Poly Developments and China Resources Land Form Shanghai Joint Venture with RMB 5.1 Billion Capital
Shanghai Runbao Xinghua Enterprise Development Co. , Ltd. has been formally established, with Yu Jiaxing serving as its legal representative and registered capital of approximately RMB 5.1 billion. The company's business scope covers enterprise management, enterprise management consulting, commercial complex management services, real estate consulting, real estate brokerage and property management.
Business registration information shows the company is jointly held by Shanghai Poly Urban Development Co. , a wholly-owned subsidiary of Poly Developments, and Shanghai Hongzhe Real Estate Development Co. , an affiliate of China Resources Land Holdings Co.
Why this event matters
The event has a measured impact on 4 industrys. The strongest current signal is neutral for Residential Development, with intensity 30/100 and 60% confidence over a short term horizon.
Residential Development
- Direction
- neutral
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
Commercial Property Development
- Direction
- neutral
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
Property Brokerage
- Direction
- neutral
- Intensity
- 20
- Confidence
- 50%
- Horizon
- Short term
Property Management
- Direction
- neutral
- Intensity
- 20
- Confidence
- 50%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.