Over the years, housing has been a cornerstone asset for Chinese households, constituting about two-thirds of their total wealth. A significant price decline could lead to substantial wealth contraction, triggering chain reactions on the demand side. Meanwhile, the persistent fall in housing prices implies reduced value in critical financial collateral, impacting society's credit derivative ability and potentially causing systemic financial risks.
Despite being a historical driver of China's GDP growth, the real estate industry faces ongoing challenges, evident in recent national statistical data despite meeting economic growth expectations in 2023. This has hampered confidence among residents and businesses, failing to align with the economic recovery post-reopening. As we enter 2024, the struggling real estate market will continue to be one of the biggest drags on China economy. Looking ahead to this year, the central economic work conference's macro policies on last December regarding real estate seem to remain focused on risk prevention. Measures on both the supply and demand sides of the real estate market may continue, but in the overall context of relatively low inflation, the reversal of expected confidence, for both developers and buyers, relies not only on real estate industry policies but also on the strength of macro policies.
At this event, industry leaders and policy experts will join us to discuss the implications of China's recent policies for the property sector as well as the broader economy, and the feasibility of resolution strategies currently on Beijing's agenda. Join us to unravel how China's real estate can navigate current challenges.
Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please contact us.
Dr Zhao is a senior analyst at CICC Global Institute (CGI), focusing on researches in the Chinese economy and public policies. Dr. Zhao received the Ph.D. degree from the University of Pittsburg, majoring in Economics. Dr. Zhao started his career as an assistant professor at Fudan University and Xiamen University. Between 2009 and 2011 he worked as an economist at HKMA, focusing on research of China’s economy. He joined CICC research department as an economist in 2011. In 2015, he joined Nomura as the Chief China Economist. From 2021 onwards, Dr. Zhao has been working at CGI, publishing the research on long-term topics of the Chinese economy. Dr. Zhao has published several papers on Chinese academic journals such as Economic Research Journal, Journal of Financial Research, Management World. In 2017 Dr. Zhao has won the annual prize of the best paper by young economists from Economic Research Journal.
Daniel works with a team of more than 40 researchers across 12 offices in China to cover the office, retail, residential, and ind ustrial pr operty sectors in the key cities in mainland China. He is responsible for writing and coordinating JLL’s regular research publications, and focuses on tracking and analyzing government policies and economic data and updates internal and external clients o n the implications of related economic or policy changes. As a key advisor to property investors and developers, he looks after JLL’s market leading real estate research service in China: Real Estate Intelligence Service (REIS) and Logistics Inte lligence S ervice (LIS). He has extensive experience in providing real estate advisory and consulting services to both international and Chinese developers, investors and corporates.
Daniel joined JLL’s Research team in Shanghai in 2007, bringing with hi m his in depth experience in market research and development consultancy studies. Throughout his career, Daniel has participated in numerous project feasibility studies.
Mr. Samuel Hibel (CPA) has over 25 years of experience in key management positions in different sectors and various geographical locations, and in the last 17 years has been focused in the real estate sector.
Before joining Kardan Land China, he had worked as the CEO of a Public Real Estate Development Company traded in London Stock Exchange which had more than 10 projects under construction in Europe at that time. In addition to the ongoing activities of the Public Company, he served as a director of all the 35 related companies with personal responsibility and deep involvement and understanding in the business of each company, before and during the Global Financial Crises (2007 - 2010).
Samuel has been working in Kardan Land China Group since June 2010 and in September 2018 was promoted from the position of CFO to the CEO. During this period led many financing/re-financing transactions and has been deeply involved in the daily operation of the Group. He had also participated in many key strategic transactions such as: sale of 50% of a shopping mall in Chengdu to Australian RE Fund-MGPA and the sale of the remaining 50% to BlackRock. Since his appointment as the CEO Samuel had led a turn-around in the operation and performance of Galleria Dalian (a big shopping mall in Dalian) with constant improvements.
Partner in the Corporate, Real Estate and Infrastructure team at Zhong Lun Law Firm
Mr. Yilin Huang is a partner in the Corporate, Real Estate and Infrastructure team in Zhong Lun Shanghai office.
Mr. Huang is a 15 years corporate and M&A lawyer. Before joining Zhong Lun as a partner, he worked at the international law firms including Clifford Chance and Herbert Smith Freehills for a decade. He has been advising clients on cross border mergers and acquisitions, private equity and venture capital financings, equity and cooperative joint ventures, and complex commercial arrangements in China. Mr. Huang specializes in market sectors including Real Estate, Infrastructure, Power Renewables, Environment and New Energy businesses. Until very recently, with the growing popularity of cybersecurity and data security in the PRC. Mr. Huang has also shifted a portion of his practice to this newly developed sector.
Director, Beijing of The Economist Intelligence Corporate Network
Robert Xiao is the Director of the Economist Intelligence Corporate Network (EICN) in Beijing. He is responsible for engaging in high-level dialogues with business and political leaders, providing insights on global macroeconomic trends and policy directions for Fortune 500 decision-makers to support their macro layout and business development in domestic and international markets.
Prior to joining EICN, Mr Xiao held positions as a lecturer, senior lecturer, PhD supervisor, and Deputy Director of the Impact Finance Hub at Monash University and Deakin Business School in Australia. His research mainly focused on the fields of corporate social responsibility, corporate governance, and economic and financial policy analysis related to the Chinese and US markets. He has authored multiple publications in Financial Times Top 50 Journals and been awarded major research grants jointly by the Academy of Social Sciences in Australia and Chinese Academy of Social Science.
An educator at heart, Mr Xiao has always maintained a passion for tertiary teaching. He has more than a decade of experience teaching business courses, including Master of Business Administration (MBA), Master of Finance, and Bachelor of Commerce programmes at leading universities.
Mr Xiao obtained his Ph.D. in Finance from Monash University and graduated with honours (B.Com. Hons) from Monash Business School in 2008 as the highest-achieving student in his cohort. He has won multiple awards from Australian universities, including the Australian Postgraduate Awards granted by the Australian Federal Government.
The Economist Intelligence Corporate Network (EICN) is the Economist Group’s executive briefing and networking service that runs a regular programme of closed-door events for senior-level executives seeking deeper insight into economic and business trends.
EICN’s mission is to help senior executives interpret how macro-level changes will impact on a micro-level in their firm and industry.