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CMG Background

China Merchants Group(CMG), a state-owned backbone enterprise directly under the management of the central government, is headquartered in Hongkong and listed as one of the top four Chinese enterprises in Hongkong. As of the end of 2016, CMG’s total assets have reached 6 trillion and 900 billion yuan. CMG earnings continue to grow steadily on the basis of 2015, hitting a new record; the annual operating income has reached 505 billion 300 million yuan, an increase of 81.7%; the total profit has reached 111 billion 280 million yuan, an increase of 34%, ranking the second among central enterprises. CMG was rated as A-class central enterprise by the State-owned Assets Supervision and Administration Commission for twelve consecutive years from 2004 to 2015 and the enterprise with outstanding achievements for four terms.

CMG, a pioneer of Chinese national industry and commerce, was founded in 1872 during Westernization Movement of the late Qing Dynasty. In 140 years, CMG had ever established the first modern China merchant fleet, opened the first bank and China’s first insurance company, starting China’s modern national shipping industry and many other fields of modern economy. It plays an important role in China’s modern economic history and social history of development. In 1978, CMG joined in the reform and opening up, began to develop China’s first open industrial district of sole proprietorship in 1979 with extensive influence at home and abroad -- Shekou Industrial Zone, and founded China’s first commercial joint-stock bank -- China Merchants Bank and China’s first joint-stock insurance company -- Ping An Insurance Company. It provided beneficial experience for China’s exploration in reform and opening up.

CMG is a comprehensive enterprise with diversified businesses. At present, CMG’s businesses focus on three core industries, that is, transportation (ports, roads, shipping, logistics, marine industry and trade) and finance (banking, securities, funds and insurance), comprehensive development of city and park (city and park development, and cruise development), and now is transforming from three main businesses to three platforms, business management, financial services, and investment and capital operation.

 

With its long history and abundant strength, CMG has a wide range of influence at home and abroad. In the new era, CMG will seize the rare historical opportunity, the great rejuvenation of Chinese nation strive to build a world-class enterprise with international competitiveness with commercial success promoting the progress of the times as the mission.