ZY Real Estate is an independent real estate finance and development servicing company, formed by a group of veteran real estate professionals from ING Real Estate and Beijing Capital Group. ING Real Estate is the world’s largest real estate investment management company with over USD 70 billion of assets under management. Beijing Capital Group is a conglomerate based in Beijing and directly owned by the Beijing Municipal Government. The combination of in-depth local knowledge with professional international management made ZYRE unique in the China real estate sector.

The Company's core business is to provide professional development management services for international institutional investors in relation to property development. The company has an established international client base and is capable to provide clients with professional investment and advisory services coupled with professional development management capability. Its development divisions are knowledgeable in both residential development and commercial sectors. ZYRE currently has three projects under development with total gross floor area of over 600,000 square meters covering apartments, villas and commercial properties.

The Company's financial division is a private equity real estate investment company, operating client investor club accounts and managing two real estate funds in addition to direct investments. The two funds under management are open-ended funds classed as development and opportunistic, focusing on high return investment opportunities in China real estate. The target IRR return on investments is over 25% and the size of investments range from USD 50 million to over USD 120 million. The company is currently managing investments in excess of USD 600 million.

With offices in Beijing, Hong Kong and Shanghai, ZY Real Estate possesses the necessary capital resources, professional expertise, track record, and local network to serve international clients and produce superior returns. (www.zyrealestate.com)

Paul, Hastings, Janofsky & Walker LLP conducts a global law practice through an international network linking the world's leading financial and commercial centers. With over 1,100 lawyers, we serve clients from 18 offices in Asia, Europe and North America. Breadth and depth in practice, geography and industry enables us to respond to the growing complexity of our clients' business.

CNBC is first in business worldwide, delivering live global business and finance news, information and analysis. Following the markets as they open, every business day, CNBC provides those who are serious about business and investing with the competitive edge to stay ahead. With a global network that includes CNBC in the U.S., Europe, Asia Pacific and CNBC World, CNBC has a worldwide distribution of some 380 million homes.

CNBC is owned and managed 100% by NBC Universal, which is the broadcasting unit of GE, the “World's Most Admired ” Company in FORTUNE magazine's annual poll of executives. (Total 96)

CNBC 财经电视台是全球首位直播全球性商务财经新闻、市场信息及分析的媒体。 CNBC 密切追踪世界各地股市开市动向，即时为那些关注商业和投资的人们提供使其处于领先的精准信息。 CNBC 是包括 CNBC 美国、 CNBC 欧洲、 CNBC 亚太和 CNBC 全球各频道在内的全球性网络，覆盖全球 3.8 亿用户家庭。

NBC 环球是 GE 公司旗下的业务集团，拥有 100% 的 CNBC 股份并直接对其进行管理。 GE 公司在《财富》杂志年度高级管理人员调查中荣获 “ 全球最受推崇 ” 的企业。

五合国际（5+1 Werkhart International）作为跨国集团，在德国、英国、澳洲、上海、北京、香港设有分支机构。中国大陆现有员工200余人，包括掌握欧洲建筑科技的外籍设计师，为客户提供专业水准的建筑设计服务。 同德国著名的 SOBEK 结构设计、德国 TRANSSOLAR 生态节能设计、德国 HENN 大型工业及研发建筑设计以及 DRLL 刘力主创优势互补，共同开拓中国市场。

五合国际（5+1 Werkhart International）在业内率先提出“5+1”服务模式，整合城市规划、建筑设计、景观设计、室内设计、平面设计五大类专业技术，并提供市场分析及产品策划增值服务。

近年来，在城市规划、建筑设计、景观设计等方面设计完成百余项大型工程项目，在设计理念和技术手段上引领市场方向，奠定了“五合”品牌。连续三年入选境外驻中国十大建筑设计公司。

五合国际擅长高档酒店设计、高科技生态办公建筑、大型商业设计，在顶级别墅、高档居住区及景观设计方面亦享有极高声誉，业绩遍布北京、上海、广州、深圳等各大城市。

五合国际全资子公司上海 五合智库 投资顾问有限公司（WISENOVA）为房地产开发商、投资商、金融机构、政府管理部门提供房地产市场及投资咨询服务。

Werkhart International is a multi-disciplinary firm providing services in the areas of Architecture, Urban Planning, Landscape Architecture, Interior Design, Graphic Design, and Project Management, with expertise in office building, industrial and research facility, shopping centre, retail, hotel, residential development and sustainable building design.

Werkhart International has branch offices in Beijing, Shanghai, Hong Kong, Frankfort, London and Melbourne. Its China office, formed in 2000, currently employs over 200 highly qualified professional staff, ranking as a Top Ten Non-government Architectural Design Company in the country.

Werkhart International has completed over 100 large projects across China, in partial cooperation with international partners, among whom are the prestigious German Sobek Ingenieure, Transsolar Energietechnik and Henn Architekten.

In addition to design service and project management, Werkhart also offers real estate and investment consulting service for developers as well as private and institutional investors from China, Europe and North America.

五合国际(5+1 WERKHART INTERNATIONAL) . 上海
中国 上海 延安东路222号 外滩中心25层(200002)
Tel: +86 (0)21 6335 0535
Fax: +86 (0)21 6335 0533
Web: www.werkhart.com
Email: shanghai@werkhart.com

五合国际(5+1 WERKHART INTERNATIONAL) . 北京
中国 北京 海淀区西直门外大街168号 腾达大厦25层(100044)
Tel: +86 (0)10 8857 5555
Fax: +86 (0)10 8265 6918
Web: www.werkhart.com
Email: beijing@werkhart.com

Chengdu Winera Real Estate Co., Ltd., established in 2004, mainly focuses on real estate development. It sticks to the tenet of ‘Passion for Perfection' and consistently insists on the management concept of ‘setting up an innovative team so as to offer qualified properties and considerate services'.

Winera has successfully developed the first mini-CBD in Chengdu, Fund International Plaza, a complex of office building, commercial space and serviced apartment.

成都万瑞置业有限公司成立于2004年，是一家专注于商业地产开发的房地产公司。公司秉承“精于专·创于心”的宗旨，始终坚持“以对客户和股东负责的态度，创一流产品、一流服务、一流团队、一流业绩”的经营理念，一直致力于成为最具创新能力的房地产商 。

万瑞公司成功开发了位于成都市武侯区航空路的 成都首个微型 CBD 项目—— 丰德国际广场 。作为成都首个微型 CBD 项目，以 18 万平方米的庞大体量，拥有六栋建筑，将写字楼、商业、服务式公寓等产品进行有机整合，创造出巨大的国际商务新空间。

GSC Group is a registered investment advisor with $22.2 billion of assets under management, as of December 31, 2006. The Firm specializes in credit-based alternative investment strategies including corporate credit, equity and distressed debt investing, and real estate. GSC Group is privately owned, has over 170 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles.

The Firm was founded in 1999 by Alfred C. Eckert III, the Company's Chairman and CEO. Its senior officers and advisors are in many cases long-time colleagues who have worked together extensively at institutions including Goldman Sachs, Greenwich Street Capital Partners and The Blackstone Group. Through the combined experience of these individuals, GSC Group identifies sectors of the credit markets that it believes to be attractive. GSC Group generally invests its own capital alongside the capital of its clients.

GSC 集团简介

GSC 集团是美国的注册投资顾问公司。 截至 2006 年 12 月 31 日 该集团管理资产约 220 亿美元。 GSC 集团专长于以信用为基础的非传统投资策略，包括：企业信贷，股权投资和不良债权投资，以及房地产债券。 GSC 集团是私人拥有公司，雇员超过 170 人 . 集团总部位于新泽西，并且在纽约，伦敦和洛杉矶拥有办公室。

TCW is a US-based investment advisor managing $150 billion in assets committed to management, invested in fixed income, equity and alternative investment strategies. TCW is widely recognized for its talent in collateral selection and in customization of credit exposures to the risk-reward objectives of diverse investors. In 2005, Fitch Ratings recognized TCW as the largest issuer of collateralized debt obligations (CDOs) in the world.

THE TCW CREDIT MORTGAGE GROUP, a unit of TCW, is the largest US manager of CDOs of asset-backed securities (ABS) and a recipient of Fitch Ratings' CAM 1 rating, the agency's highest rating for CDO managers.

In addition to its well-established high-grade and mezzanine ABS CDO programs, the Group has pioneered a variety of innovative strategies, including long-short, below-investment grade and opportunistic series. The group manages 34 CDOs with a total initial capitalization of $28.7 billion.

The TCW Credit Mortgage Group comprises one of the largest and most experienced teams of financial professionals devoted to CDO asset management in the world. The group is committed to maintaining and building its leading platform of portfolio management, credit research, trading and risk management staffs and infrastructure.

Capmark Financial Group Inc. (Capmark™) is a leading real estate financial company with three core businesses: lending and mortgage banking, investments and funds management and loan servicing. Capmark operates in North America, Europe and Asia. Capmark Japan acts as the regional headquarters for the Asian operations of Capmark.

Capmark's Asian operations have a total of seven offices in China, Japan, Taiwan and the Philippines and is actively engaged in the lending, real estate equity investment, special situations investment, primary/master servicing, and special servicing businesses.

Other information about Capmark and its products and services are available at www.capmark.com

Mallinsight is a service agency providing dedicated information and resource integration for all nationwide real estate developers. It has maintained a long-term good relation of mutual assistance, trust and cooperation with all types of real estate development enterprises, financial investment institutions as well as many of domestic and foreign cultural, economic and trade organizations. Especially, it also specializes in providing public relations development and resource integration planning and execution by taking the culture as the core contents for enterprises.

During recent years, Mallinsight has successfully held planned and organized many large-scale series commercial realty industry activities such as 2004, 2005 and 2006 China Commercial Realty Special Peak Forum and so forth in tandem, and therefore promoted the industry development and won the good reputation inside the industry. As the platform of industry resource integration, Mallinsight integrates all kinds of resources effectively and gets access to the wider objective market precisely so as to provide professional service for commercial realty industrialization operation that tends to become mature day by day. In addition, it also hopes to realize the communication of cross-field, cross-hierarchy and cross-system as well as the resource integration through the platform of Mallinsight so as to build the bridge of communication among home commercial, financial and realty industry and provide the important opportunity to accelerate the development.

Mallinsight (Beijing) Technology Co., Ltd, also know as Mall China

摩尔在线是一个为全国房地产开发商提供专项资讯与资源整合的服务商，该公司与各类房地产开发企业、金融投资机构，以及国内外众多文化、经贸组织，有着长期良好的互动、委托、合作关系。

摩尔在线近年来先后成功举办、策划和组织了全国性商业地产大型行业活动有三次，分别是：“2004年中国商业地产高峰论坛”、“2005年中国商业地产高峰论坛”和“2006年中国商业地产高峰论坛”；举办国际级商业地产大型活动有两次，分别是：2005年与国际购物中心协会(ICSC)、亚洲购物中心协会联合举办的“2005商业地产国际论坛第三届年会”、2006年与亚洲购物中心协会联合主办的“2006商业地产国际论坛第四届年会”。积极推进了行业发展，受到业界好评。作为行业资源整合平台，摩尔在线有效整合各类资源，准确触及更广阔的目标市场，为日趋成熟的商业地产产业化运作提供专业服务，为国内的商业、金融与地产行业搭建沟通的桥梁，提供促进发展的重要机会。

作为行业资源整合平台，摩尔在线充分利用科技手段，为行业信息化发展作出了贡献。2005年，摩尔在线获得“中国商业地产科技贡献奖”；2005年中国商业联合会购物中心专业委员会华北办事处设在摩尔在线。

RICS (The Royal Institution of Chartered Surveyors) is the largest professional standards organisation for professionals in property, land, construction and related environmental issues worldwide. We promote best practice, regulation and consumer protection to business and the public. With over 120 000 members, RICS is the leading source of property related knowledge, providing independent, impartial advice to governments and global organisations.

Chartered surveyors are members of the Royal Institution of Chartered Surveyors (RICS) and are the only professionals with a broad, internationally recognised property qualification. Anyone considering a career as a chartered surveyor can find more information on the RICS website, www.rics.org/asiapacific  or contact our Asia Pacific Office at +852 2537 7117 or ricsasiapacific@rics.org.

RICS 特许测量师学会是全球推崇备至的权威机构，它就有关土地、估价、地产、建造及环境议题提供专业建设及服务。RICS 特许测量师学会之会员通过严格的专业和操守水平以保障消费者和公众的利益。拥有超过十二万名的专业会员，RICS积极为国际组织如政府和地区组织提供专业建设。

RICS 特许测量师学会的会员是是唯一全球认可的房地产专业资格，若希望对特许测量师有进一步的了解，可浏览RICS网页www.rics.org/asiapacific或致电 RICS 亚太区办事处：+852 2537 7117 或电邮：ricsasiapacific@rics.org。

AsRES is a non-profit membership organization that promotes greater scholarly understanding of the real estate industry. Our members include leading real estate academics, policy makers, and practitioners from all over the world that are interested in studying Asian real estate markets. AsRES holds annual conferences and publishes International Real Estate Review to diseminates advanced research results and methodologies related to all aspects of real estate. www.asres.org.

Shanghai Housing Industry Association is a 2nd tier Shanghai industry association formed on August 13th 2004, in accordance to regulatory of “China Industry Guidelines”, and under the leadership of the Shanghai Commercial Association, and the careful guidance of the National Housing Industry Association. Prior to the formation of the Association, intensive researches has been done, together with precious feedbacks and opinions of the members organisations.

Shanghai Housing Industry Association is a non-profit association, comprising participating members of about 200 organisations, located throughout 19 provinces within Shanghai City, which make up 35% of the total real estate enterprises. The total registered fund is 6.14579 billion RMB or 2.5 million USD, which represents more than half of the total real estate registered funds in Shanghai. The total employment comprises close to 10 thousand, which represents 60% of Shanghai's total employment within the real estate industry. Total area of construction per year comprises approximately 10 million square metres, and the total built up area is close to 5 million square metres. After two years of development, a subsidiary association was set up last year.

The mission of the Shanghai Housing Industry Association, is to provide enterprise services to our members. The Association function strictly in accordance to the state law and regulations, government policies, social and moral values, and endeavours to promote the virtues of trust, integrity, honesty and good industrial code of ethics and regulations. Together with improving the cohesion within the industry, and enhancing information dissemination and knowledge sharing. The Association reflect on the feedbacks, requests and demands of our members, and strive to protect the legal benefits and meet acceptable demands of members organisations. Similarly, the Association looks to open up new frontiers in the local and international scenes, to promote cooperation and interaction between real estate industry within Shanghai and other cities, so as to enhance the benefits and development of our members.

During the Opening Ceremony on August 13th 2004, Mr Xu Rong Mao, Director of Shi Mao Group was elected as the Chairman of Shanghai Housing Industry Association. Mr Chen Jing Wei, Chairman of Director's Board for Jing Wei Zhi Di Group, Mr Fan Wei, CEO of Fu Di Group, and Mr Jin Hui Ming, Director of Da Hua Group were subsequently elected as the President of Shanghai Housing Industry Association for the periods 2004 to 2005, 2005 to 2006, and 2006 to 2007 respectively. Chief Editor of the daily “Housing Expense”, Mr Shen Ke Qiao, who is also the consultant for the National Housing Industry Association, was elected as Vice President cum Secretary, Mr Lu Jian, CEO of Shanghai Shi Ye Development Limited and 14 other relevant individuals were elected as Vice Chairman, and Mr Wang Shi Ming and 17 other relevant individuals were elected as committee members.

上海市工商联住宅产业商会成立于2004年8月13日，她是在上海市工商业联合会的直接领导
下，在全国工商联住宅产业商会的悉心指导下，经过广泛的调查研究，依照会员企业的意愿和要求，按照《中国工商联章程》规定组建的上海市工商联的二级组织。

上海市工商联住宅产业商会属非营利社会组织，共有会员单位近200家，分布于全市19个区县，占全市民营房地产企业总数的35%；总注册资金人民币61.4579亿元，美元2500万元，占全市民营房地产企业注册资金总数的一半以上；从业人员近万人，占全市民营房地产企业从业人员总数的五分之三；每年在建房屋1000多万平方米左右，竣工量达500万平方米。经过两年的发展，去年又成立了精装分会。

上海市工商联住宅产业商会的宗旨是为会员企业服务。商会遵守国家的宪法、法律、法规、政策和社会道德风尚，倡导守信用、讲信誉、重信义，执行行业规范和行业标准；团结会员企业，做好信息互通、资源共享；她反映会员企业的意见、要求和建议，维护会员企业的合法权益和合理要求，同时发挥商会的群体优势，积极开拓国内外市场，推动上海市与各地住宅产业之间的交流与合作，促进会员单位共同发展。

在2004年8月13日的成立大会上，世茂集团董事长许荣茂当选为第一届商会主席；经纬置地集团董事局主席陈经纬、复地集团总裁范伟、大华集团董事长金惠明分别当选为2004—2005年、2005—2006年、2006—2007年度执行会长；解放日报《住宅消费》周刊主编、全国工商联住宅产业商会顾问沈克乔当选为副会长兼秘书长，上海实业发展有限公司总裁卢铿先生等14人当选为副主席，王士明等17人当选为第一届理事会理事。

2004年11月3日，商会召开了第一次会长办公会议，会上进一步明确了商会工作要体现为民营企业服务，维护民营企业权益的宗旨，同时下定决心，加强与国内国际住宅产业行业的联系、交流和合作，努力做大做强商会，逐步把上海市工商联住宅产业商会办成住宅产业行业中影响力大的、全国一流的商会。

两年来，住宅产业商会在为会员单位服务过程中，我们组织会员单位多次到二、三线城市考察；多次组织各种沙龙和论坛，为企业提供信息；同时两年中还多次接待日本、澳大利亚、美国、印度等国家的同行，并组织会员单位到国外考察，去年，还与共青团上海市委一起评选了25名优秀（杰出）青年企业家活动，得到市工商联和行业内的好评。