The upgrade reflects CIFI’s leading position in the Chinese property developer market, a track record of prudent operating performance, consistent profitability and financial leverage, and financial discipline demonstrated in the past years. The move is a recognition of the Group’s outstanding performance.

CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer engaged in the property development and investment business in the first-, second- and robust third-tier cities in China, is pleased to announce its interim results for the six months ended 30 June 2020.