On behalf of Jiang Gong: The future of the home situation is in a state of anxiety

Speaker: Mr. Dai Jiangong, President of SouFun Holdings

Dear leaders, distinguished guests and friends of the media, Good afternoon. It is a great honour to have the opportunity to invite everyone to participate in the afternoon's new trend development forum to discuss the future development of the home industry. Last week I went to Australia to meet with one of the world’s top 500 CEOs. He just returned to Australia. After he came to Australia, he met with us for the first time. When he met us, he expressed his concerns about the global economy. . In addition, he also expressed concerns about the Chinese economy. As a global 500-strong CEO, he looked at the world economy and the Chinese economy from a macro perspective and expressed his own correct attitude towards the future of China’s economy. I think this worry has been shared by every one of us. This is also the purpose of holding this forum. We hope that through such a forum, we can answer some of your concerns.

I believe many people are investing in real estate, but what we have seen recently is that many people ask for check-out. Our developers have asked for land withdrawals. Many of us have become house slaves. What's worse is that many people have become negative assets. So how will our real estate develop and how do our homebuyers buy their homes? I believe this is a topic of concern to many of us, including many of our online users.

Looking at our home industry, this industry is more of a manufacturing-related company. Many of our companies face enormous challenges this year. Many companies in the Yangtze River Delta and the Pearl River Delta have suffered a lot. Therefore, I believe that many home-based companies and manufacturing companies present here should be very interested in the future trend of the Chinese economy and how we will take measures to cope with such a situation in the future. So today we will invite our famous developers in the industry, representatives of the famous manufacturing industry, and famous economists to answer these concerns for you.

When we launched this forum at SouFun, I believe that many people have some judgments about the economic situation in the future. But I believe this kind of judgment is ambiguous. We need to find a clearer path to solve our present situation. Some problems and difficulties faced. Yesterday, one of my classmates, who was doing export trade, was doing iron art . He had just exported some iron art to Australia sometime ago. But I don’t know whether people care about it or not. The exchange rate of the Australian dollar has changed very badly. A week ago it was around 6.2. In the previous two days, the exchange rate of the Australian dollar fell to 4.05. This is terrible, because my classmates are settled in Australian dollars. His profit space was originally 5% to 10%. This interest rate The fall has fallen to more than 30%, so his business is completely lossy. Under such circumstances, many of our import and export companies, many developers present, and many of the furniture companies that are present are supposed to do? I believe everyone is with doubts. So today SouFun has created such a platform, hoping that the explanations of guests and economists present here can answer our concerns. I said here, I think for a while more exciting dialogue and the theme speech of our economists, more worth the wait. thank you all!