President Zhou Xinli on October 30 promoted a real estate private equity fund under the custody of a branch of the company.
 With a total scale of more than CNY 500 million, the real estate fund is mainly making investments in commercial houses, residential houses, and real estate and properties for industrial use.

An employee from E-House (China) discloses that real estate developers are likely to ink houses sales agency contracts with E-House (China) if they want money. However, insiders point out that it is impossible for the New York-listed company to monopolise the whole Chinese real estate industrial chain.

General manager of a Shanghai-headquartered investment management company says that it is hard to form a monopolization by virtue of a not so big scale of CNY 500 million, adding that on the surface, E-House (China) owns abundant resources in financing, advertisements, and information in China but not have strong profitability.

From www.nbd.com.cn, Page 1, Friday, October 31, 2008 info@SinoCast.Com

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