China Merchants was founded on 26th December 1872
and officially opened for business on 17th January 1873. The past
130 years of China Merchants historical course is the epitome of
China”¦s domestic industrial and commercial enterprises of the modern
times.
China Merchants Group is a large state-owned enterprise
headquartered in Hong Kong. The main business activities of China
Merchants Group cover Hong Kong, the mainland and Southeast Asia.
China Merchants Group”¦s total asset value amounts to approximately
50 billion Hong Kong dollars, as of the end of 2002.
The business activities of China Merchants Group focus on
transportation infrastructure (ports and toll roads), finance
(banking, securities, fund management, and insurance brokerage),
properties and related businesses (property development and
construction of industrial zones), shipping and logistics (VLCC, LNG
vessels and third party logistics).
Entering into the new century, China Merchants Group, under the
leadership of the top management led by Chairman Dr. Qin Xiao, has
set nurturing and strengthening of core competences as the corporate
goal; adopted a series of strategies to reallocate resources;
optimize industrial, assets and business structures; concentrate
resources to develop core business sectors; adopted flat
organizational structures, and stressed professional management and
economy of scope.
China Merchants Group, with 130 years of history, has made new
strides forward in the new century. |
