult, but "when the reform is underway: only when it is difficult, can we show more courage". We will always test confidence and take on new challenges. The theme of this conference, "Harmony and Symbiosis", is full of philosophical development ideas, advocating cooperation with allies, resource sharing, harmony and profit, symbiosis and common development. Taking the opportunity of this event, the first platform and enterprises stand at the starting point of high-level cooperation and jointly develop a new path for real estate asset management. We work together to create a better 2024!