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ORGANIZATION AND DESCRIPTION OF BUSINESS (Tables)
12 Months Ended
Dec. 31, 2016
Organization and Description Of Business [Abstract]  
Consolidation Entities Nature Of Business [Table Text Block]
As of December 31, 2016, the Company has the following major subsidiaries and equity investments.
 
 
Company Name Date of
Incorporation
 Place of
Incorporation
 % of
Ownership
held by the
Company
 Relationship
with the
Company
 Principal activity 
Sunrise Real Estate Development Group, Inc. (“CY-SRRE”) April 30, 2004 Cayman Islands  100%Subsidiary Investment holding 
Lin Ray Yang Enterprise Limited (“LRY”) November 13, 2003 British Virgin Islands  100%Subsidiary Investment holding 
Shanghai XinJi Yang Real Estate Consultation Company Limited (“SHXJY”) August 20, 2001 PRC  100%Subsidiary Property brokerage services 
Shanghai Shang Yang Real Estate consultation Company Limited (“SHSY”) February 5, 2004 PRC  100%Subsidiary Property brokerage services 
Suzhou GaoFengHui Property Management Company Limited (“SZGFH”) January 10, 2005 PRC  100%Subsidiary Property management and leasing services 
Suzhou Shang Yang Real Estate Consultation Company Limited (“SZSY”) November 24, 2006 PRC  75.25%
1
Subsidiary Property brokerage and management services 
Suzhou Xi Ji Yang Real Estate Consultation Company Limited (“SZXJY”) June 25, 2004 PRC  75%Subsidiary Property brokerage services 
LinyiShangyang Real Estate Development Company Limited (“LYSY”) October 13, 2011 PRC  24%
2
Subsidiary Real estate development 
Shangqiu Shang Yang Real Estate Consultation Company Limited (“SQSY”) October 20, 2010 PRC  100%Subsidiary Property brokerage services 
Wuhan GaoFengHui Consultation Company Limited (“WHGFH”) November 10, 2010 PRC  60%Subsidiary Property brokerage services 
Sanya Shang Yang Real Estate Consultation Company Limited (“SYSY”) September 18, 2008 PRC  100%Subsidiary Property brokerage services 
Shanghai RuiJian Design Company Limited (“SHRJ”) August 15, 2011 PRC  100%Subsidiary Property brokerage services 
LinyiRui Lin Construction and Design Company Limited (“LYRL”) March 6, 2012 PRC  100%Subsidiary Investment holding 
 
 
Company Name Date of
Incorporation
 Place of
Incorporation
 % of
Ownership
held by the
Company
 Relationship
with the
Company
 Principal activity 
Shanghai XinJi Yang Real Estate Brokerage Company Limited (“SHXJYB”) January 28, 2013 PRC  75%
3
Subsidiary Property brokerage services 
Wuhan Yuan Yu Long Real Estate Development Company Limited (“WHYYL”) December 28, 2009 PRC  49%Equity investment Real estate development 
Shanghai Xin Xing Yang Real Estate Brokerage Company Limited (“SHXXY”) September 28, 2011 PRC  40%Equity investment Property brokerage services 
XinGuang Equity Investment Management (Shanghai) Company Limited (“SHXG”) December 17, 2012 PRC  49%Equity investment Equity investment and consultancy 
Shanghai Da Er Wei Trading Company Limited (“SHDEW”) June 6, 2013 PRC  23%Equity investment Import and export trading 
Shanghai HuiTian (“SHHT”) July 25, 2014 PRC  100%Subsidiary Investment holding 
Shanghai Tian Xi (“SHSYTX”) August 19, 2014 PRC  100%Subsidiary Investment holding 
Shenzhen HuiTian (“SZHT”) October 15, 2014 PRC  100%Subsidiary Investment holding 
Chongqing Nongxin Shangyang Equity Investment Fund Management Co., Ltd(“CQNXSY”) January 14, 2015 PRC  65%Subsidiary Investment holding 
Suzhou Shangyang Huitian Wealth Investment Management Co., Ltd(SZSYHT) January 14, 2015 PRC  75%Subsidiary Investment holding 
 
1.
After equity transaction in February 2015, The Company holed the equity of SZSY as blow: SZXJY 49%, SHXJY 26% and Sunrise Real Estate Development Group, Inc. (CY-SRRE) 12.5%, totally hold 75.25% equity of SZSY.
2.
The Company and a shareholder of LYSY, which holds 51% equity interest in LYSY, entered into a voting agreement that the Company is entitled to exercise the voting rights in respect of her 51% equity interest in LYSY. The Company effectively holds 75% voting rights in LYSY and therefore considers LYSY as a subsidiary of the Company.
3.
On January 28, 2013, CY-SRRE, SZXJY and an unrelated party established a subsidiary in the PRC, SHXJYB, with CY-SRRE holding a 15% equity interest and SZXJY holding a 60% equity interest in SHXYJB.