EXHIBIT 8.1  SUBSIDIARIES OF THE REGISTRANT  Wholly owned subsidiaries:  ·IFM Company Ltd., incorporated in the Cayman Islands  ·Beijing Aifeite International Franchise Consultant Co., Ltd., incorporated in the Peoples Republic of China  ·City Integrated Residential Services (China) Limited, incorporated in Hong Kong, S.A.R.  ·Shanghai Yaye Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·CIR Real Estate Consultant (Shenzhen) Co., Ltd., incorporated in the Peoples Republic of China  ·Genius Nation Investments Ltd., incorporated in the British Virgin Islands  ·Shanghai Ruifeng Real Estate Investments Consultant Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing Anxinruide Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Shanghai Anshijie Real Estate Consultant Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing Kaisheng Jinglue Guarantee Co., Ltd., incorporated in the Peoples Republic of China  ·Kaisheng Jinglue (Shanghai) Investment Management Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing IFM International Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing IFM Investment Managements Limited, incorporated in the Peoples Republic of China  ·Shanghai Ruifeng Investment Managements Limited, incorporated in the Peoples Republic of China  ·Beijing Huachuang Xunjie Technology Co., Ltd., incorporated in the Peoples Republic of China  ·Shenzhen Kaian Investments Guarantee Co., Ltd., incorporated in the Peoples Republic of China  ·Chengdu Yize Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Chengdu Yichuan Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Sichuan Yidao Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing Hui Jin Mortgage Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing Kudiantongfang Technology Co., Ltd., incorporated in the Peoples Republic of China  ·Guangzhou Anshijie Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Sichuan Ruichangyuan Investment management Co., Ltd., incorporated in the Peoples Republic of China  ·Beijing Longhe Weiye Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Sichuan RuichuanReal Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  ·Shenzhen Quancheng Management Services Co.Ltd., incorporated in the Peoples Republic of China


Consolidated entities:  ·Business Vision Management Consultants Limited, incorporated in Hong Kong, S.A.R.  ·Beijing Kaicheng Huaxin Investment Consultants Limited, incorporated in the Peoples Republic of China  ·Beijing Xinrui Shijiao Business Managements Consultant Co., Ltd., incorporated in the Peoples Republic of China  ·Tianjin Shiji TianRe Investment Management Company Ltd., incorporated in the Peoples Republic of China  ·Beijing Huaxing Tianye Investment Management Co., Ltd., incorporated in the Peoples Republic of China  ·BeijingKaisheng ChuangfuInvestment Co., Ltd, incorporated in the Peoples Republic of China  ·SG International Investments Limited, incorporated in the Cayman Islands  ·SG Strategic Investments (Hong Kong) Limited, incorporated in Hong Kong, S.A.R.  ·Beijing SG New Century Consulting Service Company, incorporated in the Peoples Republic of China  ·Beijing SG Xinrui Real Estate Brokerage Co., Ltd., incorporated in the Peoples Republic of China  Equity Investments:  ·Shaanxi Lide Industry Investments Co., Ltd., incorporated in the Peoples Republic of China  ·Tianjin Shiji TianRe Equity Investment Fund Management Limited Partnership, incorporated in the Peoples Republic of China  ·Tianjin Shiji TianRe Equity Fund Limited Partnership, incorporated in the Peoples Republic of China