The Provincial Governor of Heilongjiang Met Mr. Hui Ka Yan for the Purpose of Industrial Development of Hong Kong Invested Financial Groups in the Northeast Under the Leadership of Evergrande

BEIJING, June 29, 2011 /PRNewswire-Asia/ -- As a leading real estate enterprise listed in Hong Kong with the largest scale in China, Evergrande Group has been actively developing in the second- and third-tier cities in China recently. In the past few days, Professor Hui Ka Yan, Chairman of the Board of Directors of Evergrande Group, made an investment investigation in Harbin Municipality of Heilongjiang Province, with the intent of increasing the investment in the industrial development in the large scope of Northeast China. In particular, Hong Kong New World Group, Chinese Estates and other Hong Kong invested large-scale financial groups also came with Evergrande this time, indicating that Evergrande intends to organize groups for the purpose of layout and development in the Northeast. An original report from Sina Leju follows:

During the investigation in the Northeast, the Hong Kong invested enterprises headed by Evergrande received a warm welcome from Wang Xiankui, Provincial Governor of Heilongjiang, and Gai Ruyin, Member of the Standing Committee of Heilongjiang Provincial Party Committee and Secretary of Harbin Municipal Committee. Both parties had in-depth discussion on how to promote the upgrade of the local industries and the transition of economic development, and had in-depth talks on how super large-scale enterprises can play an important role in promoting the regional economic development. Provincial Governor Wang Xiankui and Secretary of Harbin Municipal Committee Gai Ruyin expressed their hope that the Hong Kong invested enterprises with Evergrande as the representative could further increase the strength and extent of investment in Heilongjiang in the future, playing an example role in promoting the local economic revival in an all-round way.

Evergrande Group has been adhering to the people's livelihood-oriented principle. Since it started the layout in the second- and third-tier cities in 2004, it has had 112 large-scale residential projects in 62 major cities in China at present, and is an enterprise listed in Hong Kong with the largest sales area in China, with assets of more than 100 billion yuan at present. In recent years, under the background that the State advocates and attaches importance to the green economy and the tourism economy, Evergrande Group has vigorously promoted the upgrade of the local industries through the innovative construction of a landmark tourist complex, and has made pioneering contributions to the transition of local industries. It is introduced that, at present, conforming to the market situation, Evergrande Group has been persisting in creating the tourist complex with the largest scale, the most complete function and the highest grade in more than 20 regions in many provinces and cities throughout the country including Guangdong, Chongqing, Tianjin, Wuhan, Chengdu and Jinan, so as to promote the upgrade and development of the local tourist industry, cultural industry, sports industry and commercial industry. It is reported that Qingyuan Evergrande Tourist City with the total area of 260, 000 square meters, which grandly opened on June 25, has not only provided a sample for all the tourist market participants, but also provided a model on how an enterprise can promote local green economic development.

On the basis of the resource superiority in the region of the Northeast, in combination with the successful experience of Evergrande in the development in the second- and third-tier cities throughout the country based on the people's livelihood-oriented principle over the years, especially the mature experience in the tourist complex in recent years, Evergrande will play an important role in promoting the development of regional green economy and tourist economy in the Northeast, increasing the energy level of regional economy, promoting the upgrade and transition of local industries, and promoting the regional large-scale employment through the innovative construction of super large-scale tourist complex for the development in the Northeast.

As far as the long-term trend is concerned, during the key period of all-round economic revival in the Northeast, Evergrande Group intends to, conforming to the national guidance, lead the Hong Kong invested financial groups to further increase the investment in the large scope of the Northeast, and create boutique projects and people's livelihood projects with all its strength in coordination with the job requirements of the government for the urban construction for the purpose of common development with the economy of the Northeast.