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Ordinary Resolutions 3.1 To consider and approve the 2020 Report of the Board The text of the 2020 Report of the Board is set out in the section headed Report of the Board of Directors in the 2020 Annual Report. The 2020 Report of the Board was considered and approved by the Board on 10 March 2021 and is hereby proposed at the Annual General Meeting for consideration and approval. 3.2 To consider and approve the 2020 Report of the Supervisory Committee The text of the 2020 Report of the Supervisory Committee is set out in the section headed Report of the Supervisory Committee in the 2020 Annual Report. The 2020 Report of the Supervisory Committee was considered and approved by the Supervisory Committee on 10 March 2021 and is hereby proposed at the Annual General Meeting for consideration and approval.
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Chinese Management Companies are Suddenly Hot Property
One niche segment of China’s unloved property sector still has the government strongly in its corner By Jan. 11, 2021 5:50 am ET
The post-pandemic year is shaping up as a tricky one for Chinese companies in the great real-estate game at least the building part of it. Companies managing existing buildings, on the other hand, are suddenly shaping up as hot property themselves.
The MSCI China Real Estate index fell 16% last year as state media reported a new “three red lines” policy for home builders, new regulatory benchmarks for financial health, with the aim of controlling excessive debt. One niche segment of the industry, however, apparently still has the government in its corner. Ten government bureaus released policies last week supporting the property-management industry, including broadening service scope and more market-based pricing.