Xiamen Fangchanghong Group Co., Ltd. is a comprehensive private joint-stock enterprise. The company was founded in 1992. In February 2006, it was established on the basis of the restructuring of the former state-owned Xiamen Municipal Materials Group. It was initiated by the main leaders of the former Municipal Materials Group and jointly established with other investors to introduce strategic funds.

The company has a stable and mature management team. Its main leaders are all former state-owned enterprise leaders who have received higher-level professional training in business administration and have rich experience in business management and group enterprise operations.

The company attaches great importance to various basic management tasks, believes in the people-oriented management philosophy, and has established and improved a series of internal operating systems, including the organic combination of board decision-making and general manager management responsibility system; cadre training and talent introduction mechanism; a flexible adjustment and command system of centralization and authorization; project and subsidiary budget management methods, etc.

With the structural changes in domestic and international economic development, the company's industry and layout have also been adjusted, gradually transitioning from real estate as the main business to trade, shopping malls, forestry and other diversified businesses. It also maintains a completely open cooperation strategy and looks forward to all-round cooperation with institutions, individuals and funds with common values.