Shanxi-based property developer Chenxing Development makes its international debut with a successful IPO.
Release date:
Jul 06,2015
On July 3, 2015, Chenxing Development successfully listed on the Hong Kong Stock Exchange, becoming Shanxi Province’s first publicly traded real estate company. This milestone marks the beginning of Chenxing’s new chapter in international expansion and positions the company as one of Shanxi Province’s most valuable brands—set to be remembered in the annals of Shanxi’s corporate development history. Chenxing Development is currently one of the largest real estate developers in Shanxi Province, holding national-level Grade-A real estate development qualifications and having earned ISO9001 certification for its quality management system. Since its inception in Jinzhong, Shanxi, in 1997, Chenxing Development has remained steadfast over the past two decades, adhering to the core values of "integrity and responsibility, pioneering innovation, people-oriented leadership, and commitment to serving society."
On July 3, 2015, Chenxing Development successfully listed on the Hong Kong Stock Exchange, becoming Shanxi Province’s first publicly traded real estate company. This milestone marks the imminent start of Chenxing’s new chapter in international expansion and positions the company as one of Shanxi Province’s most valuable brands—setting a lasting legacy in the region’s corporate development history.
Chenxing Development is currently one of the largest real estate development enterprises in Shanxi Province, holding national-level real estate development qualifications and having successfully obtained ISO9001 quality management system certification. Since its establishment in Jinzhong, Shanxi, in 1997, Chenxing Development has steadfastly adhered to its core business philosophy and service ethos: "Integrity and Responsibility, Pioneering Innovation, People-Oriented Approach, and Serving Society." Guided by the principle of building a strong brand through integrity and enhancing profitability via that very brand, the company has pursued a regional growth strategy—rooted in Shanxi while expanding its operations nationwide.
In 2015, Chenxing was proudly recognized as No. 245 on the prestigious "Top 500 Chinese Real Estate Developers" list, jointly selected by the China Real Estate Research Association, the China Real Estate Industry Association, and the China Real Estate Appraisal Center. Moreover, among all property developers in Shanxi Province, Chenxing ranked first. Notably, its flagship project, Chenxing Youshan Meijun located in Taiyuan, achieved the impressive milestone of ranking second in the city’s annual single-project sales area in 2014, with a remarkable 173,000 square meters sold throughout the year.
As of 2015, Chenxing Development had completed the construction and development of 12 projects, with a total floor area of 2.4 million square meters in its land reserves. The company now boasts five wholly-owned subsidiaries across China and has evolved into a large-scale, diversified enterprise spanning real estate development, commercial distribution, education investment, and other sectors. Today, Chenxing operates nearly 20 entities covering seven major industries.
With its robust development capabilities and significant growth potential, Chenxing has become Shanxi Province’s first real estate company listed on the stock market—and has even earned the prestigious title of "Golden Stone," resonating far beyond national borders.
The entrepreneurial spirit of Jinshang—marked by ambition, dedication, and integrity—has long been a hallmark of Shanxi’s business culture. After years of quiet resilience, Chenxing Development has successfully revived this storied legacy, restoring its former glory to the forefront of the industry.
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