Poly Developments and China Resources Land Set Up Shanghai Venture with RMB 4.5 Billion Capital
Poly Developments and China Resources Land have jointly established Shanghai Baorun Lihua Enterprise Development Co. , Ltd. , with a registered capital of about RMB 4.5 billion. The new company, headed by legal representative Wu Jinsong, will engage in property management, engineering services, municipal facilities management, parking services, and real estate development. It is jointly owned by subsidiaries of both developers.
Shanghai Baorun Lihua Enterprise Development Co. , Ltd. was recently established, with Wu Jinsong as its legal representative and a registered capital of about RMB 4.5 billion. Its business scope includes property management, engineering management services, municipal facilities management, parking services, leasing of non-residential real estate, and real estate development and operation. The company is jointly held by Shanghai Hongzhe Real Estate Development Co. , a subsidiary of China Resources Land Holdings Limited, and Shanghai Poly City Development Co. , a wholly owned subsidiary of Poly Developments and Holdings Group.
Why this event matters
The event has a measured impact on 3 industrys. The strongest current signal is positive for Residential Development, with intensity 60/100 and 70% confidence over a short term horizon.
Residential Development
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Short term
Property Management
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Medium term
Municipal Utilities
- Direction
- positive
- Intensity
- 30
- Confidence
- 50%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.