Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese real estate developer. It was founded as a state-owned enterprise. As of 31 December 2016^[update], the top 10 shareholders of the listed company owned a combined 88% shares, with some state-owned enterprises having invested in Greenland via private equity funds.

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Greenland Holdings

Trade name	Greenland Group
Company type	public
Traded as	SSE: 600606 SSE 50 Component
Industry	real estate, property development, construction, property investment, real estate financing
Founded	1992
Headquarters	Shanghai , China
Area served	Mainland China
Key people	Zhang Yuliang (Chairman & President)
Products	apartments, infrastructure, real estate property, financial loans
Revenue	CN¥247.400 billion (2016)
Operating income	CN¥015.329 billion (2016)
Net income	CN¥007.207 billion (2016)
Total assets	CN¥733.138 billion (2016)
Total equity	CN¥056.271 billion (2016)
Owner	Shanghai Government (46.37%) employees (28.99%) Ping An Trust (06.61%) others (18.02%)
Footnotes / references in consolidated financial statement[1]

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As of 2014^[update], it owned about US$58 billion in assets.^[2] By the company's own estimate, in 2014 it was the largest real estate developer in the world by floor space under construction and sales revenue.^[3]

Greenland Holdings was created in 1992 to develop green belts around Shanghai.^[4] Starting around 2013, it began to make major investments in developments outside of China.^[3] As of 2014^[update], these include Metropolis Los Angeles in Los Angeles,^[4] Spire London, a 235-metre residential skyscraper in the London Docklands,^[5] Greenland Centre Sydney in Sydney, Atlantic Yards in New York,^[6] and an 872 unit condo plus 122 room hotel complex in Toronto.^[7]

In 2014 the company took over Shanghai Jinfeng Investment (Chinese: 上海金丰投资) as part of a backdoor listing.^[8][9] Since June 2017, it has been part of Shanghai Stock Exchange's blue chip index: SSE 50 Index.^[10]

In July 2023, the company defaulted on a $432 million dollar bond.^[11]

Greenland Group are the current majority shareholder of the Chinese Super League club Shanghai Shenhua F.C., having officially taken over the operation of the club after purchasing the 28.5% share owned by previous majority shareholder Zhu Jun in January 2014.^[12]

Despite 46.37% of the company being owned by the Shanghai Government, some members of the board, current, and former employees also own 28.99% of shares as the second largest shareholder. Both Greenland Holdings and the employee-owned private equity fund are represented by Zhang Yuliang (Chinese: 张玉良) as the legal representative.

The 15-person board of directors consists of 5 independent directors, as well as Zhang Yuliang, Tan Jiancheng, vice-chairman of Greenland Holdings and vice-president of Shanghai Municipal Investment Group), Cai Shunming, vice-chairman of Greenland Holdings and vice-president of Shanghai Land Group), Xu Jing, executive vice-president), Zhang Yun, executive vice-president), Tian Bo, ex-vice president of Greenland Holdings), Ji Guanglin, Greenland Holdings director and chairman of associate company Shanghai SMI Holding, a subsidiary of Shanghai Municipal Investment Group), He Qiju (Chinese: 何启菊, Greenland Holdings director and a manager of Shanghai Land Group), Zhou Qing (Chinese: 周青, Greenland Holdings director and deputy general manager of associate company Shanghai Star Group, a subsidiary of Shanghai Land Group) and Song Chengli, Greenland Holdings director and vice-chairman of Ping An Trust). To sum up, out of 10 non-independent directors, the Shanghai Government has 5 seats, while Ping An Trust has one seat.

As of 31 December 2016

• Shanghai Municipal People's Government's State-owned Assets Supervision and Administration Commission
  • Shanghai Land Group (25.82%)
  • Shanghai Municipal Investment Group (20.55%)
• Management board and employee of Greenland Holdings via a private equity fund (Chinese: 上海格林兰投资企业(有限合伙), 28.99%)
• Shenzhen Ping'an Innovation Capital Investment (Chinese: 深圳市平安创新资本投资有限公司), a subsidiary of Ping An Trust of Ping An Group (6.61%)
• Shanghai Tianchen (2.29%)
• Chinese: 上海鼎晖嘉熙股权投资合伙企业(有限合伙), a private equity fund that CDH Investments acted as GP (1.80%)
• Chinese: 上海国投协力发展股权投资基金合伙企业(有限合伙), a private equity fund that SDIC acted as GP (0.91%)
• Chinese: 中国工商银行股份有限公司－中证上海国企交易型开放式指数证券投资基金), an index tracking fund that ICBC acted as GP (0.34%)
• Chinese: 珠海普罗股权投资基金(有限合伙), a private equity fund from Zhuhai (0.33%)