Hu Gang of China CITIC Bank: Risks in the real estate market are still emerging in the short term

On August 25, Hu Gang, vice president of China CITIC Bank, said at the 2023 semi-annual performance conference that, judging from the current situation of the real estate market, policy aspects Optimization and adjustments have been implemented, policies have been greatly optimized and adjusted. However, from a market perspective, overall sales fell short of expectations and regional polarization was relatively serious. “In the long run, real estate is still the pillar industry of China’s national economy, and the industry will continue to develop healthily in the future”, said Hu Gang. In the short term, risks are still emerging and being investigated.