Ruizi Technology is about to join the China REITs Alliance

On the afternoon of October 27, Mr. Wang Gang, Secretary General of the China REITs Alliance, visited Ruizi Technology, exchanged views with Ruizi Technology CEO Liu Jian and the Ruizi team, and conducted research on the acceptance of Ruizi Technology into the China REITs Alliance.

The China REITs Alliance was established in 2014 and has signed a comprehensive strategic cooperation agreement with the world's three largest REITs industry associations: the National Association of Real Estate Investment Trusts (NAREIT), the Asia Pacific Real Estate Association (APREA), and the European Listed Real Estate Association (EPRA). The alliance is composed of real estate companies, financial institutions, intermediary institutions, and academic institutions. Currently, it includes dozens of member units such as Minsheng Bank, E Fund Asset Management, Yuexiu Real Estate Trust, Sinosure Fund, China Resources Trust, Tsinghua Real Estate Research Institute, Junhe Law Firm, Tianhong Real Estate, and Jinke Real Estate.

Ruizi Technology is a newly established financial technology company in May 2016. Its CEO, Mr. Liu Jian, has more than 20 years of experience in real estate finance. He was formerly the Chief Operating Officer of UBS Group's Global Real Estate Business in Greater China and has a profound influence in the industry.

Liu Jian gave Wang Gang a detailed introduction on Ruizi's product technology direction, business model, and mid- and long-term planning, and conducted an in-depth discussion. Wang Gang thought that "this is a very interesting idea. If it can be realized, it will generate huge social and economic value."

When talking about the concept of decentralization and supervision on the Ruizi Chain, he said that the so-called asset issuance committee on the Ruizi Chain is to escort all investors with the rigor and experience of industry experts, and become a firewall to protect the interests of investors. Only by protecting the interests of investors can the value of the platform be truly realized. At the same time, he pointed out that this mechanism needs to be further improved, and the responsibilities and interests of the committee members need to be clarified, and the supervision of all permissions from the blockchain mechanism itself, and the supervision and checks and balances in the process of power execution, need to be clarified. After learning that blockchain technology has made a huge leap for enterprises from not doing evil to not being able to do evil, he smiled and said: "This requires subverting many ways of thinking about problems."

He also talked about,

Real estate financial securitization is a truly mature financial product. Unlike P2P, an Internet innovation that focuses on risk control, REITs itself has good security and value preservation. Ruizi Company is not innovating in the financial field. On the premise of financial product safety and compliance, it is making technological innovations in equity records, system maintenance, transactions and dividends, which greatly reduces technology costs, trust and circulation costs. This model can introduce more channels of support for REITs, an excellent and stable financial product.

Finally, Wang Gang said that the China REITs Alliance is willing to accept Ruizi Technology as its executive director unit, and work together to promote the development of China REITs. He hopes that Ruizi Technology's products and platforms will better provide services and financing platforms for all members of the China REITs Alliance.