New net finance firm nears profit

A one-year-old internet finance firm from the stable of Greenland Group, a Chinese mainland developer, is on the verge of full-year "positive profit".

That will make the mainland's property market sit up and take notice as its profit margins have gradually decreased after the last home price boom.

The Greenland arm's imminent profit will also likely vindicate mainland developers who have been expanding into the internet finance sector in search of new market opportunities.