20 10, Poly Real Estate, as the initiator, jointly established Xinbao (Tianjin) Equity Investment Fund with CITIC Securities, which is a fund management institution focusing on real estate investment.

At the beginning of its establishment, the registered capital of Xinbao Fund was 30 million yuan, and Poly Real Estate held 40% of the shares. 20 1 1 year, Xinbao Fund increased its capital to 1 100 million yuan, the investment cost of Poly Real Estate increased to 40 million yuan, and the shareholding ratio remained at 40%.

In the first year of its establishment, Xinbao Fund has successively invested 2.008 billion yuan in Nanjing Poly Amethyst Mountain, Wuhan Poly Central Mansion and Shenyang Poly Champagne Garden under Poly Real Estate, including 295 million yuan in equity investment and 65.438+0.710.30 billion yuan in debt investment.

At the end of 20 12, in the Shanghai Wang Di project jointly won with Poly Real Estate, Xinbao Fund held 40% of the shares. Roughly speaking, the capital invested by the Credit Insurance Fund is about1800 million yuan.