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Poly Developments

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Guangzhou Suixing Property fined for environmental violations

    Fine or penalty

    Regulators fined Guangzhou Suixing Property Co., Ltd. RMB 98,000 for environmental violations. The penalty decision stated that the company discharged untreated muddy water into a rainwater network, causing river pollution. Poly Developments indirectly controls the subsidiary.

    Source excerpt

    • 该处罚信息于2021年7月26日被相关监管机构披露。
    • 保利发展（600048.SH）间接控股子公司广州穗兴置业有限公司因环境违法行为受到行政处罚。
    • 广州穗兴置业有限公司被处以罚款9.8万元。
    Source

  2. 2020

    Affiliated Companies Hit with Over 100 Administrative Penalties in a Year, Involving Unlicensed Construction, Illegal Presales and Environmental Violations

    China Economic Net counted that companies affiliated with Poly Real Estate have received more than 100 administrative penalties since 2020, involving unlicensed construction, illegal presales, dust and other environmental violations, with fines totaling millions of yuan; two related companies in Zhengzhou once received 8 penalty notices in one day. In 2023, Sina ESG Observation said its subsidiaries were repeatedly notified and penalized for environmental violations. The compliance management of the central state-owned real estate developer was questioned.

    Source