Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG’s revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.