Partnership: China Merchants Group&China National Tobacco Corporation

2018-04-15

On April 15, 2018 local time, China Merchants Group(CMG) signs Strategic Cooperation Agreement with China National Tobacco Corporation(CNTC). CMG President Fu Gangfeng signs the agreement with CNTC Executive Vice President Xu Jin, under the witness of President Ling Chengxing, CMG Chairman Li Jianhong, Executive Vice President Wang Hong and Assistant President Li Yadong.

Before the signature ceremony, two sides heads have a top-to-top meeting for tackling cooperation issues. Under the terms of the agreement, China Merchants Group and China National Tobacco Corporation will fully play its respective advantages with the goal of all-weather cooperations in terms of financial businesses, comprehensive logistics, real estate and zone development, trade and commerce. 

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CMG, founded in the Westernization Movement in 1872, is a pioneer in China's national industry and commerce. During past 140 years, CMG made a lot of firsts and acted as a leader in different business fields, like setting up the first commercial fleet, bank, insurance company in modern China. CMG plays an important role in economic history and social development history of modern China...

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