Poly Developments established a real estate development company in Dalian.

According to the QiChaCha app, recently, Dalian Baoxin Real Estate Development Co., Ltd. was established, with Liu Xu as the legal representative and a registered capital of 4.12 billion yuan. Its business scope includes real estate development; housing leasing; non-residential real estate leasing; land use rights leasing; housing demolition services; and park management services. Shareholding information from QiChaCha shows that the company is jointly held by Poly Development's wholly-owned subsidiary Poly Real Estate Development Co., Ltd., and Shenyang Jindi Hengyao Real Estate Development Co., Ltd.