What's the difference between AVIC Real Estate and China Merchants?

1. Different background: China Merchants Blow is the only enterprise engaged in property asset management and service under China Merchants Group, which belongs to China Merchants Shekou. AVIC Property, with the background of large central enterprises, is a wholly-owned subsidiary of China Merchants Guadiaole (stock code SZ00 19 14).

2. Different business scope: China Merchants Group was reorganized from China Merchants Property and AVIC Property in its early years. AVIC's property is mainly institutional property. Since its inception, China Merchants has not been a residential property company in the traditional sense, and its management format includes a large number of non-residential projects such as institutional property.