Wang Yutao, the president and CEO of ZRiver Capital, which manages 10 billion yuan worth of asset.ZRiver is a subsidiary of Zhongrong International Trust, one of the country’s largest trust firm. Photo: Simon Song

Chinese developers renovate run-down buildings to gain foothold in Beijing, Shanghai

In the first half of this year Beijing had less than 1 million sq m of completed and ongoing conversion projects, out of the city’s total 47 million sq m of commercial space

Topic |   China property

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Wang Yutao, the president and CEO of ZRiver Capital, which manages 10 billion yuan worth of asset.ZRiver is a subsidiary of Zhongrong International Trust, one of the country’s largest trust firm. Photo: Simon Song
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