53 real estate companies make Fortune China Top 500 list

​By Wang Yiming
0 Comment(s)Print E-mail China.org.cn, July 30, 2020
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The top 10 real estate companies on the Fortune China Top-500 list.

The real estate sector performs well on the latest list of China's top 500 public companies, released by Fortune China on July 27, with 53 companies making the cut. 

Their total operating revenue reached nearly 4.54 trillion yuan (around $650 billion), a significant increase from last year's 3.7 trillion yuan. 

According to data from the Fortune China website, Country Garden Holdings Co. Ltd. ranked first among listed real estate companies, followed by China Evergrande Group and Greenland Holdings Corporation Ltd. 

Compared to last year's rankings, China Fortune Land Development Co., Ltd. (CFLD) is the only new member to enter the leading 10 real estate developer club in 2020. It also marks the first time that CFLD has been recognized among the top 100 companies in China, climbing 16 spots since last year. 

As the traditional property sector enters a "Silver Age" and China has reiterated the principle that "houses are for people to live in, not for speculation," real estate companies have explored different ways to maintain strong growth. 

CFLD has been focused on developing core metropolitan areas and industry-city integration, a strategy proving to be both stable and reliable. Thanks to its unique developmental PPP model, the company possesses key advantages in operating New Industry Cities. In addition, CFLD has rapidly advanced into the fields of retail property, office buildings and other commercial real estate.

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