Xinyuan is a
real estate developer building large-scale residential projects for middle-income consumers in China's
Tier II cities. The company was founded in 1997 in
Zhengzhou, China and puts up developments aimed at providing middle-income consumers with a community lifestyle. Xinyuan's business model emphasizes high asset turnover, efficient working capital management and strict cost control. Xinyuan's projects in China extend to Tier II cities: Chengdu, Hefei, Jinan, Kunshan, Suzhou, and Zhengzhou. They have a total of 26 projects and more than 3 million square meters of GFA developed, under construction and under planning. On December 7, 2005, Forte (Group) Co. Ltd announced that its subsidiary Shanghai Xinyuan Real Estate Development Co. Ltd had successfully acquired 30% stake of Shanghai Baisi Property Co. Xinyuan's holding company is based in the
Cayman Islands. On 18 April 2008, Xinyuan's corporate headquarters was relocated from
Zhengzhou to
Beijing. Underwritten by
Merrill Lynch,
Deutsche Bank Securities, and
Allen & Co, Xinyuan's
initial public offering raised US$245m in capital.
China Analyst reports that Xinyuan's stock is the 2nd fastest growing within its respective industry as of March 2010. Xinyuan was selected as one of "China's Sixty Best Employers for 2007" in a survey conducted by
China Central Television. In 2012, the company entered the United States real estate market as XIN Development Group International, Inc. In 2017, Lizhou Zhang succeeded Xinqi Wang as CEO. On January 7, 2024, the company's US division declared
Chapter 11 bankruptcy protection. On April 15, 2025, creditors pushed Xinyuan Real Estate into bankruptcy for the second time in a year in order to collect on bonds due back in 2024. ==Services and subsidiaries==