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2005 Annual Meeting -- Dr. Xueguang statements made

NAIHIA

                    

                                    Dr. Xu, Stanley.  Yaguang  speech at the meeting


National Association of Industry and the Housing Industry Association All-China Federation  of Industry and the majority of its member enterprises in all sectors of concern and support, work can get under way, particularly in the implementation of national macro-control policy, Association give full play to the government and enterprises of a role in linking, five times through the relevant channels to the central authorities offer advice and suggestions to reflect the voices and industry, the health of the industry. Sustainable development is playing an increasingly important role in the industry and social consensus. Nationally-known real estate business representatives, government representatives, journalists come together to jointly discuss the development prospects of real estate in China. Sina property as the Annual Meetings a network of support for the Annual Meetings a full report. Following is a statement by Dr. Xueguang Record.   Xueguang : very grateful to the president for giving me Nie such an opportunity for everyone to talk about the property of the United States. I would like to mention briefly about my own situation, in 1977 I was admitted to the Beijing University of Aeronautics and Astronautics study aircraft manufacturing expertise, Then read the Graduate in 1984 to the civil aviation designer doing work for more than four years, 1988 to the United States to read Aeronautical Engineering Ph.D., my doctorate with no economic relations, 92 after graduation coincided with the U.S. economy is sluggish, I could not find work everywhere. I made a work of 300 to 400 applications for information, no one to give me a call, no interview opportunities, Later, I would like to fend for themselves, I wanted to do international trade, because some of my friends in civil aviation system, to do some business. When, in 1996, I bought a 81 unit apartment have bought time to build a 15, 81 inside the owner, then bought a lot of my friends, after very strange. rich people some credit car, buy a big house you live, you buy these apartments do? He said his schoolmates President of the Bank of China. I said I have no way of answering that, I feel a lot of rich people of the United States his money from real estate investments by the. What is the investment philosophy? I probably out for a moment, the general we can do on these investment projects. Stocks, bonds, mutual funds, precious metals, real estate, bank deposits, the sequence is based on my personal understanding, According to the investment risk of descending order of arrangement, shares the highest risk, as we all know, the former existence of the lowest-risk bank, minimum interest, as we all know. Real estate as a financial investment, in many risk is the lowest in the world, the United States has what real estate investment characteristics, I say simply.  One is land, and the second category of industrial space, the third independent housing, the fourth category of apartment property, just like everyone at home live in a house, a building with 100, and each has its own branch of a 100, Each has its own property, this form of property in the United States called CONDO, I called property rights translated into apartments. Fifth office, the sixth category of commercial retail property category, such as Wal-Mart, the retail business is commercial property. Category VII apartments, apartments and the fourth category of apartment property what's the difference? For example, the floor of one hundred, one hundred to a company or to an individual of all, or to a fund of all, We emphasize the real estate trust fund to the fund, rather than to 100 separate individuals all, live 100 people, all tenants, the rent will not sell this thing. I think the more difficult to manage from the top down, such as hotel management is difficult, the minimum land management more difficult, not management, Relatively speaking management difficulties, the return on investment is also increasing. End developers build houses to sell personal or sell large group, the company. The third category is real estate investment company, which is the largest, also has the largest number of funds, These people do not engage in land development, there has been no construction, they have done is the late real estate management, value added, NIE is the president speaking part of the follow-up operation. This part of many investment companies sub-category, it was bought specialized business, it was bought specialized office, it was specialized in the apartment. Another type of real estate investment trusts, it is to say REITS. There is a lot of property management companies, the United States had, for example, just the hotel, or just apartments, is the professional management company, it did not have property rights, they will be responsible for management.

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