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China Merchants Group

China Merchants Group

China Merchants Group is a central state-owned enterprise based in Hong Kong. It participated in China's initiative to create overseas network of ports, logistics, finance, and industrial parks.

China Merchants Group or China Merchants is a state-owned enterprise directly managed by the central government. It aggregates capital, organizes production, and expands production scale under the conditions of production socialization and economic commodification. It recruits and raises shares, builds fleets, expands routes, acquires foreign companies, invests abroad, and creates banks.

China Merchants Group also engages in banking, securities, funds and asset management, and insurance businesses; and zone and community development and operation business. Moreover, it manufactures containers and airport facilities; and supplies marine equipment.

Li Hongzhang founded the China Merchants Group in 1872 in Hong Kong as the first business enterprise in China. SInce its foundation, it has accelerated the pace of internationalization and has 56 ports in 20 countries and regions around the world.

China Merchants is an important investor and operator of the transportation infrastructure industry in the Mainland and Hong Kong. It has established a well-established port network cluster in the main hub ports of China's coastal areas. The terminals controlled or funded in Greater China are spread throughout Hong Kong, Taiwan and Shenzhen. Ningbo, Shanghai, Qingdao, Tianjin, Dalian, Yingkou, Xiamen, Zhanjiang, Shantou and other international and regional container hubs, is the largest public terminal operator in China; and successfully in Africa, Southeast Asia, Europe, North America and South America, etc. Countries and regions invest.

Timeline

People

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LinkedIn

Li Hongzhang

Founder

Further reading

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Companies

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News

Title
Author
Date
Publisher
Description
Liya Su
March 9, 2021
DealStreetAsia
The Series C3 tranche was led by Fivestar Holdings.
Liya Su
March 8, 2021
DealStreetAsia
Tigermed, Parkland Medtech Limited, DAWN, Brill Capital, Cowin Capital and Ziyao Fund also joined the round.
Liya Su
December 21, 2020
DealStreetAsia
China Merchants Securities, Korea Investment Partners, Yingke PE, others joined the round.

References

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