Intern

When I first encountered the analysis of China’s real estate industry, my work mainly focused on basic data collection and chart creation. But as the research deepened, I gradually realized that the real value lies not in the accumulation of data, but in grasping the key driving factors of the industry. Through continuous tracking of the “Three Red Lines” policy, I began to understand how policy regulation reshapes developers’ financing behaviors and its far-reaching impact on upstream and downstream industry chains.

Initially, my focus was limited to financial data and product parameters. But under the guidance of the team, I learned to examine issues from an investor’s perspective: Is the technological barrier high enough? Is the business model scalable? Does the market penetration strategy match industry trends? This shift in thinking gave me a more three-dimensional understanding of enterprise value assessment.

The most memorable experience was preparing a two-hour presentation: from the initial information organization to the final logical structure, the entire process gave me a profound appreciation for the rigor of professional research.

Every data point needs to be repeatedly verified, and every conclusion needs to be demonstrated from multiple angles. During the preparation process, I constantly challenged my own blind spots: Is this assumption reasonable? Are there any risk factors being overlooked? What are the alternative explanations?