Is Evergrande listed?

Evergrande Group is listed with stock code 03333. Evergrande Real Estate Group (hereinafter referred to as Guangzhou Evergrande or Evergrande Real Estate) was established in Guangzhou, Guangdong Province, China on 1997. It is a subsidiary holding company of China Evergrande Group and the main body of the Group's real estate business, headquartered in Shenzhen, Guangdong Province, China. Unified social credit code is 91440101231245152y. The registration number is 440 10 1000205860.

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Listing is a term in the securities market. In a narrow sense, listing is an initial public offering (IPO), which refers to the process that an enterprise issues additional shares to investors for the first time through a stock exchange in order to raise funds for enterprise development. When a large number of investors subscribe for new shares, they need to draw lots for allotment, which is also called drawing new shares. Investors who subscribe expect to sell at a price higher than the subscription price. In the context of China, listing can be divided into three ways: China companies are listed in China or listed on Shanghai and Shenzhen stock exchanges (A shares or B shares); China companies go directly to overseas stock exchanges (such as new york Stock Exchange, Nasdaq Stock Exchange and London Stock Exchange) (H shares); China companies indirectly set up offshore companies overseas and listed on overseas stock exchanges in the name of offshore companies (red chips).

Up to now, Evergrande Group has not been listed on the domestic A-share market. Evergrande Real Estate is China Evergrande (3333. HK), while China Evergrande is listed in Hong Kong. It should be noted that there are some differences between Hong Kong stocks and A shares. It is important that investors have different views on real estate companies.

Foreign investors usually value companies according to the net asset value valuation method. This algorithm is based on the company's net assets, discounting the cash flow that may be generated in the future, and subtracting the funds borrowed by the company to get the present value of a company. Under normal circumstances, real estate companies compare the amount of land reserves and predict the risks of the future property market. Usually, the more land reserves, the more stable the style and the higher the market value (such as Longhu, Zhonghai and most Hong Kong enterprises). However, for Evergrande, Country Garden, Sunac and other enterprises, even if they have a large amount of soil reserves, but the style is extreme, then the market value will fluctuate greatly with the changes of the market. In addition, if it is a radical enterprise without soil reserves, it will be classified as junk stock.