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As a result, both transaction volumes and prices have stagnated recently and developers have been looking for ways to reverse the situation. Long-term leasing seems to be the answer and rental loans can help improve their cash flow, forcing them to rent out the 5,481 apartments, most of which had originally been intended for sale.

As a non-governmental and non-profit think tank and advisory body, it is designed to provide policy and legal consultation, as well as intellectual support to bolster trade and investment cooperation between enterprises of the two sides, and further deepen the China-CEEC cooperation.

As a global financial hub backed by the Chinese mainland, Hong Kong has been leveraging its unique advantages under the "one country, two systems" principle, Tan said, adding that the city has a flexible and stable financial system and a resilient capital market.

As a game changer, the new board is also the first submarket of China's capital market to adopt the registration-based initial public offerings mechanism, a core system of market-oriented reforms.

As for challenges, cutting overcapacity will be necessary for the long-term benefits of the economy. We support the government's deepening of supply-side structural reform. It is another step closer to sustainable development.