Baidu Encyclopedia shows that China Shipping Commercial Real Estate Shanghai Company is a commercial real estate operation platform under China Shipping Enterprise Development Group Co., Ltd. (hereinafter referred to as "China Shipping Group"), mainly engaged in the investment, development and operation management of Grade A office buildings, free office buildings, shopping centers, star-rated hotels and long-term rental apartments. The company type is a limited liability company (wholly owned by Taiwan, Hong Kong and Macao), so it is not a state-owned enterprise. 1979 was founded in Hong Kong, China, and listed on the Hong Kong Stock Exchange in 1992 (stock code: 00688.HK, referred to as "China Overseas Development"). In 2007, it was selected as a component of the Hang Seng Index. The company has 42 years of experience in real estate development and real estate operation management, covering more than 80 cities in Hong Kong, Macao and the Mainland, as well as many countries and regions such as the United States, Britain, Australia and Singapore. In 2020, the company's total assets reached 823.6 billion yuan and its net assets reached 328.4 billion yuan. The sales contract amount was 360.72 billion yuan and the net profit was 43.9 billion yuan.