China Merchants Group

China Merchants Group is a state-owned conglomerate based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. It has been recognized as A Level SOE for twelve consecutive years from 2004 to 2015 and awarded “SOE of Excellent Business Performance” for four consecutive assessment periods. By the end of 2016, the company has the total assets of 6.9 trillion RMB, the total profits of 111.28 billion RMB, and the total revenue of 505.3 billion RMB which ranks No. 2 among all the SOEs.

Established during the Westernization Movement of late Qing Dynasty in 1872, China Merchants Group is the pioneer of national industry and commerce. In the past three centuries, it set up the first merchant fleet, the first bank and the first insurance company in Chinese modern history. In 1978, it made great contributions to the opening-up by solely-investing and developing Shekou Industrial Zone, the first zone in China open to the outside, and launching China Merchants Bank and Ping An Insurance Company, the first joint stock Chinese bank and insurance company.

The company currently has three main business sectors of Comprehensive Transport (ports, toll roads, energy shipping, logistics, ship-repairing, offshore engineering and trade), Finance (banks, securities, funds, insurances), and Comprehensive City Developer (industrial zones, communities and cruises). The company is forging three business platforms of non-financial industries, financial services, investment and capital operations.

China Merchants Group is well-known both in and out of China for its rich history and business strength.