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Is the financial industry the upper, middle and lower reaches of the real estate industry chain?
Upstream. In the real estate industry chain, the financial industry usually stays upstream, because it plays the role of providing financial support for the real estate market and providing financing services for real estate development, construction and transactions. In the real estate industry chain, the upstream link mainly includes land acquisition, planning and design, the middle link involves construction, and the downstream link includes sales and property management. The financial industry usually runs through the whole industrial chain, but it is closer to the upstream link in providing financial support, so it is upstream.
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