On July 9, 2015, in its No.[2015] 1096 document issued, Shanghai Stock Exchange approved China Fortune Land Development Co., Ltd.’s plan of privately offering no more than RMB1bn worth of corporate bonds to qualified investors.

China Fortune Land Development Co., Ltd. (stock code: SH600340), a SSE-listed real estate company, is primarily engaged in investment in and operation of development areas and real estate development. Having expanded its business into places such as Hebei, Tianjin, Shandong, Shenyang, and Changchun, the company is committed to conducting strategic positioning for urban development, constructing industrial clusters, and investing in infrastructure and central urban districts that fully match the developmental needs of enterprises and local regions.

The bond issue was advised by a Dacheng team led by Qingdao-based partner Xu Jianghong and attorneys Zhang Yanna and Guo Zuoni. The listing and trading of the bonds is a pioneering move for privately offered corporate bonds by a public real estate company.