National Committee of the Chinese People's Political Consultative Conference (CPPCC) member and Chairman of the Xiangjiang Group, Zhai Meiqing: Stabilizing the real estate market means stabilizing confidence and ensuring the stability of the people's "wallets".

"The stable real estate market is the key prerequisite for rebuilding residents' confidence in consumption. If housing prices stabilize, the wallets of ordinary people will also stabilize, and confidence in consumption will return." This is the core view of Zhai Meiqing, a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the Hong Kong Group, in his proposal at this year's National Two Sessions. Zhai Meiqing brought a proposal titled "Suggestions on Empowering the Real Estate to Stabilize the Market, Boost Confidence and Activate Consumption Potential, and Smooth the Inner Circular Economy", starting from the four dimensions of stabilizing expectations, reducing burdens, destocking, and building mechanisms, and using a combination of measures to stabilize the real estate market, laying a solid foundation for economic recovery. Zhai Meiqing believes that the real estate industry and its related industries are not only pillars of the real economy but also carriers of people's livelihood guarantees. The current phase of adjustment in the real estate market, although causing some pressure on economic growth, is not a "drag", but a "normal phenomenon" of the industry transitioning to high-quality development. Fundamentally, this is because the real estate sector is broad-reaching, affecting both household wealth expectations and the development and stability of upstream and downstream industries.