Mr. LIU Hongyu is currently a professor in real estate and construction, the Director of the Institute of Real Estate Studies and an Associate Director of the Institute for China Sustainable Urbanization at Tsinghua University. His researches concentrate on real estate economics, real estate investment and finance, housing policies and land management. He is the Chairperson of the Specialist Committee of Housing Policy, a vice president of the China Institute of Real Estate Appraisers and Agents, and a director of the International Real Estate Society and the Global Chinese Real Estate Congress. He is also a Hon. Professor of the University of Hong Kong, Fellow of the Asian Real Estate Society (past president).