At present LiSong school still wanted a national federations, vice President of real estate chamber of commerce and new real estate group (holding) Co., LTD, a former chairman of the LiSong school for suspected fraud, conspiracy by Hong Kong icac arrest.

Hong Kong icac wanted that LiSong school and information, new real estate group executive director before the car and ZhangYao han tree across three people suspected of collusion, for some new group and bvi and as Cheap Football Shirts the virgin islands company in several cases of a fraud ingredients property transactions, the purpose is to drive up for new group profits and assets, the new group in 2003 to 2007 in the announcement, circulars and making false statements in the annual report.

LiSong with school was born in 1965, ZhuJiXian zhejiang province. In 1987 and 1996, respectively in the original national ministry of construction he and former state materials department, office 1996 1999 years as Hong Kong travel real estate, deputy general manager, then Spanish La Liga football shirts started Hong Kong XinSong investment group Co., LTD. And Beijing XinSong investment group Co., LTD, as chairman of the board. In 2003, the acquisition is listed in Hong Kong, Singapore KeJian group founded the group (holding) Co., LTD, a real estate development, land development level and asset management as the main investment direction. At the time, Li holding company about 54% shares for the biggest shareholder.

In 2006, China began to radical expansion, real estate successively in chongqing, Beijing, tianjin, xian, hunan, chengdu, Shanghai, zhuhai, etc to cooperate in the development, buy shares the project company or receive the acquisition of the means such as more than 20 large real Real Madrid Football Tops estate projects. But, after the takeover, China real estate project in chengdu, chongqing, tianjin and xian continuous because of money arrives too late and into a dispute, was eventually to Hong Kong icac report (see the wealth of the new century, the new [19.35 3.48% shares it] “report” broken “) new real estate dreams.

In the meantime, new real estate in between, the capital market frequent financing. In May 2006, issue hk $1.34 billion worth, which expires in 2011 zero coupon bonds can change; In July 2007, and issued a Real Madrid away football shirts total of 400 million dollars, interest 9.75, which expires in 2014, referring to bill every half year to pay 150 million yuan high rate of interest.

January 10, 2008, Hong Kong icac for alleged breaches of the new real estate the Hong Kong prevention of bribery ordinance “article 9 of the three terms, in its search for office in Hong Kong, and arrested a employees with the researchers also include investigation is new real estate vice President, accountants and legal representatives, and ChenJunLin company secretary ChenYanQin. February 1,, the new real estate announced that two people leaving.