Starting as a contractor, China Overseas constructed various significant livelihood and celebrity projects including the water pipeline from Muk Wu to Tai Lam Chung, reclamation project in Tin Shui Wai and etc, interpreting the efficiency and professionalism of a Hong Kong enterprise, as well as the responsibility of a Chinese enterprise. Following the development of construction business, China Overseas expanded its business to property development.
With the reaffirmation of the reform program in Deng Xiaoping’s Southern Tour of 1992, China Overseas was listed in Hong Kong and became the famous red chip enterprise in Hong Kong. Being awarded the Hong Kong International Airport project, Ngong Shuen Chau Naval Base and Gun Club Hill Hospital, we dedicated to contribute to the return of Hong Kong to China. During Asian financial crisis, China Overseas rode together with the Hong Kong community. In 1998, we seized the reform of the commodity property in Mainland and transferred the core of businesses to Mainland.
Stepping into the new millennium, China set off the trend of industrialization and urbanization. China Overseas unleashed the experience and professional advantages in Hong Kong, expanding the property business to the entire China and experiencing a rapid growth on scale and efficiency. By constructing Hong Kong Disneyland and The City of Dreams, Macau, we ranked top at Hong Kong and Macau markets. We experienced the growth of both property and construction businesses with the listing of China State Construction International Holdings Limited and developed its international construction market by entering the United Arab Emirates and India markets.
With the construction of the MGM, Macau, Hong Kong Children’s Hospital and the sales of One Kai Tak and the Regent, Macau, China Overseas built a solid foundation in Hong Kong and Macau markets. Our property business received turnover of over HK$100billion and expanded the operation of commercial property business, at the same time, we merged Shell Electric, Far East Global, CITIC and China State Construction Land, as well as the listing of China Overseas Property. China Overseas formed a business matrix with professional and diversified development with the globalization of property business.
China Overseas embraced the new era with steady growth. We actively followed the country’s strategies in the development of Guangdong – Hong Kong – Macau Greater Bay Area, the coordinated development of the Beijing – Tianjin – Hebei Region, the integrated development of Yangtze River Delta, Belt and Road Initiative and the Xiong’an New Area, dedicating to become the world class investment, construction, operation service provider.