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Why doesn't Wuxi HSBC City have a real estate license?

There is no approval document, and the approval is not completed. According to the query, Sohu.com shows:

1, Wuxi HSBC Famous City was built without the approval of the housing reform department.

2. The relevant pre-administrative examination and approval and administrative license of most projects have not been completed, including the acceptance of housing quality and safety and the acceptance of fire safety.