Chengtou was originally a development company set up by the local finance bureau to get a piece of the action. Now the real estate development is cold, the developed buildings can't be sold, the funds can't keep up, and a lot of land can't be built.

Our city investment company went to the Shanghai Stock Exchange to issue bonds and is not optimistic about the future.

The best thing now is to streamline personnel, reduce the scale of personnel and sell the land that can add value. The house developed by the city investment should contribute to the local area, so the price should be lowered appropriately and sold. High housing prices limit the desire to buy. Rich people have owned three houses for a long time, and now officials have started to sell the real estate statistics. Those employees of Qingdao Lisan Group who have no money simply can't afford to buy a house.