Is Vanke a state-owned enterprise?

Strictly speaking, Vanke is neither a state-owned enterprise nor a private enterprise, but a state-owned joint-stock enterprise and a mixed-ownership enterprise. Vanke Enterprise Co., Ltd. was established in 1984. After more than 30 years of development, it has become a leading provider of urban and rural construction and life in China.

Vanke Enterprise Co., Ltd. (hereinafter referred to as Vanke or Vanke Group) was established in May 1984 and its headquarters is located in Vanke Center, No.33 Huanmei Road, Dameisha, Yantian District, Shenzhen City, Guangdong Province, China. In 20 14, Vanke extended the positioning of the company's three good residential suppliers to urban supporting service providers. In 20 18, this position was further iteratively upgraded to a provider of urban and rural construction and living services, and it was specifically divided into four roles: a teacher of good life scenes, a new force in the real economy, an experimental field for innovation and exploration, and a builder of harmonious ecology. In 20 17, Shenzhen Metro Group became the largest shareholder of the group, and always supported Vanke's mixed ownership structure, Vanke's urban and rural construction and life service provider strategy and business partner mechanism, Vanke's management team's operation and management according to the established strategic objectives, and the deepening of the track+property development model.

Vanke has always insisted on providing good products and services for the people, and through its own efforts, it has made contributions to meeting people's needs for a better life. At present, the ecological circle built by the company has begun to take shape: in the field of housing, the company has always adhered to the residential nature of housing, insisting on building good houses for ordinary people and building houses for their own use. On the basis of consolidating the inherent advantages of residential development and property services, its business has been extended to commercial, long-term rental apartments, logistics warehousing, hotel vacations, education and other fields, laying a good foundation for better serving people's needs for a better life and realizing sustainable development. In the future, the company will always adhere to the road of course, work together, focus on people's needs for a better life, take cash flow as the basis, deeply practice the strategy of urban and rural construction and life service providers, continue to create real value, and strive to become an excellent enterprise worthy of the great new era.