Group 1 - The core viewpoint of the article highlights the joint efforts of Beijing's housing and urban-rural development committee, along with other departments, to strengthen online ecological governance and curb irregularities in the real estate sector [1] - A meeting indicated that certain self-media accounts have been disseminating negative information about Beijing's real estate market, spreading false information, and promoting fake listings, which disrupts market order [1] - As of December 12, under the supervision of relevant departments, various platforms have conducted self-checks and cleared over 17,000 pieces of illegal and harmful information, including shutting down more than 2,300 accounts and live streams that amplify market fluctuations and mislead expectations [1] Group 2 - The next steps involve continued collaboration among departments to maintain a "zero tolerance" approach towards online irregularities that disrupt the real estate market [1] - Internet platforms that fail to rectify issues and continue to infringe on public interests will face strict legal consequences, aiming to create a clearer online space [1]

Summary of Key Points Core Viewpoint - The company has approved a guarantee limit of up to 4 billion RMB for its subsidiaries' debt financing in 2025, with specific allocations based on their asset-liability ratios [2]. Group 1: Guarantee Overview and Approval - The company held board meetings on April 8 and May 13, 2025, to approve the guarantee for subsidiaries, with a total limit of 4 billion RMB for 2025 [2]. - The guarantee allocation includes up to 3.08 billion RMB for subsidiaries with an asset-liability ratio below 70% and up to 920 million RMB for those above 70% [2]. - Specific guarantees include 70 million RMB for Kunming Kunbai Property Management Co., Ltd., 10 million RMB for Kunming Baijia Commercial Co., Ltd., and 230 million RMB for Kunming Baijia Commercial Ltd. [2]. Group 2: Guarantee Adjustment Between Subsidiaries - The company plans to transfer 15 million RMB of unused guarantee from Kunming Baijia Commercial to Kunming Baijia Trade, increasing the latter's guarantee from 10 million RMB to 25 million RMB [2]. - This adjustment represents 0.16% of the company's latest audited net assets [2]. Group 3: Guarantee Progress - Kunming Kunbai Property and Kunming Baijia Trade intend to apply for a credit limit of 75 million RMB from Yuntou Commercial Factoring (Shenzhen) Co., Ltd., with a two-year validity [3]. - The company will provide joint liability guarantees and mortgage guarantees for the credit agreement [3]. Group 4: Basic Information of Guaranteed Parties - Kunming Baijia Commercial has total assets of 771.39 million RMB and net assets of 430.87 million RMB as of December 31, 2024, with a net profit of 4.14 million RMB for the year [5]. - Kunming Kunbai Property has total assets of 65.14 million RMB and net assets of 7.37 million RMB as of December 31, 2024, with a net loss of 2.49 million RMB for the year [8]. - Kunming Baijia Trade has total assets of 9.42 million RMB and net assets of 3.99 million RMB as of December 31, 2024, with a net profit of 0.13 million RMB for the year [9]. Group 5: Main Content of Guarantee Contracts - The guarantee contract includes a principal debt amount of 75 million RMB, covering various financial obligations [10]. - The guarantee period lasts for three years from the maturity of the main debt [11]. Group 6: Board Opinions - The board believes that providing guarantees supports the sustainable development of its subsidiaries and that the associated risks are manageable [16]. - The guarantees have been approved by the shareholders' meeting and comply with relevant laws and regulations [16]. Group 7: Total External Guarantees - The total balance of external guarantees after this transaction is 2.26 billion RMB, representing 24.03% of the company's latest audited net assets [18]. - The company has no overdue debts or guarantees related to litigation [17].

Core Points - Beijing's housing authority, along with other departments, has conducted a joint meeting with major internet platforms to address issues related to the real estate market and curb online chaos [1][2] - The meeting highlighted the presence of self-media accounts spreading negative information about Beijing's housing market, creating panic, and disseminating false information [1] - Platforms are required to conduct thorough self-inspections, remove illegal information, and establish a regular internal review mechanism for industry content [1][2] Summary by Sections - **Joint Meeting and Objectives** - The meeting involved platforms such as Douyin, Xiaohongshu, Beike, 58.com, Xianyu, Lianjia, Wo Ai Wo Jia, and Maidian to strengthen online ecological governance and curb real estate market chaos [1] - **Issues Identified** - Self-media accounts were found to be publishing and spreading negative narratives about the Beijing housing market, which disrupts market order [1] - **Actions Taken** - As of December 12, under supervision, platforms have cleaned over 17,000 pieces of illegal and harmful information and dealt with over 2,300 accounts and live streams that misled market expectations [2] - Lianjia, Wo Ai Wo Jia, and Maidian screened over 1.3 million online housing sources and removed over 480 non-compliant listings [2] - **Future Measures** - Authorities will continue to enhance collaboration and maintain a "zero tolerance" approach towards online chaos affecting the real estate market [2] - Platforms failing to rectify issues will face strict legal consequences to ensure a clear online environment [2]

Core Viewpoint - Beijing's housing market is facing scrutiny as multiple internet platforms are being urged to address the spread of misinformation and market panic related to real estate [1] Group 1: Regulatory Actions - Beijing's housing authority has conducted joint discussions with platforms like Douyin, Xiaohongshu, Beike, 58.com, Xianyu, Lianjia, Wo Ai Wo Jia, and Maidian to strengthen online governance in the real estate sector [1] - The meeting highlighted issues with self-media accounts disseminating negative narratives about Beijing's housing market, which disrupt market order [1] Group 2: Compliance Measures - As of December 12, under the supervision of relevant authorities, platforms have collectively self-checked and cleared over 17,000 pieces of illegal and harmful information [1] - More than 2,300 accounts and live streams that amplified market fluctuations and spread false content have been removed [1] - Lianjia, Wo Ai Wo Jia, and Maidian have screened over 1.3 million online housing listings, resulting in the removal of over 480 non-compliant listings [1]

Group 1 - The article highlights the joint meeting held by Beijing's housing and urban-rural development committee, along with other departments, to address the issue of misinformation and market disruption in the real estate sector [2] - It was reported that various self-media accounts have been spreading negative narratives about Beijing's real estate market, creating panic and disseminating false information, which severely disrupts market order [2] - As of December 12, over 17,000 pieces of illegal and harmful information were cleared from platforms like 58.com, Douyin, Xiaohongshu, and others, along with the removal of more than 2,300 accounts and live streams that contributed to market volatility [2] Group 2 - The authorities plan to continue strengthening collaboration and maintain a "zero tolerance" approach towards any online disruptions in the real estate market, aiming to create a clearer online environment [3] - Internet platforms that fail to rectify issues and continue to infringe on public interests will face strict legal consequences [3]

Group 1 - The Beijing Municipal Commission of Housing and Urban-Rural Development has taken action to strengthen online ecological governance and curb chaos in the real estate sector by conducting joint interviews with various internet platforms [1] - Some self-media accounts have been found to disseminate negative information about the Beijing real estate market, creating panic and spreading false information, which disrupts market order [1] - As of December 12, under the supervision of relevant departments, platforms such as 58.com, Douyin, Xiaohongshu, and others have collectively cleaned up over 17,000 pieces of illegal and harmful information [1] Group 2 - The next steps involve continued collaboration among departments to maintain a "zero tolerance" approach towards online chaos that disrupts the real estate market [2] - Internet platforms that fail to rectify issues and continue to infringe on public interests will face strict legal consequences [2] - The aim is to create a clearer online space by promoting positive voices and mainstream values [2]

Core Viewpoint - The article highlights the joint efforts of multiple departments in Beijing to address and regulate the spread of misinformation and chaotic practices in the real estate sector on various internet platforms, aiming to restore market order and confidence [1]. Group 1: Regulatory Actions - Beijing's housing authority has conducted joint discussions with platforms like Douyin, Xiaohongshu, Beike, 58 Tongcheng, Xianyu, Lianjia, Wo Ai Wo Jia, and Maitian to strengthen online ecosystem governance [1]. - The meeting emphasized the need for platforms to conduct comprehensive self-inspections, promptly remove illegal information, and establish a regular internal review mechanism for industry content [1]. Group 2: Compliance Results - As of December 12, platforms including 58 Tongcheng, Douyin, Xiaohongshu, and others have collectively cleared over 17,000 pieces of illegal and harmful information [5]. - More than 2,300 accounts and live streams that exaggerated market fluctuations, spread anxiety, speculated on policies, and disseminated false content have been removed [5]. - Lianjia, Wo Ai Wo Jia, and Maitian have screened over 1.3 million online housing listings, rectifying and removing over 480 non-compliant listings [5].

Core Insights - Multiple internet platforms, including Douyin and Xiaohongshu, were summoned by Beijing's housing authority to address issues related to the dissemination of false information and market panic in the real estate sector [1] Group 1: Regulatory Actions - Beijing's housing authority conducted a joint meeting with various departments to strengthen online ecosystem governance and curb irregularities in the real estate market [1] - The meeting highlighted that certain self-media accounts were spreading negative narratives about Beijing's housing market, creating panic and disseminating false information [1] - Platforms were instructed to conduct comprehensive self-checks, promptly remove illegal information, and establish a regular internal review mechanism for industry content [1] Group 2: Compliance and Cleanup Efforts - As of December 12, under the supervision of relevant authorities, platforms like 58.com, Douyin, Xiaohongshu, and others have collectively cleaned up over 17,000 pieces of illegal and harmful information [1] - More than 2,300 accounts and live streams that amplified market fluctuations and spread anxiety were removed, including those associated with misleading real estate content [1] - Companies like Lianjia, Wo Ai Wo Jia, and Maidian screened over 1.3 million online property listings, resulting in the removal of over 480 non-compliant listings [1]

微信编辑 | 小羊 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 本文字数：656，阅读时长大约2分钟 来源 | 长安街知事 据北京市住建委微信公众号"安居北京"17日消息，为切实加强网络生态治理，坚决遏制房地产领域 网络乱象，12月5日，北京市住房城乡建设委会同市委网信办、市公安局等部门，对抖音、小红书、 贝壳、58同城、闲鱼、链家、我爱我家、麦田等互联网平台进行联合约谈。 会议指出，部分自媒体账号存在在网络上发布和传播唱衰北京楼市、制造市场恐慌、散布不实信息、 虚假房源引流等违规信息问题，严重扰乱市场秩序。会议要求各平台立即开展全面自查，及时下架违 规信息、处置违规账号，并加快建立完善常态化行业内容内审机制。 截至12月12日，在相关部门督导下，58同城、抖音、小红书、闲鱼、贝壳等网站平台已累计自查清 理各类违法违规和不良信息1.7万余条；处置放大市场波动、贩卖焦虑、臆测政策、传播虚假内容博 取流量、误导预期促成交的违规 ...

Core Viewpoint - The Beijing government is taking strong measures to regulate the online real estate market, addressing misinformation and disruptive content that negatively impacts market stability [1][2]. Group 1: Regulatory Actions - On December 5, the Beijing Municipal Housing and Urban-Rural Development Committee, along with other departments, held a joint meeting with major internet platforms like Douyin, Xiaohongshu, and Beike to address issues related to misinformation and market panic in the real estate sector [1]. - The meeting highlighted that certain self-media accounts were spreading negative narratives about the Beijing real estate market, which disrupts market order [1]. Group 2: Compliance and Cleanup Efforts - As of December 12, under the supervision of relevant authorities, platforms such as 58.com, Douyin, Xiaohongshu, and others have collectively cleaned up over 17,000 pieces of illegal and harmful information [1]. - More than 2,300 accounts and live streams that amplified market fluctuations and spread false content were removed, along with over 100 non-compliant posts [1]. Group 3: Future Measures - The authorities will continue to strengthen collaboration and maintain a "zero tolerance" approach towards online disruptions in the real estate market, ensuring a clean online environment [2]. - Internet platforms that fail to comply with regulations and continue to harm public interests will face strict legal consequences [2].