TOPIC

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Shimao Property Holdings

Shimao Property is a Chinese real estate group with a portfolio of residential, commercial and hotel properties. As of August 2012, it had approximately 70 projects at different stages of development in more than 34 cities, including Beijing, Shanghai and Guangzhou.

Chairman / President

Hui Wing Mau

CEO / Managing Director

Jason Hui Sai-tan

CFO / Finance Director

Pan Dongliang

Industry

Real Estate

Website

shimaogroup.com

Headquarters address

39/F, Tower 1, China Central Place, 81 Jianguo Road, Chaoyang District, Beijing, China

Stock Code

SEHK:0813

Year founded

2001

Savills is holding a formal tender that is expected to close on August 31 for the 1,219-room property on Lantau Island. Photo: Handout

Hong Kong property

Creditors push to sell 2 Hong Kong hotels amid banks’ drive to cut losses

Dual-branded Sheraton complex heads for tender, with stricter capital rules pushing lenders to accept quicker disposals.

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Hong Kong property

Hong Kong banks force sales of distressed commercial property to control losses

22 Jun 2026 - 8:00AM

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DBS Hong Kong expands footprint with US$334 million The Center purchase

15 Apr 2026 - 4:34PM

Shimao Property Holdings

Creditors push to sell 2 Hong Kong hotels amid banks’ drive to cut losses

Dual-branded Sheraton complex heads for tender, with stricter capital rules pushing lenders to accept quicker disposals.

Hong Kong banks force sales of distressed commercial property to control losses

DBS Hong Kong expands footprint with US$334 million The Center purchase

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million

Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.

Debt-ridden contractor Paul Y ordered into liquidation by Hong Kong court

Thirteen public works projects, including 12 joint ventures with other construction firms, to be affected by the winding up order.

China property crisis: Hong Kong court orders Evergrande, HNA units to liquidate

Tianji Holding and HNA Group (International) have become the latest casualties in the mainland’s distressed property sector.

Shimao’s lender seeks private credit deal on US$1.3 billion loan

The loan, which matures on September 30, is backed by a complex in Hong Kong’s Kowloon Tong neighbourhood.

Founder of Chinese developer Zhenro faces action on ‘suspected illegal activities’

Ou Zongrong placed under legal compulsory measures after restructuring support agreement expired, according to holding company.

Slew of indebted Chinese developers face reckoning in Hong Kong courts

Sunac and Shimao have received new liquidation petitions, while Country Garden and Times China face court hearings this month.

Creditors pursue court action against Evergrande, Shimao amid housing slump

China’s developers collectively have over 700 billion yuan worth of property bonds due this year.

Shimao gets more time to restructure debt after rebuffing liquidation petition

Shimao faced liquidation petition from Hong Kong branch of state lender CCB over unpaid borrowings.

China property market faces long recovery road despite debt-plan progress

Sino Ocean and Shimao debt plans inch ahead in ‘positive signal’, but true recovery is still far off given structural issues, analysts say.

Major Chinese developers see sales uptick in September bolstered by stimulus

Analysts question sustainability of gains given uncertainty surrounding the government’s plans for future stimulus.

China’s struggling real estate sector

Once a pillar of economic growth and household wealth, China’s property sector is mired in a downturn. We look at some numbers and ratios to show how far some of the mighty have fallen.

Shimao’s losses widen 90% as China’s property slump shows no recovery in sight

Shanghai-based Shimao posted an interim loss of 22.7 billion yuan (US$3.2 billion) compared with 12 billion yuan a year earlier. Peers Kaisa, Fantasia and Sunac also struggled with poor home sales.

Shimao gets second reprieve, winning 2 weeks for debt workout

Distressed Chinese developer Shimao Group was awarded a two-week reprieve after a Hong Kong court adjourned a winding-up hearing to August 12.

Troubled Chinese developers face unprecedented wave of liquidation suits

A worsening macroeconomic environment is prompting offshore creditors to hasten restructuring efforts, triggering a surge in lawsuits as declining property sales erode asset values, according to industry experts.

Shimao is latest developer to see sales rise since China’s property stimulus

Shimao has become the latest Chinese home builder to report higher property sales aided by Beijing’s stimulus package aimed at reviving its crisis-hit real estate sector.

Debt-laden China Vanke sells plot of land once earmarked for HQ at huge loss

China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid in 2017, as the beleaguered property developer strives to pay down its mountain of debt.

Embattled Shimao faces rare winding-up petition from Chinese state-owned bank

Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction Bank, the country’s second-largest lender, for a financial obligation amounting to around HK$1.58 billion (US$201.8 million).

Shimao seeks offshore investor approval to restructure US$11.7 billion debt

The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.

No takers for defaulted Chinese developer Shimao’s distressed asset

Investors remain bearish about China’s embattled property sector as the weakening economy and elevated default rates sours risk appetite.

UOB sues China’s distressed developer Shimao over loan terms

Shimao, China’s 22nd biggest developer by sales in the first half, was once considered one of the country’s stronger developers, but had been trading at distressed levels in the dollar bond market for months now.

Where are the white knights in China’s US$1.7 trillion property sector?

Anxious to avoid the civil unrest that would almost certainly follow a collapse in the housing market, local authorities are relaxing their stranglehold on the property sector. But will it be enough?

China’s new home prices rise at a slower pace in April

China’s April new home prices grew at a slightly slower pace from a month earlier as lockdown kept homebuyers away.

Two firms quit auditing China’s developers amid Covid-19 controls

The resignations may reignite concerns about the financial transparency and accountability of China’s highly leveraged property developers, with US$33 billion of debt maturing offshore, according to Fitch Ratings.

Property sales at Shimao Group’s subsidiary sink 62 per cent in February

Shanghai Shimao’s slump in contracted sales piles further pressure on parent Shimao Group Holdings, which faces US$3.2 billion of debt repayments this year.