On June 10, China Merchants Group and COFCO signed a Strategic Cooperation Framework Agreement at CMG Tower in Shenzhen. The two companies will pool their strengths in ports, shipping, logistics, branded consumer goods, integrated finance, and urban-park development to deliver win-win growth.

Miao Jianmin said CMG, guided by President Xi Jinping’s instructions, is driving its “Third Pioneering Endeavor,” investing in next-generation industries and delivering solid returns. He noted that the two groups already cooperate across transport, finance, real estate and innovation, and called for broader, deeper collaboration that supports national priorities.

Li Guoqiang noted that COFCO is accelerating its push to become a world-class enterprise in grain, oil, sugar and cotton to meet rising consumer needs. Existing cooperation with CMG is mutually beneficial, and Li looks forward to stronger collaboration in industrial chains and strategic emerging sectors to advance high-quality development for both sides.