Founded in 1872, it is a large state-owned enterprise group in Hong Kong, a pioneer of national industry and commerce, focusing on the transportation/finance/real estate industry, and is known as "the epitome of China's national enterprises in the past century"
China Merchants Group (hereinafter referred to as "China Merchants") is an important state-owned backbone enterprise directly managed by the central government, headquartered in Hong Kong, and is also listed as one of the four major Chinese-funded enterprises in Hong Kong. As of the end of 2016, China Merchants Group's total assets were 6.81 trillion yuan. On the basis of 2015, the Group's profit continued to grow steadily, creating a record high, and the annual operating income reached 495.4 billion yuan, a year-on-year increase of 78%; The total profit was 111.2 billion yuan, a year-on-year increase of 34%, ranking second among central enterprises. From 2004 to 2016, China Merchants Group was rated as an A-level central enterprise and an "outstanding performance enterprise" by the State-owned Assets Supervision and Administration Commission of the State Council for 13 consecutive years.
China Merchants is a pioneer of China's national industry and commerce, founded in 1872 during the Westernization Movement of the late Qing Dynasty, and will celebrate its 145th anniversary this year. Over the past 145 years, China Merchants has established the first merchant fleet in modern China, opened the first bank and the first insurance company in China, created China's modern national shipping industry and many other modern economic fields, and has an important position in China's modern economic history and social development history. In 1978, China Merchants Group immediately devoted itself to reform and opening up, and in 1979, it began to wholly own and develop Shekou Industrial Zone, China's first industrial zone open to the outside world, which had a wide influence at home and abroad, and successively established China's first commercial joint-stock bank - China Merchants Bank, China's first enterprise joint-stock insurance company - Ping An Insurance Company, etc., providing useful experience for China's reform and opening up exploration.
China Merchants Group is a comprehensive enterprise with diversified businesses. At present, China Merchants Group's business is mainly concentrated in the three core industries of transportation (ports, highways, shipping, logistics, marine industry, trade), finance (banking, securities, funds, insurance), and real estate (park development and real estate), and is realizing the transformation from the three main businesses to the three platforms of industrial operation, financial services, investment and capital operation.
China Merchants Group is an important participant and promoter of the national "One Belt, One Road" strategy. The Group has accelerated the pace of international development, has 50 ports in 20 countries and regions around the world, and has initially formed a relatively complete network of overseas ports, logistics, finance and parks, most of which are located in important points along the "Belt and Road" countries and regions. In 2016, the Group's Djibouti "Silk Road Station" pilot project made breakthrough progress, and the "Shekou Model" was implemented overseas for the first time. The infrastructure in the first phase of the China-Belarus Industrial Park and the first phase of the China-Belarus Trade and Logistics Park have been basically completed. The comprehensive cooperation with Togo is an important initiative to integrate the "Chinese experience" to develop overseas markets. Overseas key projects have been progressed in an orderly manner, and the overseas layout has been continuously optimized; The Belt and Road Initiative has set a benchmark for cooperation and has been highly praised by party and state leaders for many times.
China Merchants Group is an important investor and operator of the transportation infrastructure industry in the mainland and Hong Kong, and has basically formed a national strategic layout of container hub ports, with its ports distributed in Hong Kong and Shenzhen in the Pearl River Delta, Shanghai and Ningbo in the Yangtze River Delta, Qingdao and Tianjin in the Bohai Bay, Xiamen in Dalian and Xiamen Bay, and Zhanjiang in the southwest coast. In 2016, the container throughput of China Merchants Group's ports was 95.77 million TEU, a year-on-year increase of 14.5%. Among them, Chinese mainland projects completed 71.93 million TEU, an increase of 17.0%, making it China's largest and the world's leading port developer, investor and operator.
The highways, bridges, tunnels and other toll road projects invested and operated by China Merchants are mainly distributed on the main highways of the country, covering 18 provinces, autonomous regions and municipalities directly under the central government, including Beijing, Shanghai, Guangdong, Zhejiang and Guangxi, with a total mileage of 8,203 kilometers. It has established 18 research and development platforms at the national, provincial and ministerial levels, and has formed a business form of the whole highway industry chain from survey, design, characteristic construction to investment, operation, maintenance and service.
The shipping industry is a traditional industry of China Merchants. By the end of 2016, the Group's shipping fleet had a total capacity of 34.79 million deadweight tons, ranking third in the world. The Group has 39 VLCCs in operation and 14 VLCC orders in hand, and has a world-class and world-leading supertanker fleet. It also owns and manages the world's leading ultra-large ore fleet VLOC (8 ships, 20 ships with orders) and LNG fleet; Both VLCC and VLOC are the largest in the world. In March 2016, the 400,000-ton ultra-large ore carrier "Pacific Winner" owned by China Merchants Group became a landmark ship with a ship registration of more than 100 million gross tons in Hong Kong, creating a new milestone in Hong Kong's shipping industry and a representative and important force in Hong Kong's shipping industry.
China Merchants Group's integrated logistics business actively develops its global service network. In December 2015, with the approval of the State Council, Sinotrans Changhang was merged into China Merchants Group. Sinotrans Changhang is the largest integrated logistics operator in China, ranking eighth and fifth in the world for third-party logistics and freight forwarding services, respectively. In April 2016, China Merchants Group established an integrated logistics division, and Sinotrans Changhang "two brands, one set of personnel". By the end of 2016, it has set up 2,443 logistics operation outlets across the country, and 96 self-operated outlets in 38 countries and regions around the world, covering major trading countries and regions around the world. The Group has obvious advantages in logistics business resources, with a total area of 10.23 million square meters of warehousing yards owned and controlled across the country.
CMB's financial business includes banking, securities, funds and fund management, insurance and insurance brokerage. China Merchants Bank, which was initiated by China Merchants Group and is currently the largest shareholder, is a leading retail bank in China. By the end of 2016, China Merchants Bank had branches and 3,495 self-service banks in more than 130 cities in China, and more than 40 private banking centers in 28 core cities. It has a Hong Kong branch, a private banking center, an overseas global custody center in Hong Kong, and subsidiaries such as Wing Lung Bank and CMB International. New York branch, private banking center and representative office in the United States; Singapore branch in Singapore; It has a branch and representative office in London in the United Kingdom and a representative office in Taipei; There is a Luxembourg branch in Luxembourg. After 25 years of entrepreneurial development, China Merchants Securities has become one of the leading listed securities companies in China, listed on the Shanghai Stock Exchange in November 2009 and the Hong Kong Stock Exchange in October 2016. As of the end of 2016, China Merchants Securities has 226 securities business departments and 12 branches in 114 cities in China, and has built a comprehensive securities service platform integrating domestic and international integration, and is one of the two securities firms that have been rated Class A AA for nine consecutive years since 2008. In 2012, China Merchants Capital was established to promote the integration of funds within the group and establish a unified platform for direct investment fund management. By the end of 2016, its total assets under management were nearly 170 billion yuan. China Merchants also has China Merchants Fund and Bosera Fund, with a total fund management scale of more than 1 trillion yuan. In 2016, China Merchants Renhe Life Insurance Co., Ltd. was approved for establishment, and China's first national insurance company "Renhe Insurance" successfully resumed trading. China Merchants has further improved the "4 N" layout in the financial field, and realized the strategic concept of building a full-featured and full-license comprehensive financial service platform.
China Merchants attaches great importance to innovation-driven development. Focusing on "three industries and one science and technology innovation" (integration of industry and finance, industry-city linkage, industry-network integration and scientific and technological innovation), we have accelerated the layout of the "Internet", set up an "Internet" fund, established an Internet incubator, and strengthened the cooperation between capital and scientific and technological resources. Accelerate the implementation of the "Industrial Internet" action plan, and clearly build a comprehensive port ecosystem, intelligent transportation ecosystem, characteristic financial ecosystem, smart community (park) ecosystem, supply chain logistics ecosystem, shipping and shipping service ecosystem. Outstanding achievements have been made in innovation work, and breakthroughs have been made in many key areas. During the year, the Group became a demonstration base for "entrepreneurship and entrepreneurship" of national enterprises and was approved as a pilot project by a state-owned capital investment company.
China Merchants provides comprehensive development and operation services for cities and parks through entities such as China Merchants Shekou and Zhangzhou Development Zone. In 2015, China Merchants Group implemented a major and unprecedented restructuring of its flagship real estate sector, realizing the overall listing of the Group's assets in the Qianhai Shekou Free Trade Zone, creating a model for state-owned enterprise reform and a benchmark for innovation in China's capital market. In 2016, after the restructuring and listing, China Merchants Shekou took "industry, network, finance and city integration" as its business starting point, and established a new development model of "Qiangang-Central District-Houcheng", with the coordinated development of the three major businesses of parks, communities and cruise ships, and is committed to becoming a leading comprehensive development and operation service provider of cities and parks in China. Over the past year, China Merchants Shekou has made major breakthroughs in major projects such as Qianhai Shekou Free Trade Zone, Prince Bay Cruise Home Port, Shenzhen World Convention and Exhibition Center Phase I, as well as key areas such as industry-finance interaction and industry-network integration, and its operating performance has achieved leapfrog growth. While continuing to promote the upgrading of nearly 40 cities across the country, China Merchants Shekou follows China Merchants to "go global" and develop, replicate and promote the "Shekou Model" in countries and regions along the "Belt and Road", so as to realize the effective superposition of the development of the free trade zone and the "Belt and Road" strategy. Zhangzhou Development Zone covers an area of 56.17 square kilometers and was upgraded to a national economic and technological development zone in 2010. The world's first city-level driverless car social laboratory was established in Zhangzhou Development Zone. The construction of the country's first offshore ecological artificial island, Pisces Island, and China Merchants Xinyun Valley is making Zhangzhou Development Zone move towards the goal of a modern coastal new town suitable for living and working in a "garden-like, intelligent, industrial, and popular" way.
China Merchants also has strong strength in the fields of industry, trade, and investment in the science and technology industry. China Merchants owns the largest ship repair yard in Hong Kong; In 2008, the world-class large-scale ship repair base invested was completed and put into operation on Maozhou Island, Shenzhen; In 2013, it completed the acquisition of the assets of Jiangsu Nantong Haixin Heavy Industry Shipyard, which further strengthened the strength of offshore construction. CIMC, founded by China Merchants and its largest shareholder, is the world's largest manufacturer of containers and airport equipment. China Merchants Haitong Trading Co., Ltd. has a mature market network and rich experience in the field of China's transportation and maritime trade, and on this basis, it has actively transformed and upgraded, and has become a comprehensive trading group integrating maritime, food, shipping trade and bulk trade. China Merchants Haitong has a wide business network, with branches in 7 cities in Chinese mainland and 6 overseas countries.
