Word of the Day

Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

Home / Markets / Industries / Real Estate

Tuesday, July 08, 2008

China Housing & Land Development to Ring the NASDAQ Closing Bell on Friday July 11th

Email this Story | Respond to Editor | Print

Comtex

XI'AN, China, Jul 08, 2008 (BUSINESS WIRE) ----China Housing & Land Development, Inc. (NASDAQ: CHLN), a leading developer of residential and commercial properties in northwest China, today announced that Mr. Pingji Lu, Chairman and Chief Executive Officer; Mr. William Xin, Chief Financial Officer and Ms. Jing Lu, Vice President and Board Secretary will preside over the NASDAQ closing bell ceremony on Friday, July 11th, 2008, to mark China Housing & Land Development's most recent listing transfer to NASDAQ Capital Market. The ceremony will take place at the NASDAQ MarketSite in Times Square and be broadcast live.

Mr. Pingji Lu, Chairman and Chief Executive Officer of China Housing & Land Development commented on the occasion, "It is our great honor to be invited by NASDAQ to ring the closing bell on July 11th. Joining NASDAQ is a significant recognition of the success we have achieved in our 16 years and commemorates our rapid growth as largest residential real estate developer in northwestern China since we became a publicly traded company two years ago. This further demonstrates the respect that we have earned from our partners, customers, investors and shareholders and marks the beginning of new stage for our company. We are committed to driving our sustained and profitable revenue growth and increasing shareholder value. I also would like to take this opportunity to thank our employees for their hard work, dedication and innovation. China Housing & Land Development's success would not be possible without our dedicated employees and wonderful customers."

As part of the celebration, NASDAQ will feature a China Housing & Land Development's video presentation on its landmark seven-story tower on 43rd street and Broadway. To watch the closing bell ceremony live, please visit http://www.nasdaq.com/reference/marketsite_about.stm

About China Housing & Land Development, Inc.

Based in Xi'an, the capital city of China's Shaanxi province, China Housing & Land Development, Inc., is a leading developer of residential and commercial properties in northwest China. China Housing has been engaged in land acquisition, development, and management, including the sales of residential and commercial real estate properties through its wholly-owned subsidiary in China, since 1992.

China Housing & Land Development is the first and only Chinese real estate development company traded on NASDAQ.

By leveraging its strong relationships with China's local state authorities, China Housing & Land Development has been able to capitalize on the supply of available land and develop residential and commercial properties, further increase China Housing's brand recognition, and outperform its competitors in medium size residential and commercial real estate developments in greater Xi'an.

Safe Harbor

This news release may contain forward-looking information about China Housing & Land Development, Inc., which is covered under the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as believe, expect, may, will, should, project, plan, seek, intend, or anticipate or the negative thereof or comparable terminology, and can include discussions of strategy, statements about industry trends, and China Housing & Land Development's future performance, operations, and products. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Actual performance results may vary significantly from expectations and projections. Further information regarding this and other risk factors are contained in China Housing & Land Development, Inc.'s public filings with the U.S. Securities and Exchange Commission. All information provided in this news release is current as of the date of the release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

China Housing & Land Development news releases, project information, photographs, and more are available on the internet at www.chldinc.com.

SOURCE: China Housing & Land Development, Inc.

Investors & Media: Jing Lu, +86 29.8258.2632 in Xi'an
   Vice President & Board Secretary jinglu@chldinc.com William Xin +86 150.9175.2090 in Xi'an +1-917-371-9827 in San Francisco
   Chief Financial Officer william.xin@chldinc.com or Christensen Investor Relations Tom Myers, +86 139.1141.3520 in Beijing
   tmyers@christensenir.com Christensen Investor Relations Kathy Li, +1-212-618-1978 in New York kli@christensenir.com