People to Watch in International Business

People to Watch in International Business

PAN SHIYI and ZHANG XIN China's Condo Couple

Soho means chic in China these days, thanks to Beijing Redstone Industrie, a real estate firm owned by Chinese-born Pan Shiyi, 38, and his wife Zhang Xin, 35, a Cambridge-educated former Goldman, Sachs investment analyst. Condos in the company's debut project, Soho New Town, a sleek development, enjoyed sizzling sales among Beijing's burgeoning capitalist class despite prices of $241,000 to $422,000. Asian papers report that the travel-loving duo hopes to go public this year to fund construction of a hotel near the Great Wall, villas on Hainan island and more Beijing condos.


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