Time flows like a long river, and the speed of battle never slows down. The 14th session of the Henan Provincial People's Congress and the 13th session of the Provincial Committee of the Chinese People's Political Consultative Conference opened in Zhengzhou on Jan. 14 and Jan. 13, respectively.

Looking back on the year 2022, He'nan strives to improve stability and achieve success in challenging situations, while also fostering economic growth to demonstrate a positive trend of stability, and quality improvement, and making He'nan contributions to stabilizing the national economic market.

Looking ahead to 2023, which is poised for growth, Dahe Finance Cube has started a unique series of publications on "Financial Interview of the Two Sessions" in order to thoroughly depict the deputies' styles. Concentrate on the recommendations made by the deputies, how to fight for growth and the future in all spheres of life, how to continue to tell He'nan's financial narrative, and how to play the strongest tune in He'nan's development.

Dahe Finance Cube reporter Wu Chunbo

The He'nan province government's work report for 2023 said that in order to satisfy the stiff housing demand, it is imperative to stimulate the real estate market, put the first house loan assistance policy into place, and optimize the second home identification standard.

During the two sessions of He'nan Province in 2023, Li Xiaobing, Chairman of Xuchang Hengda Group, as the new deputy of the provincial people's congress, suggested that relevant functional departments of He'nan Province and financial institutions should take practical and effective measures as soon as possible to increase the implementation of policies related to activating real estate in the country and He'nan Province, so that favorable policies related to real estate can quickly benefit high-quality housing enterprises in our province and promote the healthy development of the industry.

Li Xiaobing was forthright in stating that Hengda Group has followed the government's lead in recent years, facing the changing industry,in response to changes in the sector, and the rate of company expansion has slowed down and become more practical.

It is advised to continually improve the real estate market policies and support the industry's healthy growth.

The state and our province have currently released a number of housing consumption assistance programs, and support for assuring delivery and stability is also expanding. Confidence in the real estate market is also continuing to rise.

Previously, the People's Bank of China and China Banking and Insurance Regulatory Commission issued the Notice on Doing a Good Job in Financial Support for the Stable and Healthy Development of the Real Estate Market, fully implementing the long-term mechanism of real estate, supporting rigid and improved housing demanddue to the city's policy, maintaining reasonable and moderate real estate financing, safeguarding the legitimate rights and interests of housing consumers and promoting the stable and healthy development of the real estate market.

The policy on industry financial assistance for real estate is also known as "Sixteen Articles" since it consists of sixteen articles.

After the New Year's Day, the He'nan Provincial Government issued the Notice on Printing and Distributing Policies and Measures to Vigorously Boost Market Confidence and Promote Economic Stability, demanding that all localities be guided to steadily implement the long-term mechanism for the stable and healthy development of real estate, fully implement 16 financial support and other policies, and encourage all localities to support talents to buy houses and settle down and reasonable housing consumption of urban and rural residents by issuing purchase vouchers, purchase subsidies and deed tax subsidies.

According to Li Xiaobing, it is advised that relevant ministries and financial institutions take action as soon as possible to promote the adoption of pertinent laws in the real estate sector and benefit high-quality housing firms in the province of He'nan.

Li Xiaobing further recommended that the pertinent departments of He'nan Province take the initiative in gathering the issues and recommendations of real estate businesses throughout the province, summarizing and reporting them, and continuously optimizing the current real estate market-related policies in accordance with related issues to support the healthy development of the real estate market in our province.

According to Li Xiaobing, the issues and feedback coming from the front lines of housing enterprises can more accurately reflect the real issues facing the province's real estate market at the moment. This will also aid in the implementation of scientific policies and continuously encourage the robust growth of the sector. Private-owned enterprises are frequently mentioned in He’nan private real estate enterprises face major development opportunities.

Increased policy support, the development of a group of exceptional private entrepreneurs with entrepreneurial spirit, the formation of numerous outstanding private enterprises with high levels of competitiveness, and the promotion of the significant growth and prosperity of the private economy were all mentioned in the government work report.

He'nan Province also organized a conference on the high-quality growth of the private sector in the province just before this year's provincial two sessions in order to recognize exceptional (outstanding) private businesses and outstanding (outstanding) private entrepreneurs in He'nan Province.

Li Xiaobing stated that Hengda Group, a private company that has been actively engaged in the Xuchang’s market in He'nan for 30 years, is very enthusiastic and will contribute in the ways that are within its power to stabilize the real estate market and encourage the healthy development of the real estate market in Xuchang.

The government work report also proposed to "comprehensively promote consumption growth," "solidly promote beautiful rural construction," "accelerate the promotion of new urbanization," "organize and implement rural construction actions," "promote urbanization with county towns as the primary carrier," and "build livable cities, newly transform 380,000 old urbanized communities, and 270,000 shed-converted resettlement houses," according to the reporter.

As a representative of the private real estate sector, Li Xiaobing asserted that in our province, significant development opportunities for private real estate firms have been made possible by pertinent policy measures. Hengda Group needs to contribute significantly to the building and development of our province's urban and rural areas, take an active role in He'nan's urban and rural development, and work with others to advance pertinent policies.

The reporter mentioned that since 2018, the state has adopted pertinent rules to encourage real estate companies to cut down on leverage and debt in order to support the healthy growth of the whole sector.

"The corporation put more effort into securing the delivery of houses and lowered corporate leverage and liabilities by carefully studying legislation and closely following the government's lead. In the end, it established a solid basis in the face of market shifts and produced quite decent results, providing the groundwork for continuing to appropriately support governmental initiatives in the coming year." said Li Xiaobing.

"The goal of the government's economic policy is to accomplish the healthy growth of the social economy and ensure the steady functioning of the economy." Private real estate businesses should support the execution of governmental policies, actively modify their own development approaches, and seize new chances for policy development.

In the future, we will increase policy attention and take the initiative to boost confidence in the real estate market.

Hengda Group, which was founded in 1992, has now grown into a comprehensive enterprise group with a real estate development focus, integrating business operations, real estate services, prefabricated homes, construction, and other businesses. Hengda Group also holds the national first-class real estate development qualification. In November 2018, the group's real estate business was combined to establish Hengda Group (Holdings) Co., Ltd., which was then listed on the main board of the Hong Kong Stock Exchange.

Xuchang urban city, Yuzhou, Changge, Yanling, and Xiangcheng, as well as the provincial capitals of Zhengzhou, Xinyang, and Luohe, are now included in the real estate development region. 73 development projects had been completed by November 2022, totaling more than 11 million square meters of built, under construction, and future development space.The biggest local real estate company in Xuchang is Hengda Group, a "veteran" of the real estate sector. Li Xiaobing, the company's CEO, has a thorough knowledge of the marketization and healthy growth of the real estate sector.

"High land price is not a feature of the healthy development of the property market, but sometimes it will interfere with the normal development of the market." In Li Xiaobing's view, the stability and health of the development of the real estate industry is not only related to the protection of people's housing rights, but also the development of the real estate industry will lead to the release of more jobs and promote the realization of the goal of stable employment and steady growth.

Li Xiaobing urged high-quality private housing businesses to take the lead, fully utilize their own driving power, keep up with the pace of government programs, and support the successful attainment of numerous social and economic development goals in their respective regions.

According to this, Li Xiaobing said, Hengda Group will increase its policy attention in the future, cooperate with the implementation of the policy of stabilizing the property market, and on this basis, increase relevant publicity, actively cooperate to boost market confidence, and boost the industry's steady and healthy development.

Editor 丨Zhang Zhanqiang