Tangcheng Group established in July 2009 in Adelaide which is the capital city of South Australia, the main business is property development and investment,mining and related industry. At present, the company owns four sites in Adelaide CBD which are ready for development. The total investment funds are around $300 million for four projects. It will create around $15 million stamp duty tax and around $30 million tax for Cost of Goods Sold for South Australian Government; it also will provide at least 600 job opportunities to the local building industries. The Adelaide City Council and State Government of South Australia showed a high degree of attention to Tangcheng Group, and the four projects¡¯ development of Tangcheng will promote South Australia¡¯s economy greatly and strongly.