On July 9 to 12, 2017, the 2017 AsRES and GCREC Joint Conference was successfully held in Taichung City, Taiwan. SPEA Investment Department 8-personTeam attended the whole process and won two awards.
Asian Real Estate Society (AsRES) was established in 1996 with an aim to produce and disseminate real estate related knowledge with particular emphasis on Asia. Starting with 60 founding members, AsRES has grown rapidly. In a short period, AsRES has established her presence in Asia by holding conferences in Hong Kong, Taipei, Hawaii, Beijing, Tokyo, Seoul, and Singapore.Global Chinese Real Estate Congress(GCREC), aiming to promote Chinese research, education, and development in real estate and relevant industries, is a non-profitable and non-political academic organization, registered in Macao and using Chinese to hold seminars in member cities. GCREC was initiated in 2007 by professors from Tsinghua University, Peking University, Renmin University of China, Zhejiang University, Shanghai University of Finance and Economics, Tongji University, East China Normal University, Chinese University of Hongkong, National Chengchi University, deciding to hold inaugural meeting in SUFE(2008), and hold annual meeting in Renmin University of China(2009), National Chengchi University(2010), Zhejiang University(2011), Macao University(2012), Peking University(2013), Nanjing University(2014), Integrated Financial Engineering Group and JHU Carey School(2015), and Zhejiang University of Technology(2016). Each meeting was grand, invited heavyweight guests, and attracted hundreds of scholars, students, and professionals.
The Joint Conference was held by Chinese Society of Housing Studies(CSHS). CSHS was established by real estate scholars and experts in 1990, focuses on real estate research and development in Taiwan, combing industry, government, and universities, promotes policy suggestions.
This conference invited 2013 Nobel Economic Prize Winner Professor Robert J.Shiller as keynote speaker in opening ceremony. Taichung City Mayor Lin Jialong, Taiwan Financial Holding President and Taiwan Bank President Mr. Lv Jucheng, and several distinguished guests made speeches and lectures in the meeting.
This conference gathered more than 300 real estate top scholars, graduates, professionals, and officers worldwide, and constitutes of sub-forums on International real estate investment, Big Data and smart city, supply-side and demand-side reform, Real estate and finance innovation, Real estate policy suggestion, Urban economics and real estate transformation and upgrading, Land development and habitable environment, Architectural aesthetics and creative marketing.
SPEA Investment Team has 8 members, which led by SPEA party secretary Associate Professor Fang Fang and investment department director Professor Chen Jie, and consisted of 2017 Graduated PhD Zhou Qian(now post-doctor in Shanghai Development Institute of Financial Institute), and PhD students Gong Bing, Zhang Yanyan, Zou Jing, Wang Wei, Chen Zhuo. Each member had at least one academic lecture in the conference, while Secretary Fang Fang and Professor Chen Jie made several keynote speeches and host several sub-forums. Secretary Fang Fang and Professor Chen Jie are both council members of GCREC and shouldered some organization work, while Professor Chen Jie is review committee member in the final stage of top essay selection. Secretary Fang Fang and Professor Chen Jie also made report on SUFE’s preparation work of 2019 annual meeting which would be hold in SUFE. Professor Chen Jie attended the council discussion as the new council member of AsRES.
Photo: (From Left 2 to Right) PhD student Zou Jing, Secretary Fang Fang, Professor Robert J.Shiller, Professor Chen Jie, Zhou Qian
Photo: (From Left to Right) PhD student Gong Bing, PhD student Zhang Yanyan, PhD Zhou Qian, Professor Chen Jie, Secretary Fang Fang, PhD student Wang Wei, PhD student Zou Jing, PhD student Chen Zhuo
SPEA Secretary Fang Fang made keynote report Shanghai Public Renting House Rent Price Research based on Integrated pricing model---- take Huahong Yuan project as an example on Social Housing and Affordable Housing sub-forum.
SUFE Investment department director Professor Chen Jie made keynote report Current status and reform suggestion of China Mainland Real estate tax system on Effect of Real Estate Tax System: comparison on international experiences sub-forum.
Doctor Zhou Qian made a lecute on Urban Scale and productivity in GCREC PhD Forum. Instructed by Professor Chen Jie, she finds the non-linear curve relation between urban scale and productivity based on prefecture level cities panel data during 2000 to 2013, and studies from multiple perspectives to reach beneficial policy suggestions to the health development of China cities. The essay is awarded GCREC Best Real Estate PhD Dissertation Second Prize with USD 700. The award reflected the high quality of SUFE investment department’s PhD training.
Doctor Zhou Qian made a lecture on Urban density, Industrial structure and productivity in academic discussion. Cooperated with Professor Chen Jie, she finds that urban density has remarkable influence on the relation between urban scale and productivity, and with the industrial transformation from second industry to third industry, urban density is benefit to promote gathering economy and scale economy. The essay is awarded GCREC Best Essay Third Prize with RMB 2,500.
Investment Department PhD student Wang Wei made a lecture on Economic incentive and settlement intention of rural migrants in academic discussion. Cooperated with Professor Chen Jie, she finds that economic incentive has remarkable positive influence on settlement intention of rural migrants, and the effect is marginal diminishing.
Investment Department PhD student Chen Zhuo made a lecture on Market Structure and Housing Price. Cooperated with Professor Chen Jie, he finds that the development of housing renting market has remarkable negative influence on housing price, and the effect is mainly reflected in eastern cities.
Investment Department PhD student Zhang Yanyan made a lecture on How the State-run Housing Finance System Affects the Urban Landscape in China: The Case of Housing Provident Fund in academic discussion. Cooperated with Professor Chen Jie, she finds that participants of Housing Provident Fund are more likely to select a nearer position to downtown, and the effect is more remarkable in low-incomers.
Investment Department PhD student Zou Jing made a lecture on Settlement intention of returning home, subjective social status and residential choice of migrant household in academic discussion. Cooperated with Professor Wang Hongwei, she finds that migrant household with strong settlement intention of returning home are more likely to rent a house and live in regularization communities, while migrant household with high subjective social status are more likely to buy a house and live in non-regularization communities.
Investment Department PhD student Gong Bing made a lecture on Factor input market value calculation of Affordable housing construction during 2009 to 2015 in academic discussion. Cooperated with Professor Yao Lingzhen, he calculated total government capital input of affordable housing construction in all levels, and concludes that the total capital is around 16.6 trillion.
SUFE investment department attending high standard international conference and winning awards, continues their style of high starting point and international development, and marks that SUFE investment department reaching a new level in discipline construction and talent training.
GCREC 2018 annual meeting will be held by University of Chinese Academy of Sciences in Urumchi, Xinjiang, while 2019 annual meeting will be held by SUFE with Vice President Yao Lingzhen as rotating chairperson. As council members, SPEA Secretary Fang Fang and Professor Chen Jie made report on their preparation work. Our team attending this meeting is a good opportunity to observe and learn the organization work. SUFE investment department sincerely expects widely support and warm welcome all the friends.
Article: Chen Zhuo Review: Chen Jie, Fang Fang