The Baoneng Group was founded in 1992 and is headquartered in Shenzhen SAR.
Publicly available information shows that Baoneng Group was formerly known as Shenzhen Xinbao Kang Industrial Development Co.
In 2000, the Shenzhen headquarters of Baoneng was established.
Baoneng took a stake in Shum Yip Logistics in 2003, holding the company until it reached more than 40 percent, and then carried out a spin-off in 2006, which resulted in the right to use the Shum Yip Logistics brand. This is the most important step in Baoneng's capital accumulation.
In 2005, the success of Shenzhen Baoneng Taikoo Shing allowed Yao Zhenhua, the helmsman of the Baoneng family, to see the business opportunity of urban mixed-use property development.
Since 2009, Baoneng has been making efforts to develop its business nationwide, and its mixed-use properties have been developed in seven regions across the country. So far, Baoneng has entered more than 30 key cities in South China, North China, Northeast China and Northwest China. Its land reserve is also very considerable, a 2012 data shows that Baoneng's direct and indirect land reserve nationwide has exceeded 20 million square meters.
In 2012, Baoneng Group co-initiated the establishment of Qianhai Life Insurance Company Limited, and finance was included in the map. By now, the Baoneng family has constructed a huge business empire integrating real estate, finance, logistics, medical care, agriculture and many other industries.