China New Town, a subsidiary of CDBC, listed shares which were delisted from Singapore Exchange (SGX) on Hong Kong Exchanges and Clearing (HKEx). China New Town is a CDBC-controlled company specializing in new town planning and development, which had been listed on both SGX and HKEx. To simplify the shareholding structure, shift focus to the Chinese capital market and rationally allocate resources, China New Town officially initiated the delisting process in Singapore in 2016 and has successfully listed shares delisted from SGX in Hong Kong, leading to positive capital market reaction. Looking into the future, CDBC will support the development of new urbanization and improve the quality and efficiency of investment in new town projects by leveraging its advantages and following the strategy on national supply-side structural reform and development.