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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.