China Merchants Group (CMG) is a leading central state-owned enterprise based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. The business performance hit record high in 2018, with 648.4 billion RMB revenue, 11.1% up year-on-year, and 145 billion RMB total profit, 14.1% up year-on-year, ranking No.1 among all the SOEs. By the end of 2018, the company had the total assets of 8 trillion RMB, continuously ranking No.1 among all central SOEs. It has been recognized as one of the eight Level-A SOE for fourteen consecutive years and the Excellent Performance Enterprise for four term of office. In 2018, China Merchants Group is listed in the Fortune Global 500 for its first time application, which has created a record of the most time-honored company in the list with its 146-year history.
China Merchants was founded in the Self-strengthening Movement in 1872. It is a pioneer in China's national industry and commerce. Within 146-year history, The company set up the first merchant fleet, the first Chinese bank, the first Chinese insurance company etc., playing an important role in modern China. In 1978, the company made great contributions to the opening-up by solely-investing and developing Shekou Industrial Zone, the first zone in China open to the world, and launching China Merchants Bank and PingAn Insurance Company, the first joint-tock 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.