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. In 1978, it made great contributions to the opening-up by solely-investing and developing Shekou Industrial Zone, the first zone in China open to the outside, and launching China Merchants Bank and Ping An Insurance Company, the first joint stock Chinese bank and insurance company.
