On the afternoon of October 20, 2016, Bozhi Macro Forum was successfully held by the CDRF to discuss how to look at the housing bubble. Chen Huai, former director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development, Yan Xudong, president of Yunfang Data, and Zhang Zhizhou, general manager of DH Fund Management, delivered keynote speeches respectively. Experts from the National Development and Reform Commission, the Development Research Center of the State Council, the Academy of Social Sciences, Vanke Group, Mizuho Securities and PwC exchanged views on the topic.