China Railway Construction and Guotong Trust set up a new business in Inner Mongolia.

According to the Qichacha app, recently, Inner Mongolia Tiexin Xinghe Real Estate Development Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes: engaging in investment activities with its own funds; property management; real estate development and operation, etc. Qichacha's equity penetration shows that the company is jointly held by China Railway Construction Corporation's wholly-owned subsidiary CR16 Group Co., Ltd. and China National Trust Co., Ltd.