Xinyuan Real Estate

[3] Xinyuan has traditionally engaged principally in residential real estate development and the provision of property management services, focusing on Tier II cities in China.

[4][5] Xinyuan is a real estate developer building large-scale residential projects for middle-income consumers in China's Tier II cities.

Xinyuan's business model emphasizes high asset turnover, efficient working capital management and strict cost control.

[5] On 12 December 2007, Xinyuan made an initial public offering, becoming the first Chinese real estate developer to become listed on the New York Stock Exchange.

[8] Underwritten by Merrill Lynch, Deutsche Bank Securities, and Allen & Co, Xinyuan's initial public offering raised US$245m in capital.