China Merchants Group
China Merchants Group (招商局集团, Zhaoshangju Jituan) is a state owned corporation of People's Republic of China. It is the major shareholder of China Merchants Holdings (International) (55.4%) as well as China Merchants Bank (18%). The Company headquarters is located on the top floor of China Merchants Tower, Shun Tak Centre, Hong Kong.[1]
The company currently owns:
- China Merchants Holdings (International) (SEHK: 0144) (55.4%)
- China Merchants Holdings (Pacific) (SGX: C22) (CMHI holds 78.41%)
- China Nanshan Development (Group) Corporation (CMHI holds 37% as major shareholder, government is the ultimate shareholder)
- Shekou Container Terminals Limited (CMHI holds 80% directly, 20% holds by Modern Terminals Limited)
- Modern Terminals Limited (CMHI holds 27% as 2nd largest shareholder)
- China Merchants Shekou Industrial Zone Co. Ltd. (wholly subsidiary)
- China Merchants Property Development Co. Ltd. (SZSE: 000024) (Shekou Industrial Zone Co. owned 50.9%)
- China Merchants Technology (100% owned)
- China Merchants Energy Shipping(SSE: 601872) (54.1%)
- Hong Kong Ming Wah Shipping (wholly subsidiary of CM Energy Shipping)
- Hua Jiang Transportation Economic Development Center (wholly subsidiary)
- China Merchants Fiancee Holdings (wholly subsidiary)
- China Merchants Industry Holdings (wholly subsidiary)
- Hoi Tung Marine Machinery Suppliers (wholly subsidiary)
- China Communications Import & Export Corporation (wholly subsidiary)
- China Merchants Chongqing Communications Research & Design Institute Co., Ltd. (wholly subsidiary)
- China Merchants Zhangzhou Development Zone (78%)
- China Merchants Securities (51.72%)
- Hua Bei Expressway
- International Marine Containers (Group) Ltd.
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This list is incomplete; you can help by expanding it.
History
China Merchants Steam Navigation Company was a transportation company founded on December 16, 1872, by then Minister of Beiyang Li Hongzhang as part of the Self-Strengthening Movement during the late Qing dynasty. Eighty percent of the start-up capital was provided by native Chinese, making this the first transportation company using modern technology not based on foreign ownership. In 1938, during the Second Sino-Japanese War, the company sold four of its ships Haiyuan, Haili, Haichen and Haiheng to the Hong Kong-based trading company Jardine Matheson & Co.[2]
The company split due to the Chinese Civil War, which began in 1927. The Taipei-based CMSNC merged with Yang Ming Marine Transport Corporation on July 1, 1995.
References
- ↑ "Contact Us." China Merchants Group. Retrieved on November 8, 2011. "Head Office Address: 40/F., China Merchants Tower, Shun Tak Centre, 168-200 Connaught Rd., C., Hong Kong" - Address in Chinese: "香港 中环 干諾道168-200號信德中心招商局大廈39-40樓"
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External links
- China Merchants Group
- China Merchants Group (Chinese)
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