Zhongxin Chengkai Zhang Guoliang: Suggests that Hainan should completely relax restrictions on property purchases.

The Sanya Financial Forum and the 5th Sanya Wealth Management Conference were held on December 27 in Sanya, Hainan. Zhang Guoliang, chairman of CITIC City Development and Operation Co., Ltd., pointed out that Hainan, especially Sanya, has opportunities for asset preservation and appreciation. Currently, the real estate industry is facing significant pressure, with inventory cycles exceeding 30 months in medium and above cities nationwide, meaning it will take nearly three years to digest existing housing stock, while Sanya only has a 9-month inventory. He believes that in the future, with population growth, policy changes, including facilitation of personal income tax, corporate income tax, and improvements in conditions such as healthcare, will drive overall economic development in Hainan. He suggested that Hainan should fully open up restrictions on property purchases, even lowering the threshold for foreign nationals who can contribute to the development of the Hainan Free Trade Port to buy real estate.