According to official website's national enterprise credit information publicity system, Baoye Group is a private enterprise. Baoye Group Co., Ltd. was established in 1974, formerly known as "Shaoxing Yangxunqiao People's Commune Construction Service Team". On June 30th, 2003, it became the first comprehensive private construction enterprise listed on the main board of China Hong Kong Stock Exchange. It is the winner of the National May 1st Labor Award, a national housing industrialization base, and has the Institute of Construction Engineering and Housing Industrialization of the National Construction Engineering Technology Research Center.