Shimao Property
Encyclopedia
Shimao Property Holdings Limited is one of the largest property developers in Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

. It was founded in 2001 by Xu Rongmao
Xu Rongmao
Xu Rongmao, JP , Hui Wing Mau in Cantonese translation, is the Chinese entrepreneur and billionaire, and the founder and the chairman of Shimao Property, one of the largest property developer in Shanghai.-Biography:Xu grew up in Fujian Province, the oldest of the eight children...

, a Chinese
Chinese people
The term Chinese people may refer to any of the following:*People with Han Chinese ethnicity ....

 billionaire
Billionaire
A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...

.

It was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...

 in 2006 with its IPO price at HK$6.25 per share.

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