China will invite global investment and construction leaders to its first international real estate conference to be held in Shanghai in June.

 

Hot topics such as China's real estate market trend in the next five years and overseas investment in the country's real estate industry are expected to be discussed during the conference, said a sponsor.

 

"The meeting, to be held in the starting year of China's 11th Five-Year program (2006-2010), will mark the beginning of a post-control era in China's real estate market," said Gao Yunwen, member of the board and general manager of the China Business News (CBN), one of the sponsors to the conference.

 

China's policy guidance has been underlining the opening of more financial channels to boost the real estate sector since last year.

 

An estimated US$186 billion in real estate assets in China are available for stock market listing, according to the People's Bank of China, China's central bank. So far, only some 20 percent of the assets were listed.

 

(Xinhua News Agency February 24, 2006)