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Genway Group Rises to Top 500

The 6th High-level Real Estate and Construction Industry Forum was recently held at the Great Hall of the People in Beijing and attended by the top 500 enterprises in the industry. The figures about fixed asset investment revealed by National Statistics Bureau show that SIP Genway Development Group ranks the 16th in terms of comprehensive strength and 21st in investment volume among the 500 enterprises.

According to sponsors of the forum, there had been 5,629 real estate development enterprises and 5,875 construction enterprises in the country by the year 2006, and the total real estate investment amounted to 19,000 billion RMB and the total housing floorage exceeded 500 million square meters. The top 500 enterprises are the main stay in the real estate and construction industry and are playing a vital role in promoting the development of related industries and improve the urban outlooks.

Nov. 29, 2007

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