Binjiang

Business focus

Real Estate & Conglomerates

Description

Binjiang Group (滨江集团) is a Hangzhou-based developer founded in 1992 by Qi Jicai, listed on the Shenzhen Stock Exchange since 2008 (ticker 002244). It focuses primarily on Hangzhou and the broader Zhejiang province market rather than nationwide expansion, holding one of the largest market shares in Hangzhou's residential sector. Known for conservative financial management, Binjiang maintained compliance with China's 'three red lines' debt metrics and remained one of the few private developers to avoid default during the 2021-2024 sector crisis.