Recently, the Shanghai Stock Exchange (SSE) convened a symposium for real estate companies listed on the SSE. Eight representatives from these companies participated in the event - Poly Developments and Holdings Group Co., Ltd., Greattown Holdings Ltd., Zhuhai Huafa Properties Co., Ltd., Gemdale Corporation, Dima Holdings Co., Ltd., Shanghai New Huang Pu Industrial Group Co., Ltd., China Enterprise Company Limited, Beh-Property Co., Ltd., as well as two sponsoring institutions, Shenwan Hongyuan Securities and Sinolink Securities Co., Ltd. This symposium, guided by the China Securities Regulatory Commission (CSRC), is an important measure to implement the spirit of the Central Financial Work Conference, aiming to further support and promote SSE real estate companies to improve quality, resolve risks, and implement related policy arrangements of the "three major projects" - supporting the planning and construction of government-subsidized housing, renovating urban villages, and building public infrastructure for both normal and emergency use - through such way as financing and merger and acquisition restructuring.

At the symposium, the participating real estate companies acknowledged that the state has recently introduced a series of supportive policies for the real estate sector, which has led to a gradual improvement in the financing environment, thus building up positive elements. The scale of the real estate market remains stable, and companies are actively exploring new development models. However, they also highlighted the challenges they face in production, operations, as well as investment and financing. All parties need to continuously implement policy requirements and effectively address the issues faced by real estate companies at this stage. The participating companies presented suggestions and demands concerning equity financing and bond issuance, among others. Some sponsor institutions shared successful experiences of completing registration and issuance of equity financing with other real estate companies.

Moving forward, the SSE will continue to earnestly implement the decisions and arrangements made by the CPC Central Committee and the State Council to ensure stable and sound development of the real estate market. With guidance from the CSRC, the SSE will strengthen coordination with all stakeholders and treat different types of real estate companies equally to support their reasonable financing and merger and acquisition needs. Furthermore, the SSE will assist real estate companies in utilizing capital market tools, and proactively explore specific approaches for implementing projects such as the "three major projects" to promote the sound and stable development of the real estate industry.