In order to curb the capital bubble, the property market regulation and control efforts have been continued to be intensified, with the relevant departments tightening the financing channels for developers. For Anbound research team, the determined effort of the Central Government to cool down overheated property market shows that housing financing channel tightening trend would be difficult to change in the short term. It is likely that next year the central authorities will further strengthen the intensity of the control. In addition to this, the policy of restricting property purchase will cause the market to experience further slowdown next year. All these make property companies having a tougher time next year, and many "land kings" would prefer to transfer the equity or cooperate with others to develop the land in order to reduce the risks, while some medium or small developers will inevitably disappear in the industry consolidation.