Developer quickens globalization push

China Fortune Land Development Co Ltd is accelerating the pace to gain market share overseas, betting big on foreign countries' appetite for new industrial cities.

CFLD, the industry zone developer and operator in Hebei province, said it will help the governments in foreign countries, such as those from Southeast Asia and South Asia, to build and manage new industrial cities, as the company's next priority is to promote a globalization strategy.

Yang Kan, property analyst at Ping An Securities Ltd, recently reiterated the conviction buy of CFLD stocks, as the company "actively explores the global market."