Sunac

---

title: "Sunac" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["real-estate-companies-of-china", "companies-based-in-tianjin", "real-estate-companies-established-in-2003", "companies-listed-on-the-hong-kong-stock-exchange", "companies-that-have-filed-for-chapter-15-bankruptcy", "offshore-companies-of-the-cayman-islands", "2003-in-tianjin"] description: "Chinese property developer" topic_path: "geography/china" source: "https://en.wikipedia.org/wiki/Sunac" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Chinese property developer ::

::data[format=table title="Infobox company"]

Field	Value
name	Sunac China Holdings Limited
native_name	融创中国控股有限公司
image	Entrance of Sunac headquarters (20221025134002).jpg
image_caption	Headquarters entrance at One Central, Dongzhimen, Beijing, China
type	public
foundation	2003
traded_as
founder	Sun Hongbin
locations
key_people	Sun Hongbin (Chairman)
area_served	China
industry	Real estate
num_employees	24,105
homepage
module	{{Infobox Chinese
child	yes
order	st
s	融创中国控股有限公司
t	融創中國控股有限公司
P	Róngchuàng Zhōngguó Kònggǔ Yǒuxiàngōngsī
::

| name = Sunac China Holdings Limited | native_name = 融创中国控股有限公司 | logo = | image = Entrance of Sunac headquarters (20221025134002).jpg | image_caption = Headquarters entrance at One Central, Dongzhimen, Beijing, China | type = public | foundation = 2003 | traded_as = | founder = Sun Hongbin | locations = | origins = | key_people = Sun Hongbin (Chairman) | area_served = China | industry = Real estate | products = | services = | revenue = | operating_income = | net_income = | num_employees = 24,105 | parent = | divisions = | subsid = | owner = | slogan = | homepage = | module = {{Infobox Chinese |child=yes |order=st |s=融创中国控股有限公司 |t=融創中國控股有限公司 |P=Róngchuàng Zhōngguó Kònggǔ Yǒuxiàngōngsī Sunac China Holdings Limited, or Sunac (), is a major property developer headquartered in Tianjin, China. The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other cities.

In July 2017, Sunac reached a $9.3 billion deal to buy Dalian Wanda's tourism projects and hotels, forming the second-biggest real estate deal ever in China at the time.

History

Sunac was founded in 2003 in Tianjin by Sun Hongbin, previously the founder, chairman, and CEO of Sunco Group. It was listed on the Hong Kong stock exchange on 7 October 2010 with the IPO price of HK$3.48 per share.

In July 2017, Sunac acquired 13 tourism projects from Dalian Wanda for US$6.6 billion The company also acquired a stake in Chinese streaming service le.com in 2017.

In March 2020, the company reported profits of $3.7 billion in 2019, an increase of 57% from the previous year.

In April 2022, Sunac was among stocks that were suspended from trading after missing the deadline to report annual results, due to the 2020–2023 Chinese property sector crisis.

In September 2023, Sunac filed for Chapter 15 bankruptcy.

In January 2025, China Cinda (HK) Asset Management filed a winding-up petition over Sunac's failure to repay a loan of US$30 million. The petition could lead to other creditors demanding accelerated payments or enforcement actions.

Corporate affairs

The company has an office in One Central (使馆壹) in Dongcheng District, Beijing, and one in Magnetic Plaza (奥城商业广场) in Nankai District, Tianjin.

References

References

1. "Sunac China Holdings Ltd (1918.HK)".
2. "Sunac China's shares soar as $9.3 billion Wanda property deal seen as positive". Reuters.
3. "SUNAC CHINA HOLDINGS LTD. (1918)". Hong Kong Exchanges and Clearing.
4. (30 September 2010). "Sunac raises $337 million on HK IPO". Reuters.
5. Ho, Jane. (2017-11-15). "China's Richest 2017: Property Developers Have A Banner Year".
6. (2020-03-27). "Sunac China Defies Downturn, Reports 57% Leap in Profit for 2019".
7. (April 1, 2022). "Stocks Suspended; Home Sales Slump Deepens: Evergrande Update".
8. (September 19, 2023). "Sunac China Holdings Files for Chapter 15 in New York Court".
9. (2025-01-10). "Indebted developer Sunac China faces liquidation threat in Hong Kong".
10. "Contact". Sunac.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::