Editorial Summary

Chinese residential real estate developer Xinyuan Real Estate Co., Ltd. (xyre.com) (NYSE: XIN) announced on January 28 that it entered into a loan agreement with China Construction Bank (CCB) on January 25. Under the agreement, CCB will grant development loans to Xinyuan and priority loan status to Xinyuan customers. The same day, Xinyuan signed long-term strategic cooperation agreements with 25 Chinese construction companies and 11 design institutes including China Construction Third Engineering Bureau and Shanghai United Design Group Inc. Xinyuan Real Estate focuses on middle-income consumers in second-tier cities including Chengdu, Hefei, Jinan, Suzhou and Zhengzhou.