On October 11th, the State Council Information Office held a series of themed press conferences on "Completing the 14th Five Year Plan with High Quality". Ni Hong, Minister of Housing and Urban Rural Development, Dong Jianguo, Qin Haixiang, and Li Xiaolong, Deputy Ministers, introduced the achievements of high-quality development in housing and urban-rural development during the 14th Five Year Plan period and answered questions from reporters. During the 14th Five Year Plan period, the housing conditions of the people have further improved. Ni Hong, Minister of Housing and Urban Rural Development, presented a set of data at the press conference on the same day: the cumulative sales of newly-built commercial residential areas in China are about 5 billion square meters; Construct and raise over 11 million units (rooms) of various types of affordable housing, as well as resettlement housing for the renovation of urban villages and dilapidated houses, benefiting more than 30 million people. Moreover, during the 14th Five Year Plan period, more than 240000 old urban communities have been renovated nationwide, benefiting over 40 million households and 110 million people. At the same time, the pace of reform is also advancing. In the past five years, we have deepened reforms in the fields of housing and real estate, accelerated the construction of a new model for real estate development, improved the housing supply system, reformed and improved basic systems such as real estate development, financing, and sales, and established a new mechanism for the linkage of human resources, housing, land, and money, "said Ni Hong. Dong Jianguo stated that real estate work involves multiple factors, subjects, and departments, and is highly comprehensive, systematic, and complex. One of the important measures is to establish a linkage mechanism among the elements of "people, housing, land, and money". He stated that the stable and healthy development of the real estate market fundamentally depends on the allocation effect of the four types of resource elements: people, housing, land, and money. We guide various regions to formulate and implement housing development plans and annual plans as the starting point, determine housing demand based on population changes, scientifically arrange land supply, guide the allocation of financial resources, that is, to determine housing based on people, land based on housing, and money based on housing, and promote the balance of supply and demand and rational structure of the real estate market. ”Dong Jianguo said that last year and this year, various regions have already formulated and implemented annual plans for housing development. Currently, they are actively planning, scientifically analyzing, and formulating the "15th Five Year Plan" for housing development. Reforming and improving the system of real estate development, financing, and sales is an important component of accelerating the construction of a new model for real estate development. In response, Yan Yuejin, Vice President of Shanghai E-house Real Estate Research Institute, stated in an interview with Shanghai Securities News that the common "three highs" model in real estate development is no longer suitable for the current new situation and needs to be changed accordingly. In terms of real estate development, the project company exercises independent legal person rights in accordance with the law, and the enterprise headquarters fulfills investor responsibilities. Before project delivery, investors are strictly prohibited from illegally withdrawing funds from the project company's sales, financing, etc., and are strictly prohibited from withdrawing capital or early dividends. ”Dong Jianguo stated that in terms of real estate project financing, effective methods have been explored and formed in promoting the "guaranteed delivery of houses" work, which is to designate a bank or consortium as the host bank for a project, and deposit funds for project development, construction, sales, etc. into the host bank. The host bank guarantees the reasonable financing needs of the project company. Dong Jianguo stated that establishing a coordination mechanism for urban real estate financing, implementing a project "whitelist" system on a city by city basis, has effectively ensured the construction and delivery of commodity housing projects. Currently, the loan approval amount for "whitelist" projects nationwide has exceeded 7 trillion yuan. In terms of the sale of commercial housing, we will vigorously and orderly promote the sale of existing houses, achieve "what you see is what you get", and fundamentally prevent delivery risks; Continuing to implement pre-sales, standardize the supervision of pre-sale funds, and effectively safeguard the legitimate rights and interests of homebuyers. It can be seen that the reform and improvement of the real estate development, financing, and sales system, including the implementation of the project development company system, the determination of matching host banks, the establishment of urban real estate financing coordination mechanisms, and the effective and orderly promotion of existing housing sales. ”Chen Wenjing, Director of Policy Research at Zhongzhi Research Institute, stated in an interview with Shanghai Securities News that according to their institutional monitoring, relevant policies have been implemented in Xinyang, Henan, Jingmen, Hubei, and Shaoyang, Hunan since the beginning of this year, clearly promoting the sale of existing houses and safeguarding the legitimate rights and interests of homebuyers. Dong Jianguo stated that during the "15th Five Year Plan" period, the Ministry of Housing and Urban Rural Development will continue to closely cooperate with relevant departments, based on the urban connotation development and urban renewal scenario, implement various tasks of building a new model of real estate development, promote the formation of a new pattern of real estate development with a sound supply system, reasonable allocation of factors, standardized regulatory system, and stable industry operation, and promote high-quality development of real estate. (New Society)