Is Evergrande a state-owned enterprise?

Evergrande is a private enterprise, not a state-owned enterprise.

Evergrande should have been established on 1996, and its founder was Xu Jiayin. The first one wanted to start from Guangzhou Evergrande Jinbi Garden, so the original base camp of Evergrande was Guangzhou, and later the group headquarters moved to Shenzhen. At present, after 20 years of development, Evergrande has developed into a fortune 500 enterprise integrating real estate, health, tourism, culture and sports.

Evergrande also has many industries. In sports, Guangzhou Evergrande Football Team is the seventh consecutive champion of the Super League. It is also the most important business card of Evergrande. In terms of non-real estate, Evergrande has also developed Evergrande Children's World, and Evergrande Health Valley is suitable for children and the elderly. At present, Evergrande has also set up its own high-tech group, and is also preparing to enter high-tech and accelerate the development of diversified industries.

The development course of China Evergrande Group;

On the evening of June 16, Evergrande Real Estate (03333.HK) announced that it would launch a special resolution at the annual general meeting on June 16 to change the Chinese name of the company from "Evergrande Real Estate Group Co., Ltd." to "China Evergrande Group". If it is renamed successfully, Evergrande will be a private enterprise that rarely uses Chinese prefix, which was only the patent of the giant of central enterprises in the past.

For this name change, the official explanation of Evergrande is that the company's business has become more diversified in recent years. In addition to the traditional real estate development business, it also actively expands industries such as finance, Internet, medical care, culture and tourism. Although property development is still the core business of the Company, the directors believe that the proposed change of company name will better reflect the diversified business strategy and corporate image of the Company.

As Evergrande is a red-chip company with overseas structure, the name change can be completed without the approval of the domestic industrial and commercial departments, and only the approval of the shareholders' meeting next month and the company registration office in Cayman Islands, where it is registered.

Reference to the above content: Baidu Encyclopedia-China Evergrande Group