Yuzhou Properties is among the flood of mainland property developers about to float their shares on the Hong Kong stock exchange in the next few weeks. It is is banking on a resurgence in Xiamen after last year's credit tightening pushed down property prices in Fujian.

The company is hoping to raise HK$2.22bn in an initial public offering, mainly to fund property development in the West Strait Economic Zone, covering the coastal cities of Xiamen, Zhangzhou, Quanzhou and Fuzhou and other parts of Fujian province.

South China Morning Post