CITIC Urban Development & Operation

CITIC Urban Development & Operation

CITIC Urban Development & Operation positions itself as a smart city operator, focusing on key regions such as the Beijing-Tianjin-Hebei region, the Greater Bay Area, the Yangtze River Delta, and the Chengdu-Chongqing Economic Circle. It has developed large-scale projects including Tianfu new area in Chengdu, CITIC Coast New Town and Cross-Harbor Tunnel in Shantou. Through various approaches such as constructing major infrastructure and supporting facilities for public buildings, developing high-end residential properties, and promoting urban renewal, the company contributes to national strategies and the development of new-type urbanization. In response to the current real estate market situation, the company has recently been focused on synergizing industry and finance to resolve risks in the real estate sector. It has successfully implemented several benchmark projects including Shenzhen Kaisa and Zhuzhou Huachen, effectively exploring and practicing innovative models for resolving real estate risks.