Developers restructure for changing market

China's large and medium-sized property developers are restructuring their business by diversifying their activities or geographic presence to deal with the latest round of policy tightening.

Hong Kong-listed property developer Beijing Capital Land Ltd has quickened its step in building outlet complexes - projects integrating the residential, commercial, industrial and tourism sectors - as part of efforts to diversify its business.

In its 2012 annual report, Beijing Capital Land said the company will further promote business restructuring featuring the construction of residential and outlet complexes.