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. The company is an enterprise engaged in real estate development and management. Its business scope covers residential project development, commercial project development, property holding management, property service management, etc. Real estate development and management enterprises, the scope of business covers residential project development, commercial project development, property service management and other corporate honors: from 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 Company's Top 50 Comprehensive Strength Awards, etc.
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