China Merchants Shekou, among others, established a property development company in Shenzhen.

According to the Qichacha APP, recently, Shenzhen Zhaofeng Real Estate Co., Ltd. was established with Li Nengcai as the legal representative and a registered capital of 900 million yuan. Its business scope includes engineering management services, non-residential real estate leasing, real estate brokerage, property management, and information consulting services. The equity penetration displayed by Qichacha shows that the company is jointly held by Shenzhen Zhaoshen Real Estate Co., Ltd., a wholly-owned subsidiary of China Merchants Shekou, and Shenzhen Zhaopingfeng Investment Center.