China Fortune Land Development Co., Ltd. is a publicly traded Chinese real estate developer, based in Beijing, headed by Wang Wenxue and focused on industrial parks. It purchased Chinese Super League club Hebei China Fortune F.C. on 27 January 2015.[2][3] Wang Wenxue still the largest shareholder of the company via China Fortune Land Development Holding.
Background
China Fortune Land Development's primary business is building and operating industrial parks and related real estate.[4] Its significant projects include Gu'an High Tech Park in Hebei.[4] China's central government has designated Gu'an High Tech Park as a "National Demonstration Public Private Partnership Project".[4]