Exhibit 8.1

LIST OF SUBSIDIARIES



|1. | China Metro-Rural Limited, a Cayman Islands incorporated company continued in BVI
|-- | ---------------------------------------------------------------------------------



|2. | China Metro-Rural Exchange Limited, (LOGO), a HK company
|-- | --------------------------------------------------------



|3. | China Northeast Logistics City Co., Ltd. , (


LOGO
), a PRC company
|-- | --------------------------------------------------------------------



|4. | Tieling Northeast City Advertising Co., Ltd., (


LOGO
), a PRC company
|-- | -----------------------------------------------------------------------



|5. | Tieling North Asia Property Management Co., Ltd., (


LOGO
), a PRC company
|-- | ---------------------------------------------------------------------------



|6. | Tieling North Asia Development Co., Ltd., (LOGO), a PRC company
|-- | ---------------------------------------------------------------



|7. | Tieling Northeast City Motor Vehicle Trading Co., Ltd., (


LOGO
), a PRC company
|-- | ---------------------------------------------------------------------------------



|8. | Tieling Shengtai Hotel Co., Ltd. (LOGO), a PRC company
|-- | ------------------------------------------------------



|9. | M.S. Electronic Emporium Limited, a BVI company
|-- | -----------------------------------------------



|10. | China Metro-Rural Development Limited, (LOGO), a HK Company
|--- | -----------------------------------------------------------



|11. | China Northeast Logistics City Dezhou Co., Ltd., (LOGO), a PRC company
|--- | ----------------------------------------------------------------------



|12. | Dezhou Northeast City Property Co., Ltd., (LOGO), a PRC company
|--- | ---------------------------------------------------------------



|13. | Dezhou North Asia Property Management Co., Ltd., (LOGO), a PRC company
|--- | ----------------------------------------------------------------------



|14. | Dezhou North Asia Property Co., Ltd., (LOGO), a PRC company
|--- | -----------------------------------------------------------



|15. | Shenzhen China Northeast Logistics City Co., Ltd., (LOGO), a PRC company
|--- | ------------------------------------------------------------------------



|16. | China Glorious City Development Limited, (LOGO), a Hong Kong company
|--- | --------------------------------------------------------------------



|17. | China Glorious City (Hengyang) Co., Ltd., (LOGO(LOGO)LOGO), a PRC company
|--- | -------------------------------------------------------------------------



|18. | Hengyang China Glorious City Business Co., Ltd., (LOGO), a PRC company
|--- | ----------------------------------------------------------------------



|19. | Hengyang China Glorious City Logistics Co., Ltd., (LOGO), a PRC company
|--- | -----------------------------------------------------------------------



|20. | China Glorious City Strategic Limited, (LOGO), a Hong Kong company
|--- | ------------------------------------------------------------------



|21. | China Glorious City Strategic (Zhoukou) Co., Ltd., (LOGO(LOGO)LOGO), a PRC company
|--- | ----------------------------------------------------------------------------------



|22. | Zhoukou Huayu Industries Co., Ltd., (LOGO), a PRC company
|--- | ---------------------------------------------------------



|23. | Zhoukou Huahui Commercial Real Estates Co., Ltd., (LOGO), a PRC company
|--- | -----------------------------------------------------------------------



|24. | China Glorious City Investments Limited, (LOGO), a Hong Kong company
|--- | --------------------------------------------------------------------



|25. | China Glorious City Investments (Zhoukou) Co., Ltd., (LOGO(LOGO)LOGO), a PRC company
|--- | ------------------------------------------------------------------------------------



|26. | Zhoukou China Glorious Property Co., Ltd., (LOGO), a PRC company
|--- | ----------------------------------------------------------------



|27. | Zhoukou Dongyao Industries Co., Ltd., (LOGO), a PRC company
|--- | -----------------------------------------------------------



|28. | China Glorious City Construction Limited, (LOGO), a Hong Kong company
|--- | ---------------------------------------------------------------------



|29. | China Glorious City Holdings Limited, (LOGO), a Hong Kong company
|--- | -----------------------------------------------------------------



|30. | China Glorious City (Shenzhen) Industries Co., Ltd., (


LOGO
(LOGO)LOGO), a PRC company
|--- | ----------------------------------------------------------------------------------------



|31. | China Glorious City (Handan) Industries Co., Ltd., (


LOGO
(LOGO)LOGO), a PRC company
|--- | --------------------------------------------------------------------------------------



|32. | China Glorious City (Handan) Business Co., Ltd., (


LOGO
(LOGO)LOGO), a PRC company
|--- | ------------------------------------------------------------------------------------



|33. | Handan Huahui Business Co., Ltd., (LOGO), a PRC company
|--- | -------------------------------------------------------



|34. | Handan Yaomin Logistics Co., Ltd., (LOGO), a PRC company
|--- | --------------------------------------------------------



|35. | China Glorious City (Nanyang) Industries Co., Ltd., (


LOGO
(LOGO)LOGO), a PRC company
|--- | ---------------------------------------------------------------------------------------



|36. | China Glorious City (HK) Industries Limited, (


LOGO
(LOGO)LOGO), a Hong Kong company
|--- | --------------------------------------------------------------------------------------