China Merchants Group: Innovation and Reform Brings Competitiveness
2017-06-09
As a comprehensive SOE, China Merchants Group mainly covers three business sectors domestically and internationally, namely transport, financial services and city development.
In recent years, China Merchants Group successfully gained sustainable growth through reform and innovation. The business figures indicate the benefit of R&I,with total assets reaching to 6.81 trillion RMB and ranking 1st among SOEs in 2016. The first quarter of 2017 also proves the power of reform and innovation, with profit and net profit increasing 8.1% to 41.6 billion RMB and 8.3% to 31.7 billion RMB. Non-financial industry, including ports, logistics, E-commerce, performs better to the same period of year. Financial industries continue to kick off on the market, with CMB winning 8 consecutive "Best Retail Bank" and 13 successive "Best joint-equity Retail Bank in China".