The deal, which is led by Merrill Lynch, will offer investors a rare opportunity to gain exposure to the property market in ChinaÆs rapidly-growing tier-2 cities. Set up in 1997 with the aim of building comfortable and convenient, yet affordable, housing for mid-income earners in Zhengzhou City in Henan Province, the company has over the past year expanded into four other tier-2 cities.
These cities are a major magnet for the migration of the Chinese population from rural to urban areas, which...
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