戴德梁行：今日全球楼市速览(2010.04.12)

2.Shanghai will launch a pilot program in Pudong New Area to help foreign investors access domestic private equity funds more easily as part of broad moves to push the city toward its goal as a global financial hub, a vice mayor said. The city is preparing to introduce a trial for the qualified foreign limited partner, or QFLP, to allow selected foreign investors use their yuan quota to invest in domestic private equity funds, said Tu Guangshao, vice mayor of Shanghai, at the Second Shanghai Forum on Asian Financial Cooperation. The program aims to overcome the difficulties of converting foreign currencies into yuan, which is one of the main hurdles for overseas firms to invest in China's PE market. Shanghai is boosting the PE sector with several preferential policies, including tax breaks, subsidies and cash incentives, especially in Pudong where the Government has provided up to RMB15m in benefits for PE investors who set up funds or management firms there. (Shanghai Daily).

3. China recorded its first monthly trade deficit in six years in March - US$7.24 billion (HK$56.47 billion). First-quarter trade volume totaled US$618 million, up 44 percent from a year ago. (The Standard).

4. Powerlong Real Estate said its net profit for 2009 surged 226 percent to 3.04 billion yuan. (The Standard).

5.C C Land Holdings said its unaudited contracted sales in the first quarter rose 193 percent to 980 million yuan (HK$1.14 billion). (The Standard).