[3][6] In April 2024, China Construction Bank (Asia) filed a petition over Shimao's failure to repay loans of HK$1.58 billion (US$203.06 million).

[3] Shimao Property Holdings Ltd. was founded in 2001 by Chinese entrepreneur and billionaire, Hui Wing Mau.

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

[12] Shimao Property Holdings Ltd. has developed a range of residential properties in the Jiangsu and Shanghai Districts, including Shanghai, Nanjing, Suzhou, Kunshan, Hangzhou, Ningbo and Fujian province, including Xiamen, Jinjiang, and Fuzhou Minhou, which run along the eastern border of China.

[6] While developing its department store operations, Shanghai Shimao followed market trends in Chinese cities such as Beijing, Yantai, and Fuzhou and introduced international brands that matched the local demand.