China Merchants Property (Hangzhou) Co., Ltd.

China Merchants Shekou Industrial Zone Holdings Co., Ltd. (referred to as "China Merchants Shekou", stock code 001979.SZ) is the flagship enterprise of China Merchants Group's urban comprehensive development and operation segment. It is also an important core asset integration and business synergy platform for China Merchants Group in China.
The predecessor of China Merchants Shekou, "China Merchants Shekou Industrial Zone Co., Ltd.", was founded in 1979. It is the birthplace of China's reform and opening up and has made important historical contributions to China's economic development. It has incubated and nurtured well-known enterprises represented by China Merchants Bank, Ping An Insurance, China International Marine Containers (Group) Co., Ltd., Kingdee Software, TCL, China Merchants Property, etc.
On December 30, 2015, China Merchants Shekou absorbed and merged with China Merchants Property, achieving the overall listing of China Merchants Group's urban comprehensive development and operation segment. After nearly 40 years of development, China Merchants Shekou has grown into a comprehensive urban and park development and operation service provider.
China Merchants Shekou's main business covers three major segments: community development and operation, park development and operation, and cruise industry construction and operation, while focusing on the needs of residents, enterprises, and governments. The company promotes urban upgrading and development through the integration of industry, network, finance, and city, and is committed to building smart cities, smart business districts, smart parks, and smart communities.
At present, China Merchants Shekou has huge prospects for land resource appreciation in China's core cities, while steadily expanding overseas, focusing on world-class gateway cities and regions along the "Belt and Road" where China Merchants Group has a presence. China Merchants Group will also actively mobilize comprehensive resources in finance, ports, logistics, trade, shipping, etc., to fully support the long-term development of China Merchants Shekou.
As of the end of 2018, China Merchants Shekou's total assets reached RMB 420 billion. In 2018, China Merchants Shekou achieved sales revenue of RMB 170.6 billion, with a presence in nearly 60 cities nationwide and more than 400 boutique projects developed.