SHUM Yip Investment, the listed arm of the Shenzhen municipal government, is active in a range of businesses connected with Shenzhen, including property development and investment, transport services, freight forwarding and car rental services. DBS Securities (Hong Kong) recently put an accumulate rating on the stock, citing the company's strong profit growth potential. Shum Yip's net profit jumped 53 per cent to $242 million last year, led by strong property sales at its Che Gong Miao Industrial Zone and Shum Yip Centre in Shenzhen. The company also expanded its land bank by 234,000 square metres to 330,000 sq m, mainly concentrated in the city centre. Shum Yip also has started to invest in inter-city shuttle bus services on routes in Guangdong province, adding three new routes between Guangzhou and Shantou, Chaoyang and Zhuhai. The company's future prospects look bright as the government has designated the construction of residential housing as a pillar industry in which it will encourage growth. Shum Yip will take advantage of this opportunity and the massive differences in housing prices between Hong Kong and Shenzhen to align its property portfolio. The company's transport arm also will continue to push ahead, focusing on routes in Guangdong, where gross domestic product growth is high, and between Guangdong and Hong Kong.