The Zhejiang Xinya Construction Investment & Development Co., Ltd. was jointly invested and established by the Xincheng Real Estate Development Co., Ltd. and Zhongcheng Construction Group Co., Ltd. that are well-known in Wenzhou City. The Wenzhou Xincheng Real Estate Development Co., Ltd. is a real estate development enterprise with elite qualification, and it has strong force. It has been granted the honorable title of “AAA credit client” by the Agricultural Bank of China for six successive years and the honorable title of “high-quality gold client” by the Agricultural Bank of China Zhejiang Branch. It has developed an area about more than 1000000 m2. The Wenzhou Zhongcheng Construction Group is an elite general contracting enterprise of building construction engineering construction; it has been one of the 500 private-owned giants in China for successive years and is a leading enterprise in building industry in China. In July, 2004, the development right of the “international times plaza” of the Qianjiang new city was gained through business introduction, public bidding, project initialization, examination and approval. The project is the key project of “eleventh five-year-plan” of business, trade and service industry in Hangzhou, and it is also the key construction project of the Qianjiang new city.