The 5th China Real Estate Financial Annual Meeting Held in Beijing

2009-10-30

October 15 -16,2009, the 5th China Real Estate Financial Annual Meeting, sponsored by CMBC, Real Estate magazine and SYS·WIN Brokerage, was held in Beijing.

Under the critical moment with skyrocketing property marketing, loose capital in the industry, withdrawing of economic stimulus policy, and when the full exploration of demands may cause future decrease of deals, and when developers feel hard to choose whether fight or defend, this annual meeting, with the topic of “Ready to Respond to the Great Changes”, has attracted 800 participants with leaders from real estate financial industry, as well as journalists.

Dong Wenbiao, Chairman of Board of Directors of CMBC and Hong Qi, President of CMBC delivered welcome speech on the first and second day of the meeting respectively. Leaders from CMBC office, Brand Management Department, and Banking Department attended the meeting. The Real Estate Finances Department of CMBC issued the 2009 Blue Book on China’s Real Estate Finances on the annual meeting.

Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, and Chen Huai, director of the Center for Policy Research, delivered speeches at the meeting, who talked about the situation, policies of the industry and the property development objectives during the “Twelfth Five Year Plan”, which broadened the vision and inspired the participants during the meeting. Ren Zhiqiang, Feng Lun, who are famous in the real estate industry, as well as famous individuals from Vanke, Beijing Capital Land, Tenhong Land, Star River Property, Road King Infrastructure and Powerlong Real Estate talked about hot issues, market development trend and responding policies of real estate companies and interacted with audiences. Their speeches and answers are applauded by the audiences. Wang Dongming, chairman of Board of Directors of CITIC, Shen Minggao, chief economist of Great China of Citibank, Wang Tao, chief economist of UBS securities in China, Peng Gang, business director in China of Merrill Lynch, as well as senior managers from other financial institutes such as CICC, UBS securities, Beijing International Trust, Ping An Trust, Zhongrong International Trust, and CMBC analyzed the macro situation, and predicted future economic direction. They talked about the path of real estate finance which turn from “foil” to “timely rain”, and analyzed the recent success stories in financing, which broadened the vision of the participating real estate companies and were well received.
Yang Yu, director of real estate finance of CMBC introduced the 2009 Blue Book on China’s Real Estate Finance and delivered a speech. The Blue Book is the first depth report on real estate finance market developed by commercial banks. The book is made up of five parts, namely, parts for Industry, Company, Finances, CMBC Real Estate Finance and Rating on Comprehensive Capacity of Listed Real Estate Companies in the middle of 2009. The purposes to launch the Blue Book are first of all, explore the long-term development road or healthy development road for China’s real estate and real estate financial market; secondly, explore the positioning and mission (or where the mission exists) of CMBC on the road. With rich information, original outlook and unique angle of view, the Blue Book devoted wisdom to the industry and was appraised by participants.

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