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Where Have All the FIEs Gone?
For immediate release, 2009-08-20
by Hingyin Lee

Colliers International , Shanghai

Since the restrictive policy on foreign investment in real estate has been in place, over 2,700 foreign-invested enterprises (FIEs) on real estate development have registered with MOFCOM.  Among which over 1,200 are new set-up.

Given that foreign investors usually set up one FIE for each specific development project, the figure suggests that over 1,200 development projects have been initiated by foreign investors over the past 2 years.

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Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$2 billion in 2007 and 293 offices in 61 countries. CMN can be found on the Web at http://www.colliersmn.com. Locally, Colliers professionals serve clients throughout China. Find out more at www.colliers.com/china.

Contact Information

For further information, please contact:

Hingyin Lee
Director
Research and Advisory, Colliers International
Tel: 86 21 6141 3580
Email: Hingyin.Lee@colliers.com

Julian Jiang
Senior Analyst, Research and Advisory
Tel : 86 21 6141 3592
Email: Julian.Jiang@colliers.com

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