Founded in 1984, Vanke began to engage in real estate in 1988, and was the second company to list on the Shenzhen Stock Exchange in 1991. Over the last 30 years, Vanke has become the largest residential developer in China, covering 53 large and medium-sized cities across the country. Over the past three years, the average number of homes sold annually by Vanke has exceeded 60,000, with over 150 million square feet and RMB 170.9 billion of sales in 2013 – the largest in the global real estate industry. Its sustained growth as well as standardized and transparent corporate governance structure has been widely recognized among investors, achieving several international best corporate governance and investor relations awards. Vanke believes that the cornerstone of its success is the commitment to ethical business conduct and professional competence to obtain fair returns. Through this dedicated corporate culture of standardization, transparency and a steady approach to development, Vanke has grown into one of China’s most respected enterprises, both domestically and internationally, being honored as one of “China’s Most Respected Companies” for ten consecutive years. The Company also appeared on Forbes’s 2013 list of Asia-Pacific’s Best Listed Companies.