Vanke: The housing market has fallen seriously, and relevant policy support is urgently needed

At Vanke Group’s 2023 interim results meeting on August 31, regarding the current situation of the real estate market, Yu Liang, Chairman of the Board of Directors of Vanke Group, said that the market has clearly fallen too far and they hope relative policy support will take effect sooner. By virtue of that, the market can return to a healthy level. They also look forward to specific measures such as stock revitalization being introduced as soon as possible. He believes that with the efforts of all parties, as the economic situation continues to stabilize and improve, the real estate industry will eventually return to healthy development.