"We believe Evergrande and its property assets should be able to command a higher valuation in the A- share market amid mainland investors' focus on sales and brand name," Credit Suisse said in a note. The brokerage estimated Shenzhen Real Estate could be valued at 200 billion yuan ($29.99 billion), which would be three times Evergrande's current market capitalization of about $10 billion. Evergrande, Dalian Wanda Group and other Hong Kong-listed Chinese developers are increasingly eyeing onshore listings as domestic funding costs fall. Mainland-listed firms also command higher valuations than those in Hong Kong, helped by a large pool of retail investors. Wanda last month delisted its Dalian Wanda Commercial Properties from the Hong Kong stock exchange.