Admission to AIM and to listing on the CISX
             



Pacific Alliance China Land Limited admitted to trading on AIM and to
            listing on the Channel Islands Stock Exchange

22 November 2007 - Pacific Alliance China Land Limited  (the
"Company"), a $400 million, closed-ended fund established to invest
in property assets in Greater China, is pleased to announce that it
has today been admitted to trading on the AIM market of the London
Stock Exchange plc ("AIM") under the symbol "PACL", and to listing on
the Channel Islands Stock Exchange.

The Company has appointed Pacific Alliance Real Estate Limited as its
investment manager (the "Investment Manager"). The Investment Manager
has recruited a team of experienced property professionals led by
Patrick Boot, who previously oversaw the start up of ProLogis' China
business.  ProLogis was voted Chinese real estate developer of the
year in 2006 by Euromoney.  The Investment Manager is part of the
Pacific Alliance Group of companies which also includes the
investment managers of Pacific Alliance Opportunity Fund Limited, ARC
Capital Holdings Limited, Vietnam Opportunity Fund Limited, VinaLand
Limited and Vietnam Infrastructure Limited, all of which are traded
on AIM.

The Company will seek to provide shareholders with capital growth and
a regular level of income,  from a diversified portfolio of  property
in Greater China which  would be split among  (i)  strategic  pre-IPO
investments in mid-size regional  developers; (ii) co-investments  in
attractive new  development  projects which  the  Investment  Manager
selects from  its  strategic  partners;  and  (iii)  direct  property
acquisitions at distressed situation prices from developers who  need
to raise  funds  for additional  land  acquisition or  to  make  full
payment on existing land acquisition contracts.

The investment opportunity is driven by the current tight credit
conditions resulting in serious funding constraints or distress for
many developers, who then require co-investment or are forced to sell
properties.  Strong income growth is driving end-user demand and
affordability resulting in favourable market conditions for lease or
sale.

Horst Geicke,  Chairman of  the board  of directors  of the  Company,
commented:
"The Pacific Alliance  Group is  pleased to launch  its latest  fund,
Pacific Alliance  China Land  Limited.   We  are confident  that  the
experienced  investment  team  will  leverage  off  its   established
industry relationships to deliver investment opportunities and unlock
value in the exciting real estate sector in Greater China."

The Company raised US$400 million in gross proceeds through a placing
of 400 million ordinary shares  at US$1.00 per share. Grant  Thornton
Corporate Finance is the Company's  nominated adviser and LCF  Edmond
de Rothschild Securities Limited is the Company's broker. LCF  Edmond
de Rothschild (C.I.) Limited  is the Sponsor for  the listing on  the
Channel Islands Stock Exchange.

                              --ENDS--


Enquiries:

Pacific Alliance China Land Limited
Jon Lewis                                      Tel: + 852 2918 0088

Grant Thornton  Corporate  Finance  (Nominated
Adviser)
Philip Secrett                                 Tel: +44 020 7383 5100

LCF Edmond  de Rothschild  Securities  Limited
(Broker/Market Maker)
Claire Heathfield/Hiroshi Funaki               Tel: +44 020 7845 5960

Media Relations
Sophie Hoggarth (Pacific Alliance)             Tel: + 86 15921772521
Simon Moyse/ Brian Cattell (Finsbury)          Tel: + 44 20 72513801



Notes to Editors:

About Pacific Alliance Group

The Pacific  Alliance  Group  includes  Pacific  Alliance  Investment
Management Limited, the investment  manager of Pacific Alliance  Asia
Opportunity Fund Limited ("PAX"),  ARC Capital Partners Limited,  the
investment manager  for ARC  Capital  Holdings Limited  ("ARCH")  and
VinaCapital  Investment   Management  Ltd,   which  manages   Vietnam
Opportunity  Fund  Limited  ("VOF"),  VinaLand  Limited  ("VNL")  and
Vietnam Infrastructure Limited ("VNI"). Each  of PAX, ARCH, VOF,  VNL
and VNI is traded on the AIM market of the London Stock Exchange plc.
The Pacific  Alliance  Group  also  includes  Pacific  Alliance  Asia
Opportunity Fund  L.P. and  DFJ VinaCapital  L.P. both  of which  are
unlisted limited partnership  investment vehicles. As  at 1  November
2007, the Pacific Alliance Group  collectively had over $3.5  billion
in assets  under management  and employs  over 180  professionals  in
offices in Hong Kong, Shanghai,  Beijing, Hangzhou, Ho Chi Minh  City
and Hanoi.

- ---END OF MESSAGE---
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