|Traded as||SEHK: 3333|
|Founder||Xu Jiayin (Hui Ka Yan)|
|Headquarters||Guangzhou, Guangdong, China|
|Xu Jiayin (Chairman)|
The Evergrande Group or the Evergrande Real Estate Group (previously Hengda Group) is China's second-largest property developer by sales. It is based in southern China's Guangdong Province, and sells apartments mostly to upper and middle-income dwellers.
The company is incorporated in the Cayman Islands.
The group bought football club Guangzhou Evergrande F.C. in 2010 and invested heavily, and under Marcello Lippi they won the 2013 AFC Champions League. The group has a mineral water brand Evergrande Spring (恒大冰泉) and a football tutoring school.
In recent years Chinese property developers like Evergrande and Dalian Wanda have made forays into "alternative, income-generating businesses away from the property market". For example, Evergrande has expanded into solar panels, pig farming, agribusiness, and baby formula.
The firm now has projects in over 170 cities in the country. It is one of the ten largest real estate developers in Mainland China, and one of the five largest real estate developers in Guangdong Province, the other four being Country Garden, Guangzhou R&F Properties, Hopson Development, and Agile Property.
It currently owns 45.8 million square metres of development land and real estate projects in 22 cities (Guangzhou, Tianjin, Shenyang, Wuhan, Kunming, Chengdu, Chongqing, Nanjing, Zhengzhou, Luoyang, Changsha, Nanning, Xian, Taiyuan, Guiyang, etc.) in Mainland China, which ranks second among the Mainland real estate developers, just after Country Garden.
As of 2016, owner Xu Jiayin was the eighth richest Chinese man, worth $4.9 billion.
The Hong Kong Securities and Futures Commission suspended an American investor who criticized the company, which "has raised concerns over freedom of speech in Hong Kong’s financial markets." In the other hand, the SFC suspended him from trading in Hong Kong stocks for 5 years due to his report involve deformation, false information, and conflict of interest that he short selling the company.
- Or, Amy (October 30, 2009). "Evergrande Gets $722 Million". Wall Street Journal.
- Josh Noble; Gabriel Wildau (January 15, 2015). "Dalian Wanda changes property strategy after IPO". Financial Times.
- "Evergrande launches IPO with generous terms", Finance Asia
- , Zeenews
- Gough, Neil (2016-10-20). "Hong Kong Tribunal Suspends Investor Who Criticized Chinese Firm". The New York Times. ISSN 0362-4331. Retrieved 2016-10-21.