Urban Renewal
Business Overview
SIIC engages in urban renewal, with a portfolio that includes property development and investment. The company offers a mix of residential and commercial properties, with core enterprises including SID and SIUD. Its major projects are located in Shanghai, the eastern coastal region, along the Yangtze River, the Yangtze River Delta, the Bohai Economic Rim, as well as second- and third-tier cities in central and western China. SIIC is also committed to implementing the decisions and plans set forth by the CPC Shanghai Municipal Committee and municipal government, actively contributing to the city's urban renewal efforts. This includes advancing the construction of Puxi's tallest building at Lot 91 of the North Bund in Hongkou District, creating the "most beautiful meet-to-world lounge" and a new iconic representation of Shanghai.
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Core Enterprises
Shanghai Industrial Urban Development Group Limited
Shanghai Industrial Urban Development Group Limited (SIUD) is a comprehensive enterprise centered mainly on urban renewal, property development, and investment operations. Founded in Shanghai in 1996, it received investment from Shanghai Industrial Holdings Limited (SIHL) in 2010, which facilitated its integration and led to a successful listing on the Main Board of the Hong Kong Stock Exchange.
SIUD envisions itself as a "core urban city-industry integration developer," concentrating on major urban clusters in China. The company prioritizes high-standard urban renewal initiatives that drive high-quality industrial development and create healthy living spaces. It has currently established a footprint in 10 major cities, including Shanghai, Beijing, Tianjin, Xi'an, Yantai, and Shenyang, managing more than 28 flagship real estate projects. These projects include a diverse range of properties such as luxury residential complexes, upscale office buildings, shopping malls, five-star hotels, serviced apartments, and rental homes. SIUD has frequently been ranked among the top 10 real estate developers for robust operations and the top 50 public real estate companies for overall capabilities. In 2023, SIUD reported total assets of HKD59 billion, net assets of HKD20.5 billion, total revenue of HKD7.954 billion, and a net profit of HKD491 million.
In the coming years, SIUD will continue to follow the "1+1+X" development model to enhance its real estate development, tenancy management, and cooperative progress in new industrial realms. Focusing on the Yangtze River Delta while keeping a strategic outlook on the Hong Kong-Zhuhai-Macao region, the company seeks to become a competitive state-owned enterprise that is robust, high-quality, responsible, and warmly engaged with the community.
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Shanghai Industrial Development Co., Ltd.
Established in 2003, Shanghai Industrial Development Co., Ltd. (SID) has expanded its operations to over ten cities, including Shanghai, Hangzhou, Suzhou, Huzhou, Qingdao, Chongqing, and Chengdu. The company's total assets have grown from CNY3.1 billion at its founding to CNY30.7 billion today.
SID has always remained dedicated to fulfilling its social responsibilities while aligning with the main strategic task of SIIC. Its core principle is "integrating industry with finance and pursuing innovative development." Through active exploration and practical initiatives, the company has established three key business sectors: urban renewal, urban operations, and urban services. The urban renewal sector focuses on the North Bund waterfront in Hongkou District, Shanghai. The urban operations sector currently manages and leases about 700,000 square meters of space, covering office buildings, commercial properties, and long-term rental apartments. The urban services sector has also developed the "SIIC Services" property brand, overseeing nearly 30 million square meters of managed space, ranking 29th nationally in property management strength and 3rd in Shanghai in 2024.
As it looks to the future, SID is dedicated to the mission of "serving urban development," guided by the principles of "pioneering innovation and shared growth." By leveraging industrial growth as its engine and emphasizing the integration of industry and finance as well as innovative development, the company aims to empower the new era, drive organic urban growth, and support social progress and a better quality of life for all.
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Shanghai Industrial Dongtan Investment and Development (Group) Co., Ltd.
SIIC Dongtan Park is located in the eastern part of Chongming Island, about 60 kilometers from downtown Shanghai, covering a total area of approximately 86 square kilometers.
Shanghai Industrial Dongtan Investment and Development (Group) Co., Ltd. has been entrusted by SIIC to promote the ecological development, industrial growth, and management of the SIIC Dongtan Park, in line with the decisions and plans made by the CPC Shanghai Municipal Committee and municipal government for advancing Chongming into a world-class ecological island and its related urban construction and land-use strategies.
——Ecological Development. "Lucid waters and lush mountains are invaluable assets." The company performs its duties under the "forest chief system," "river chief system," and "environmental chief system" in earnest. This includes planting and maintaining approximately 35,600 mu (ca. 2,373 hectares) of forest land, managing over 120 rivers within the park, and enhancing environmental governance, among others, to ensure that Dongtan has clearer skies, cleaner water, and purer soil.
——Infrastructure. The company is on track to develop approximately 21 kilometers of the Dongtan road network, along with public utilities and sewage pumping stations. Additionally, nearly 100 hectares of ecological green space and riverside waterways have been built, creating favorable infrastructure conditions.
——Green Port Agriculture. Centered around green, smart, and digital agriculture, the company is prioritizing the development of industries including grains, vegetables, and aquatic products. It aims to establish a complete agricultural supply chain, transforming the SIIC Dongtan Park into a key supply base for high-quality agricultural products, a model for ecological practices, and a destination for agricultural tourism in Shanghai.
——Ecological Health and Wellness. By focusing on key projects like Ruici Garden, Dongyi Sanatorium, and Shanghai Pharmaceuticals Vocational College, the company is working to build an ecological health and wellness park that features elderly care, medical check-ups, rehabilitation, and therapeutic leisure activities.
——Cultural Tourism and Leisure. With Dongtan Wetland Park as the main venue, the company organizes activities such as bird watching, star gazing, camping, nighttime excursions for the Yangtze alligator, kayaking, cycling, fishing, agricultural learning, and team-building exercises. It strives to deepen the "brand + service" model and expand youth engagement in environmental education and social practice.
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Shanghai SIIC North Bund New Landmark Construction and Development Co., Ltd.
Bund New Landmark Construction and Development Co., Ltd.Shanghai SIIC North Bund New Landmark Construction and Development Co., Ltd. was established in March 2022, with investments from SIIC, Shanghai Chengtou Group Corporation, and Shanghai Construction Group (SCG). This company is specifically responsible for driving the construction of the "480 Project"—a 480-meter-tall project which represents Puxi's tallest building at the North Bund (Lot 91) in Hongkou District, Shanghai. The project sits in the core of the North Bund area, with Dantu Road to the east, Gaoyang Road to the west, East Changzhi Road to the south, and Tangshan Road to the north, covering an area of about 13,000 square meters. The proposed height of the building is 480 meters, and it will feature a total floor area of around 450,000 square meters. The project is being developed to meet "the highest standards and best quality," offering a mix of commercial, office, hotel, tourism, sightseeing, and some other business forms. By creating vertically integrated services, it aims to foster closer connections among those who work, live, relax, or visit here, resulting in a vertical city that is business-friendly, livable, and tourist-friendly.
The 480 Project commenced construction in March 2023 and is expected to be completed by 2030. Once finished, it will complement the historic Bund in Huangpu and Lujiazui in Pudong, creating a unique "Golden Triangle" skyline. This project will become a new landmark of high-quality space serving the city's residents, contributing to the development of Shanghai as an international metropolis.