China Fortune Land Development
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China Fortune Land Development
China Fortune Land Development Co., Ltd. is a publicly traded Chinese real estate developer, based in Beijing, headed by Wang Wenxue and focused on industrial parks. They are the current owners of Chinese Super League club Hebei China Fortune F.C., whom they purchased on 27 January 2015. Wang Wenxue still the largest shareholder of the company via China Fortune Land Development Holding. As of May 2015, Wang Wenxue has an estimated net worth of US$4.1 billion. China Fortune Land Development was a constituent of the CSI 300 Index (index for large to medium-sized companies in the mainland China's stock exchanges) as well as its sub-index CSI 100 Index The CSI 100 Index () is a capitalization-weighted, free float adjusted stock market index designed to replicate the performance of top 100 stocks traded in the Shanghai and Shenzhen stock exchanges. It is a sub-index of CSI 300 Index The CSI .... Since June 2017, it also part of Shanghai Stock Exchange's blue chip index: S ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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