Ni Hong: The next key focus is the orderly establishment of basic systems such as real estate development, financing, sales, etc.

Minister of Housing and Urban-Rural Development Ni Hong: The focus of the next step is to orderly establish basic systems for real estate development, financing, sales, and other aspects. In terms of real estate development, we will implement the project company system, where the project company exercises independent legal person rights in accordance with the law, while the enterprise headquarters fulfills the responsibilities of the investors. It is strictly forbidden for the enterprise headquarters to illegally misappropriate project company funds, withdraw investment, or distribute dividends before project delivery, in order to ensure the closed management and dedicated use of project funds. Ni Hong stated that the next step will involve actively promoting the lead bank system in real estate financing, where one bank or bank consortium is designated as the lead bank for each project. Funds for project development, construction, and sales will be deposited with the lead bank, which will guarantee the project company's reasonable financing needs. In terms of commodity housing sales, we will promote the immediate housing sales system to achieve "what you see is what you get," fundamentally preventing delivery risks. For projects that continue to implement pre-sale, we will regulate the supervision of pre-sale funds, effectively safeguarding the legitimate rights and interests of homebuyers.