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Presently, the main businesses of China
Merchants Group (the Group) cover three core sectors
of transportation and related infrastructure (ports,
toll roads, energy transportation and logistics),
financial investment and asset management, as well
as property development and management.
China Merchants is presently the major investor and
operator of transportation infrastructure in
mainland and Hong Kong. The Group has basically
accomplished its strategic layout of investing in
China¡¦s container terminal hubs. Ports business is
operated by China Merchants Holdings (International)
Company Limited (¡§CMHI¡¨) (0144, HK), which was the
first red chip company listed in July 1992 on the
Hong Kong Stock Exchange, and was incorporated into
Hong Kong Hang Seng Index constituent stock on
September 6th ,2004. The Group had basically formed
a nation-wide container hubs network, with its
invested ports located in Hong Kong, Shenzhen and
Xiamen of the Pearl River delta (including Xiamen
Bay), Shanghai and Ningbo of the Yangtze River
delta, Qingdao and Tianjin of the Bohai Bay and
Zhanjiang in the southwestern coast. While
consolidating its leading position in the domestic
market, the Group has started its international
expansion in a step-by-step way. Its successful
investment in the Ben Ding Sao Mai Seaport project
in Vietnam in 2007 has occupied a significant place
in Vietnam¡¦s port business. The container throughput
of ports operated by CMHI in 2007 was 4,713 teu, and
the volume for bulk goods was 158 million tons. The
Group ranks as the top public port operators of
China based on its container throughput.
As the leading investor and operator of toll roads
in China, the Group has invested in 25 toll roads,
bridges and tunnels with 4537 (including Zheng-Shao,
Deng-Gong Highways) kilometers in over 18 provinces,
autonomous regions and municipalities directly under
the Central Government. The Group has invested and
held shares in 12 listed toll roads companies
through its subsidiary, Huajian Transportation
Economic Development Centre, accounting for 2/3 of
the total domestic listed toll roads companies. The
Group is also the majority shareholder of China
Merchants Holdings (Pacific) Ltd., the largest toll
road company listed on the Singapore Exchange
Securities Trading Ltd. The Group¡¦s subsidiary,
Chongqing Communications Research & Design Institute
(CCRDI), strives to build up a first class
communications research and innovation base. CCRDI
is one of the 103 domestic pilot innovative firms,
with six Grade A certificates on highway engineering
reconnaissance and design. CCRDI has one national
highway engineering research centre, one national
key projects laboratory, and two national quality
inspection centre.
The Group possesses a leading domestic energy
shipping fleet and occupies a significant position
in Hong Kong¡¦s shipping sector. The Group¡¦s shipping
sector is operated by China Merchants Energy
Shipping (601872, SH), with a commercial fleet with
existing capacity of 3.47 million dwt and 3.59
million dwt for vessels under construction. The
total capacity of existing and under construction
vessels amount to 7.06 million dwt (including oil
tankers and bulk carriers). The Group is the largest
operator of VLCC fleet of China and the major
participant for transporting China¡¦s imported LNG.
The Group has, together with other business
partners, formed the first LNG vessel fleet of
China. With the expansion of its fleet, the Group
has further consolidated its position as the largest
energy ship owner of the greater China area. China
Merchants Energy Shipping has constituted a
significant position in safeguarding China¡¦s energy
shipping.
The logistics sector of the Group has gradually
built up its national network. Up to 2007, China
Merchants Logistics Holdings Co. Ltd. has set up
logistics distribution centres in over 30 major
cities of China and has basically formed a
nationwide logistics network, with distribution
areas covering over 700 cities and is the major
third party logistics provider for the Global Top
500 multinationals. At the public appraisal of
¡§China¡¦s Top 500 Most Valuable Brands of 2004¡¨,
China Merchants Logistics has ranked the 4th place
for logistics sector, with brand value totaling 4.7
billion yuan.
China Merchants¡¦ financial business covers banking,
securities, fund management, and insurance
brokerage. China Merchants Bank, with China
Merchants as the founding and majority shareholder,
occupies a key position in the emerging commercial
banking business of China. It is the first domestic
bank that is listed with international accounting
standards. In recent years, it has successively been
accorded numerous honors by overseas media as
¡§China¡¦s Best Commercial Bank¡¨, one of the ¡§Top 10
Listed Companies of China¡¨, and ¡§Most Influential
Enterprise¡¨. It has become a brand-name for Chinese
domestic banking sector.
China Merchants has large land reserve in Hong Kong,
Shenzhen, Zhangzhou, Beijing, Shanghai, Tianjin,
Chongqing, and Suzhou. It has years of experience in
property development and great potential in the
property sector. China Merchants Property Holding
has ranked the third place for competitive strength
by authoritative agency State Council Development
and Research Centre. Apart from direct investment on
property projects, China Merchants also provides
industrial zone related services through developing
Shekou and Zhangzhou industrial zones.
China Merchants also has great strength in
manufacturing and trade, as well as hi-tech
investment. The Group is the owner of the largest
ship-repairing yard in Hong Kong, and is building
the largest world-class ship repairing base in
Mazhou Island of Shenzhen. China International
Marine Containers (Group), with China Merchants
Group as the biggest shareholder, is the largest
container manufacturer of the world. ¡§Hai Hong¡¨
paint produced by the Group¡¦s subsidiary occupies
the largest market share in China for vessel paint
and road paint. The Group¡¦s trading subsidiary has
formed well-established market networks in the
trading sector of transportation products in China.
The Group has also taken the lead in hi-tech venture
capital investment sector of China.
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