china real estate association published the list of real estate enterprises with grade a or above credit rating in 2017 in july 11, and held the awarding ceremony. there were 68 real estate enterprises winning aaa and above credit ratings among 96 annually listed enterprise throughout china. shanghai sanxiang (group) co., ltd. won the aaa top credit rating of china real estate association, continued to maintain the high performance of aaa credit rating obtained in 2014, and became one of three enterprises getting to the 3a steps of shanghai in this credit rating.
according to national credit standards, the credit ratings of enterprises are divided into five levels (aaa, aa, a, b, c) of three grades (a, b, c). level aaa represents good credit rating, high integrity degree, good indicators, high quality, strong credit consciousness, good management condition, strong contractual capacity and good social reputation of an enterprise. based on the principle of "fairness, justice and openness", china real estate association carries out credit evaluation in real estate industry according to measures for management on credit evaluation of real estate industry (development enterprises). upon strict process, it assesses the real estate enterprises in respect of development capacity, credit and loan, tax payment, contract performance, product quality and social responsibilities in an all-around way, to make objective and fair evaluation for credit rating of enterprises.
shanghai sanxiang (group) co., ltd. is a wholly-owned subsidiary of sanxiang impression co., ltd. and is mainly responsible for real estate development and operating management. since its establishment, it always sticks to the principle of integrity management, takes responsibility for employees, shareholders, clients and environment and the society it depends on for existence and development and integrates good faith into the lifeline of its operation and development, which makes the brand image of sanxiang sublimate, quality of employee team promoted, and the company steadily move towards the road of sustainable development. the company is also awarded many honors such as credit construction, the national enterprise of good creditworthiness and shanghai five-star level enterprise of credit construction.