The Central Economic Work Conference proposed that in 2023, we should ensure the stable development of the real estate market, do a solid job in ensuring the delivery of buildings, people's livelihood and stability, meet the reasonable financing needs of the industry, promote industry restructuring and mergers and acquisitions, effectively prevent and resolve the risks of high-quality real estate enterprises, improve the asset liability situation, and resolutely crack down on illegal and criminal acts in accordance with the law. We should implement policies according to the city, support the demand for rigid and improved housing, solve the housing problems of new citizens and young people, and explore the construction of long-term rental housing market. We should adhere to the positioning that houses are used for living, not for speculation, and promote the smooth transition of the real estate industry to a new development model. The above statement has aroused social concern. The real estate market in China is developing steadily and healthily. At present, it is facing the important task of stabilizing the real estate market. In the medium and long term, it is facing the problems of industrial transformation and upgrading and exploring new development models. The healthy development of the real estate market can promote domestic demand by supporting rigid and improving demand, can supplement the supply shortage by developing high-quality commercial housing, housing rental market, housing security and urban renewal, can stabilize expectations by stabilizing the market, promote investment and consumption, and speed up the construction of a new development pattern with domestic and international double cycles as the main body and promoting each other. At present, it is urgent to prevent and resolve the economic fluctuations and financial risks caused by the fluctuations in the real estate market. From January to November 2022, the sales area of commercial housing in China fell by 23% year on year, and the transaction price fell, triggering a series of risks. To control and resolve these risks requires demand-side efforts to support the demand for rigid and improved housing; We need to make efforts at the supply side, give play to the leading role of leading enterprises, promote industry restructuring and mergers and acquisitions, and restore production capacity; The financial sector needs to make efforts to restore the financing channels of real estate enterprises and restore the liquidity of the industry by using the staged credit policies and special loans for guaranteed buildings; It needs the power of policies, fiscal and tax policies to support the purchase of houses for replacement, financial policies to reduce the cost of housing for residents, and support the normal production and operation activities of real estate enterprises; We need to crack down on illegal and criminal acts such as misappropriation of regulatory funds and capital flight in accordance with the law, prevent the spread of risks and rebuild market confidence. In 2022, China's urbanization rate will be 65%, and will rise to about 80% in the future. There is still much room for real estate demand to grow, and it will continue to play a role in protecting people's livelihood and promoting development. In terms of protecting the people's livelihood, we should standardize the development of the long-term rental housing market, develop affordable rental housing and housing with common property rights to solve the housing problems of new citizens and young people, and strengthen community renewal to improve the living quality; In terms of promoting development, we should encourage residents to expand housing consumption, support rigid and improved demand, and support consumption upgrading such as rent replacement and selling old for new; In terms of production, we will increase the supply of commercial housing with short boards such as rental housing and high-quality production and living housing, and increase the development and application of new products such as smart home. Promote consumption and investment through the linkage between supply and demand, and promote economic development and social harmony. In the medium and long term, the real estate industry needs to transform and upgrade and explore new development models. The total supply and demand of real estate in China is basically balanced, but there is a structural shortage. It is necessary to introduce policies to support the transformation and upgrading of the real estate industry, encourage mergers and acquisitions and business transformation of enterprises, and shift from real estate development and sales to leasing operation and property management