Wu Yajun Family (Longfor)
Overview
Wu Yajun co-founded Longfor Group in 1993 in Chongqing, focusing on high-quality residential real estate. The company expanded nationally and went public in Hong Kong in 2009. Longfor is one of China's top property developers, known for disciplined financial management and strong brand. Market cap around US$10-15 billion as of 2025.
Description
Wu Yajun Family controls Longfor Group, a leading Chinese real estate developer. Known for conservative growth and high-quality projects.
Leadership
Governance
Wu Yajun holds majority control through a family trust. Longfor Group Holdings Ltd is the main listed entity. Decision-making is centralized with Wu and senior management. Board includes independent directors.
Succession
Wu Yajun's daughter, Cai Kui, has been involved in the business but no formal succession plan publicly disclosed. Wu remains chairwoman. Transition status is ongoing with gradual delegation.
Public-Sector Context
Longfor maintains good relations with local governments in Chongqing and other cities. Wu Yajun has served as a CPPCC member. Regulatory risks include property market tightening and debt controls.