The company is an important state-owned subsidiary controlled by Chongqing Urban Construction Investment (Group) Co., Ltd. The company's predecessor was the Chongqing Urban Housing Administration Office established on December 2, 1978. It was listed on the Shenzhen Stock Exchange on July 12, 1993. It was the first real estate development enterprise in Chongqing, one of the first three listed companies in Chongqing, the first listed real estate development company in Chongqing, and is currently the only municipal state-owned listed real estate development enterprise in Chongqing. The company's main business is real estate development and sales. The company has been rated as a “National AAA Credit Enterprise” by the China Housing Association for 10 consecutive years, and has won “Chongqing Civilized Unit”, “Three Gorges Cup High Quality Structural Engineering Award”, “Chongqing Excellent Property Enterprise”, the company's credit rating maintainer AA for 11 consecutive years, debt AAA, and “Best Delivery Quality Award” and “Municipal Safe and Civilized Demonstration Site”.