Listed on the Hong Kong Stock Exchange in November of 1996, China Resources Land Limited is the real estate flagship of China Resources Group (CRC website  ). Its major business is development and management of residential and investment properties in mainland China. The total and net assets of China Resources Land are worth over RMB18 billion and RMB9.7 billion respectively.
Besides owning various promising projects in Beijing, China Resources Land has realized the benefits of national diversification a couple of years ago. It has invested in first and second tier cities such as Shanghai, Shenzhen, Chengdu, Wuhan and Hefei, so as to profit from different paces of economic development of different cities. Several prime investment properties situated at the city centers of Beijing, Shanghai and Shenzhen were acquired in 2005. Company earning will be more stable as a result. |
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