China’s real estate situation continues to deteriorate. In order to control the real estate market bubble, the Chinese government has imposed stricter financing constraints. Coupled with the decline in real estate prices and the depreciation of RMB, real estate stocks suffered a sharp fall this week. The Shanghai and Shenzhen 300 real estate index, which measures the stock of mainland Chinese developers, fell 14% this week. The third quarter of this year is the time when real estate developers will pay the most pressure, and the related pressures and crises will emerge.