China Merchants Group

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

Its business performance hit a record high in 2018: the revenue reached 648.4 billion yuan, up 11.1 percent year-on-year, and it generated profits of 145 billion yuan, up 14.1 percent year-on-year, ranking first among all SOEs.

By the end of 2018, the company’s total assets reached 8 trillion yuan, ranking first among all central SOEs again. It has been recognized as one of the eight Level-A SOEs for 14 consecutive years and as an Excellent Performance Enterprise. In 2018, China Merchants Group was listed among Fortune Global 500 companies, creating a record as the most time-honored company on the list with its 146-year history.

Founded in 1872, the company is a conglomerate with three business platforms of non-financial industries, financial services, as well as investment and capital operation. Non-financial industries cover ports, toll roads, shipping, logistics, real estate, zone development, offshore engineering, and trade.

China Merchants Group is well-known both in and out of China for its rich history and business strengths. Headquartered in Hong Kong, it is rooted in the Great Bay area, expanding businesses in the Xiongan New Area, restarting businesses in Shanghai, and evolving with the Belt and Road Initiative. In the future, it will continue to deepen reform and speed up innovation to gain quality and effective growth within a matching development scale. The company is now at a new starting point and is actively working towards building itself as a globally competitive and world-leading conglomerate.