Greenland eyes subway projects to mitigate realty investment risks

Greenland Holding Group, a State-owned developer, is setting up a metro investment and development company in Shanghai to tap the growing opportunities in China's infrastructure sector, a top company official said.

The company along with Shanghai Shentong Metro Group Co Ltd, Shanghai Construction Group and other companies are looking to get a slice of the huge subway construction opportunities across China.

"The move shows that Greenland is pursuing diversification opportunities in related industries outside of its core property business," said Zhang Yuliang, president of the Shanghai-based Greenland Holdings.