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Now is the perfect time to ride the waves—Chenxing Development officially listed on the Hong Kong Stock Exchange on July 3.
On July 3, 2015, the management team of Chenxing Development collectively traveled to Hong Kong, where, witnessed by numerous domestic and international media outlets, they officially rang the gong to mark the company’s successful listing on the stock exchange. Chenxing’s chairman delivered a heartfelt speech on stage, sparking an atmosphere of jubilation as the audience erupted into cheers and applause, enthusiastically congratulating the company on its milestone achievement. Waves of well wishes and thunderous clapping filled the venue, as if celebrating this long-awaited recognition.
2017-05-27
The Ministry of Natural Resources and Land Development Introduces New "Land-Based Poverty Alleviation" Policy
To further strengthen the policy support for poverty alleviation through the "increase-decrease linkage" mechanism, key provincial-level counties focused on poverty alleviation and development will now be allowed to transfer and utilize surplus indicators within their respective provinces. Recently, the Ministry of Natural Resources issued the "Notice on Further Leveraging the Increase-Decrease Linkage Policy to Support Poverty Alleviation," clarifying that these key provincial-level counties can now circulate and apply their surplus indicators across provincial boundaries. The scope of using these surplus indicators has expanded from previously limited concentrated contiguous areas of extreme poverty and nationally designated impoverished counties to include provincially identified poverty-stricken counties. This move is expected to unlock greater policy benefits, enabling poverty eradication efforts to advance even more effectively and comprehensively. The notice also emphasized that provincial-level poverty-fighting initiatives will receive enhanced support through this expanded framework.
2017-05-03
Insights into Next Year's Real Estate Market Trends from the Central Economic Work Conference
The Central Economic Work Conference set the overarching tone for the property market next year as "steady and healthy development," emphasizing the principle that "homes are for living in, not for speculation." It also outlined plans for building a long-term, robust framework to manage the real estate market. This sends a clear signal: housing must return to its primary purpose of providing shelter. After all, housing is one of humanity’s most fundamental needs, and its intrinsic role is rooted in serving as a place to live. Restoring housing to its original function is essential for the sustainable growth of the real estate sector. In 2016, housing prices in some popular first- and second-tier cities surged rapidly, prompting experts to pinpoint investment-driven speculation as a major underlying factor. When homes increasingly became tools for investment and speculative gains, they lost their true purpose—and that’s precisely what jeopardizes the health and stability of the broader housing market.
2016-12-24
Real estate market recovers, economy shows signs of warming up; Fed rate hike expected to gain momentum in September.
The latest data released by the U.S. Department of Commerce shows that new home sales in July reached their highest level since October 2007. The housing market’s continued strong recovery is boosting the U.S. economy, leading institutions to anticipate a pickup in economic growth during the second half of the year. Moreover, if economic indicators remain robust enough, the possibility of the Federal Reserve raising interest rates again in September cannot be ruled out. Economic Growth Shows Signs of Improvement Recently, several key U.S. economic reports have come in better than expected—particularly the housing market, which has emerged as a standout performer. In July, U.S. new home sales surged by 12.4% compared to the previous month, reaching an annualized rate of 654,000 units, the highest level since the financial crisis. Year-over-year, sales even jumped by an impressive 31.3%.
2016-08-29
The first stop of the 2016 YouCai Doors, Windows & Curtain Wall Forum lands in Chengdu.
On the afternoon of April 29, a gathering brought together 300 participants from China Design Institute and construction companies. In the "Internet+" era of real estate's silver age, the meeting focused on system windows and doors, curtain wall system selection, industry trends, and the latest market dynamics. The event was supported by media partners Weibo and China Real Estate Network, with live streaming coverage provided throughout. The forum kicked off with a powerful session featuring expert data analysis, shedding light on the promising prospects ahead for the window, door, and curtain wall industries. As a vital component of architectural structures, the window and curtain wall sector is closely tied to the real estate and construction industries. Modern architectural curtain walls not only enhance the aesthetic appeal of cities but also elevate living standards through the use of high-end window systems. Meanwhile, the rise of high-rise buildings has further underscored the growing importance of these innovative building materials and designs.
2016-06-27
Juyou Capital Unveils Its Top Supplier Brand, Preferred by 500 Leading Developers Across Deeply Established Industries
On March 22, 2016, the highly anticipated Summit on Brand Assessments for Top 500 Developers and Preferred Suppliers was held as scheduled at China World Trade Center Tower 3 in Beijing. During the event, the "2016 China Real Estate Developer Top 500 Preferred Supplier Brand Assessment Report"—often referred to as the "Oscars" of the building materials industry—was officially unveiled. Notably, Oriental RainHong secured the top spot in the waterproofing category with an overwhelming lead, while Boss Appliance claimed the No. 1 position in the kitchen appliance sector thanks to its exceptional expertise. Meanwhile, other leading brands across various building materials and components industries also earned their rightful places among the top 10 choices of developers. The trend toward polarization continues to intensify, further concentrating advantageous resources among a select few leaders.
2016-05-03
Ministry of Land and Resources: High-inventory areas to reduce land supply until it is suspended.
2016-04-19
Buy限购 measures upgraded to curb leverage and cool down first-tier housing markets.
Recently, rumors that first-tier cities would tighten their real estate policies have been confirmed, as Shanghai and Shenzhen have相继 introduced new measures to regulate the housing market. These include raising down payment ratios for mortgage loans, increasing the threshold for home purchases by residents who are not registered in the city, and strengthening oversight of real estate agents while strictly controlling the use of financial leverage in property acquisitions. Industry insiders believe the primary motivation behind these new policies in first-tier cities is to stabilize recently rapid-rising housing prices and curb the growing number of speculative buying activities. From a policy perspective, the future direction will no longer lean solely toward easing measures but will instead shift toward a balanced approach—providing support at the lower end while capping excessive price increases. Beyond cities like Shanghai and Shenzhen, where price growth has been particularly fast, other cities are also expected to follow suit with similar regulatory steps.
2015-04-28
Shanghai's Clever Approach to "Rescuing" the Real Estate Market: A "Triple Win" Strategy
Shanghai recently adjusted the criteria defining standard commercial housing, sparking widespread debate. Launching this new "market-rescue" policy at this particular moment may not have been politically sensitive—but it was perfectly timed, coming just after the central bank eased mortgage lending restrictions and the State Council’s executive meeting clearly emphasized boosting housing consumption. This move not only reflects Shanghai’s proactive response to the central government’s call but also demonstrates its strong support for the nationwide decision. The last time Shanghai revised its standards for ordinary commercial housing was in March 2012. Logically speaking, these standards should be adjusted periodically based on actual market conditions; a two- to three-year cycle would typically be appropriate. After all, this practice aligns with Shanghai’s commitment to administering the city according to the law—a routine yet essential aspect of its governance.
On the eve of state-owned property firms' pay reform and salary caps: Executives nervously await critical decisions.
On November 19, Song Yanqing, President of RAND Consulting, attended a meeting at a central state-owned enterprise. The company had recently merged its real estate business with another firm to form a single entity. Interestingly, both companies had previously engaged RAND Consulting for advisory services. State-owned enterprise reforms, which have sparked significant excitement in the capital markets, seem to be facing considerable challenges in the real estate sector. "It’s incredibly difficult to recreate a Vanke through reform," Song Yanqing told a reporter from 21st Century Business Herald. Meanwhile, a senior executive from a Beijing-based state-owned real estate company revealed to a reporter from 21st Century Business Herald that the Beijing State-owned Assets Supervision and Administration Commission (SASAC) visited the company for a调研 (research and inspection) back in June—but as of today, there has been no tangible progress. "The company hasn’t taken any pioneering or pilot initiatives yet," the executive added, noting the lingering wait for state-backed support.
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