Hopson Development Holdings Limited or Hopson Development (), established in

Guangzhou Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, in 1992, is one of the five largest real estate

private companies A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is ...

Guangdong Province ) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...

. (The others are

Country Garden Country Garden () is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. It ranked 206th in Fortune Global 500 list of 2023. Country Garden features a market capitalization of over US$29.84 billion as of 20 ...

Evergrande Real Estate Group The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales. It was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income dwellers. Evergrande was in ...

R&F Properties R&F Properties () is a Chinese property developer based in Zhujiang New Town, Guangzhou, Guangdong. Established in 1994, it is one of the largest-scale real estate companies in Guangzhou. It is engaged in integrating real estate design, developm ...

and

Agile Property Agile Property Holdings Limited () is a land developer with its business focused in Guangdong Province, China. It was established in 1985 as a furniture maker in Zhongshan City, and entered the property business in 1992. On December 15, 2005, Ag ...

.) It focuses on property developments, including

residential A residential area is a land used in which houses, housing predominates, as opposed to industrial district, industrial and Commercial Area, commercial areas. Housing may vary significantly between, and through, residential areas. These include ...

property,

commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

property,

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...

and

tourist Tourism is travel for pleasure, and the commercial activity of providing and supporting such travel. UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity on ...

property, and

property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and mon ...

business, in major

Mainland Mainland is defined as "relating to or forming the main part of a country or continent, not including the islands around it egardless of status under territorial jurisdiction by an entity" The term is often politically, economically and/or demogr ...

cities such as Guangzhou,

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

Tianjin Tianjin is a direct-administered municipality in North China, northern China on the shore of the Bohai Sea. It is one of the National Central City, nine national central cities, with a total population of 13,866,009 inhabitants at the time of the ...

and

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

. It was listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

in 1998. Its headquarters are in

Chaoyang District, Beijing Chaoyang District () is an urban list of administrative divisions of Beijing, district of Beijing. It borders the districts of Shunyi, Beijing, Shunyi to the northeast, Tongzhou, Beijing, Tongzhou to the east and southeast, Daxing, Beijing, Daxin ...

. Its headquarters were previously in

Zhujiang New Town Zhujiang New Town or Zhujiang New City is a central business district in Tianhe District, Guangzhou city, Guangdong province, China. It is bounded by Huangpu Avenue on the north, the Pearl River on the south, Guangzhou Avenue on the west ...

, Guangzhou. On October 4, 2021, during the

Evergrande liquidity crisis The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales. It was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income dwellers. Evergrande was in ...

, the Cailian Press reported that Hopson Development was set to buy a 51% stake in

Evergrande The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales. It was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income dwellers. Evergrande was in ...

for around 5 billion

United States dollar The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

s. However, by October 20, ''The Guardian'' reported that this value was decreased to 2.6 billion dollars, and that activity surrounding such deal with suspended following objection by the Guangdong provincial government, which is overseeing Evergrande's restructuring.

References

External links

Hopson Development Holdings Limited
{{Real estate companies of China Companies listed on the Hong Kong Stock Exchange Real estate companies of China Privately held companies of China Companies based in Guangzhou Real estate companies established in 1992 Chinese companies established in 1992

See also

References

External links