Shimao Property is a large real estate developer in China with contract sales of CNY 176 billion in 2018. Property development, property investment, and hotels account for 95%, 2%, and 1% of total earnings, respectively. Shimao holds residential development projects and hotel, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is 29%, with the company's founder, Hui Wing Mau, holding the remaining stake.