China Merchants Group (CMG) is a leading state-owned enterprise based in Hong Kong, under the direct supervision of State-owned Assets Supervision and Administration Commission of the State Council.

In 2020, China Merchants Group achieved record-high economic indicators: revenue of RMB 814.8 billion, up 14.1% year-on-year; total profit of RMB 175.4 billion, up 7.6% year-on-year; net profit of RMB 137.3 billion, up 8.5% year-on-year; total assets reached RMB 10.4 trillion by the end of 2020, with total assets and net profit ranking first among central SOEs. China Merchants Group became one of the eight central SOEs awarded A grade by the SASAC for 16 consecutive years and the Excellent Performance Enterprise for five consecutive terms. In the Fortune 500 list released in 2020, China Merchants Group and its subsidiary China Merchants Bank were again included in the list, making China Merchants Group the enterprise with two Fortune 500 companies.

During the “13º Five-Year Plan” period, the Group’s economic indicators all grew at a compound annual growth rate of over 10%, including 34.0% in operating earnings, 17.4% in total profit, 14.5% in net profit and 10.8% in total assets.

China Merchants was founded in the Self-strengthening Movement in 1872. It is a pioneer in China’s national industry and commerce. Over the last 146-years the company has set up the first merchant fleet, the first Chinese bank, the first Chinese insurance company etc., and has played an important role in modern China. In 1978, the company made great contributions to China’s opening-up, as a sole investor developing Shekou Industrial Zone, the first zone in China open to the world, and launching China Merchants Bank and Ping an Insurance Company, the first joint-stock Chinese bank and insurance company.

CMG is a conglomerate with three business platforms of non-financial industries, financial services, investment and capital operation. CMG’s non-financial industries cover ports, toll roads, shipping, logistics, real estate, zone development, offshore engineering and trade.