Wednesday, March 30, 2016

Fitch: Longfor Continues to Benefit from Focus on Higher-Tier Chinese Cities

(The following statement was released by the rating agency) HONG KONG, March 30 (Fitch) Longfor Properties Co. Ltd. (BBB-/Stable) is likely to continue to benefit from increased demand from property upgraders due to its strong brand name and leadership position in Tier 1 and Tier 2 cities, Fitch Ratings says. The Chinese property developer's focus on these top tier cities was evident in its 2015 results, which showed that over 77% of its CNY54.5bn contracted sales were from Tier 1 and leadi











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