This policy contains a total of sixteen articles, which is why it is also known in the industry as the "sixteen articles" on financial support for real estate.

After the New Year's Day, the Henan provincial government issued the "Notice on Distributing Good Policies and Measures to Vigorously Boost Market Confidence and Promote Economic Stability," which requires all localities to be guided to steadily implement a long-term mechanism for the steady and healthy development of real estate, to fully implement a series of policies including 16 financial supports, and to encourage all localities to support the purchase of houses by talented people and the reasonable housing consumption of urban and rural residents through the issuance of purchase vouchers, purchase subsidies, deed tax subsidies, etc.

Li Xiaobing said that it is suggested that relevant departments should take effective measures together with financial institutions as soon as possible to encourage the implementation of relevant policies in the real estate industry so as to benefit high-quality housing enterprises in Henan Province.

Li Xiaobing further recommended that the relevant departments of Henan Province take the initiative to compile the issues and recommendations of the real estate enterprises in all regions of the province, report them to the higher authorities, and continue to optimize the pertinent policies of the current real estate market in accordance with the pertinent issues, in order to support the healthy development of the real estate market in our province.

The government annual report mentions that it is necessary to strengthen policy support, cultivate a group of outstanding private entrepreneurs with entrepreneurial spirit, form a large number of outstanding private enterprises with extremely competitive power, and promote the great development and prosperity of the private economy.

To honor excellent (outstanding) private businesses and outstanding (outstanding) private entrepreneurs in Henan Province, a provincial conference on high-quality development of the private sector was conducted not long before this year's two provincial conferences.

Li Xiaobing said that as a private enterprise that has been working hard in the Xuchang market in Henan for 30 years, Hengda Group is very excited and will do its best to stabilize the real estate market in Xuchang and promote its healthy development.

The reporter noted that the government annual report also proposed to "comprehensively promote consumption growth", "make solid progress in the construction of beautiful villages", "accelerate the new urbanization", "organize and implement the rural construction activities", "promote the urbanization construction with the county seat as the main carrier", "build livable cities, renovate 380,000 old urbanized residential areas and 270,000 new housing units which were built for shantytown residents".

Li Xiaobing said that as a representative from the private real estate industry, the relevant policies and arrangements have provided significant development opportunities for private real estate enterprises in our province. Hengda Group should make great achievements in the process of urban and rural development in our province, actively participate in the construction and development of urban and rural areas in Henan, and cooperate to promote the implementation of relevant policies.

The reporter noted that since 2018, the state has issued relevant policies to encourage real estate enterprises to reduce their leverage and debt in order to promote the healthy development of the entire industry.

"The Company carefully considered the regulations and actively followed the government's pace in order to lower company leverage and debt while focusing more on the accomplishment of houses. Finally, the Company established a solid foundation in the face of industry changes and produced reasonably positive outcomes, creating the groundwork for effectively collaborating with government programs in the upcoming year." said Li Xiaobing.

"The goal of the government's economic policy is to accomplish the healthy development of the social economy and ensure the stable functioning of the economy." Li Xiaobing asserts that private housing businesses should support the implementation of governmental policies, actively modify their own development plans, and welcome new prospects for policy development.

Founded in 1992, Hengda Group has now developed into a comprehensive enterprise group focusing on real estate development, integrating business operations, property services, fabricated residential buildings, construction and other businesses, with national first-class real estate development qualification. Hengda Group (Holdings) Co., Ltd., formed by the Group's real estate business integration, was listed on the Main Board of the Hong Kong Stock Exchange in November 2018.

The Xuchang urban area, Yuzhou, Changge, Yanling, Xiangcheng, as well as the provincial capitals of Zhengzhou, Xinyang, Luohe, and other places, are currently included in the real estate development region. As of November 2022, 73 projects had been completed, and more than 11 million square meters of land were still undeveloped, being developed, or in the process of being developed.

Hengda Group is a "veteran" of the real estate industry and the largest real estate enterprise in Xuchang. As the leader of Hengda Group, Li Xiaobing has a profound understanding of the marketization and healthy development of the real estate industry.

"The high land price is not a feature of a healthy property market, and they occasionally impede the market's regular growth." According to Li Xiaobing, the stability and health of the real estate industry's development are not only tied to the preservation of the people's housing rights, but also to the release of more jobs and the promotion of the accomplishment of the objective of stable employment and growth.

Li Xiaobing appeals that high-quality private housing enterprises should take the initiative to play their leading role and keep up with the pace of government policies so as to effectively achieve multiple social and economic development goals in the region.

Li Xiaobing stated that in light of this, Hengda Group will continue to focus more on policy, assist with the implementation of the policy of stabilizing the real estate market, and on this basis, intensify the relevant publicity efforts, actively work to increase market confidence, and support the steady and healthy development of the sector.