New productive forces are still at the initial stage of development and are difficult to replace the domestic industry.

After reaching its peak in 2017, the Hong Kong property market began to gradually decline, with prices and transaction volume falling simultaneously. Although some restrictions were lifted in this year's Budget, some developers and property holders are still in trouble.

Therefore, banks and financial institutions started providing loans to debtors to help them cope with financial difficulties. Such measures help stabilize the market and promote economic development.

New productive forces are still at the initial stage of development and are difficult to replace the domestic industry.

In this case, the status of real estate becomes even more important. Domestic real estate is an important pillar of Hong Kong's economy and plays a key role in promoting the development of new productive forces.

Galois – Hong Kong 01

Internal real estate not only provides a large number of employment opportunities, but also promotes the development and modernization of the city. Therefore, maintaining the stability and healthy development of mainland real estate is crucial to Hong Kong's economy.

• The domestic real estate industry needs continuous innovation and improvement to meet market demand.
• The government should provide support and guidance to promote the sustainable development of the domestic real estate industry.
• At the same time, developers and investors should also pay attention to social responsibility and actively participate in public welfare undertakings.

In general, the status of real estate in mainland China is irreplaceable and crucial to the development of Hong Kong’s economy. Through continued efforts and cooperation, we can jointly promote the development of new productive forces and achieve economic prosperity and stability.