The company was founded in April 1954 and is the first state-owned enterprise to develop and operate real estate with the approval of the State Council after the liberation of Shanghai. In September 1993, the company was restructured as a stock listed company. Adhering to a strategic focus, the company is committed to the core areas of real estate development and asset management, while actively expanding the modern agriculture and property service life sectors. Corporate honors: In 2013-2014, it won the title of “Five-Star Honest Creation Enterprise” in Shanghai, the 6th (2011-2012) Shanghai Top 50 Real Estate Development Enterprises, 2011-2012 Shanghai Learning Enterprise, and the 2012 China Real Estate Listed Companies Top 50 Comprehensive Strength Title.