COFCO Group Co., Ltd., the ultimate controlling shareholder of Joy City Real Estate Co., Ltd., is a large state-owned enterprise directly under the central government and has been on the Fortune 500 list for 29 consecutive years. COFCO Group is one of the 16 central enterprises approved by the State Assets Administration Commission whose main business is real estate development, investment and management. “Joy City” is the COFCO Group's flagship brand in the commercial real estate field. The Group adheres to the development, operation and management of urban complexes under the Joy City brand as its main business direction. It also develops, sells, invests and manages other property projects, and has four major business segments: investment property, property development, hotel operation, management export and other services. By the end of 2023, the Group had laid out the core cities and surrounding radiation areas of the five major urban agglomerations, including Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Cheng-Chongqing, and the middle reaches of the Yangtze River, and successfully entered into 24 cities in mainland China, including Beijing, Shanghai, Guangzhou, Tianjin, Hangzhou, Nanjing, Chengdu, Xi'an, Wuhan, Sanya, Changsha, Suzhou, Xiamen, and Nanchang, and Hong Kong. It owns or manages 32 Dayue City, Dayue and other commercial projects, as well as prime locations in prime urban areas such as Beijing, Shanghai, Guangzhou, Tianjin, Hangzhou, Nanjing, Chengdu, Xi'an, Wuhan, Sanya, Changsha, Suzhou, Xiamen, and Nanchang, and Hong Kong. Investment properties, Beijing Chenyue International, Xi'an Yuechang Jing, Suzhou Dayue Lion Popular sales properties such as Shanyi, as well as luxury hotels of top international brands such as St. Regis Sanya Yalong Bay Resort, Sanya MGM Resort, and Beijing Waldorf Astoria Hotel in operation. The Group's property projects are located in the core area of first-tier or second-tier cities. They have excellent geographical location, excellent quality, and good investment value and value-added space. As a service provider for urban operation and a better life, the Group has always served urban development and a better life for the people, carried out the social responsibility of central enterprises, and worked hard to give back to the country and society!
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