Capital Land adamant about mainland listing

Beijing Capital Land plans to continue pursuit of a mainland stock market listing despite a rejection from the China Securities Regulatory Commission last month. Analysts said that tightening policy in the property sector would continue for at least another year but Capital Land officials said they plan to re-apply for a listing six months after being rejected. If their application is approved, it would likely take a year before funds were usable, due to the complexity of the listing procedure. Analysts said that Capital Land would likely seek other funding sources in the meantime, which might include joint ventures with foreign investors.