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Hualian Holdings Co., Ltd. was established on September 11, 1989. The group was originally directly affiliated to the Ministry of Textile Industry. After the withdrawal of the Ministry of Textile Industry, it was directly managed by the Central Large-scale Enterprise Working Committee and the State-owned Assets Supervision and Administration Commission. One of the enterprises was transferred to a state-controlled enterprise group in the process of reform and adjustment of the state-owned enterprises directly under the central government in 2005.

After 28 years of development, Hualian Development Group has developed into a large-scale equity enterprise group with real estate development as its main business, high-tech and venture capital as its auxiliary industry, and is one of the 520 key enterprises in the country. The Group currently has more than 10 wholly-owned and holding companies and two listed companies such as “Hua Lian Holdings” and “Shenzhong Guan”. The industrial development is mainly based in Shenzhen, radiating Zhejiang and Shanghai.