On the morning of December 30, 2010, Changchun Municipal Land and Resources Bureau released 5 parcels of residential and commercial land for public transfer, and Yancheng Power long Property Development Co., Ltd., a member of Power long Real Estate (HK.1238) wins the bid for a commercial land parcel near Bing Forty-five Road, Nanguan District, Changchun City (more than 30,000 m2) with a price of RMB 75.91 million RMB. On the land, a skyscraper with the height up to 300-meter is now being proposed, covering a composite commercial center, a Grade-A office building, a five-star hotel and top-quality service departments.