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. The business performance hit a record high in 2017, with 584.4 billion RMB revenue, 18% up year-on-year, and 127.7 billion RMB total profit, 14.3% up year-on-year, ranking No.2 among all the SOEs. By the end of 2017, the company had the total assets of 7.3 trillion RMB, 7.8% up year-on-year, ranking No.1 among all the SOEs. It has been recognized as one of the eight Level-A SOE for thirteen consecutive years and the High Performance Enterprise for four consecutive years.
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 the 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.
CMG Video Presentation
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CMHI YouLian Shipyard LNG
CMIH’s world-class production facilities include:
All fully equipped with state-of-the-art: