China Merchants Group

China Merchants Group
State-owned enterprise
Headquarters Hong Kong
Owner People's Republic of China (under the State-owned Assets Supervision and Administration Commission of the State Council)
Website www.cmhk.com/en/

China Merchants Group (招商局集团, Zhaoshangju Jituan) is a state-owned corporation of People's Republic of China. It is the major shareholder of China Merchants Holdings (International) (55.4%) as well as China Merchants Bank (18%). The company's headquarters are located on the top floor of China Merchants Tower, Shun Tak Centre, Hong Kong.[1]

Subsidiaries

The company currently owns:

This list is incomplete; you can help by expanding it.

History

China Merchants Steam Navigation Company was a transportation company founded on December 16, 1872, by then Minister of Beiyang Li Hongzhang as part of the Self-Strengthening Movement during the late Qing dynasty. Eighty percent of the start-up capital was provided by native Chinese, making this the first transportation company using modern technology not based on foreign ownership. In 1938, during the Second Sino-Japanese War, the company sold four of its ships Haiyuan, Haili, Haichen and Haiheng to the Hong Kong-based trading company Jardine Matheson & Co.[2]

The company split due to the Chinese Civil War, which began in 1927. The Taipei-based CMSNC merged with Yang Ming Marine Transport Corporation on July 1, 1995.

References

  1. ↑ "Contact Us." China Merchants Group. Retrieved on November 8, 2011. "Head Office Address: 40/F., China Merchants Tower, Shun Tak Centre, 168-200 Connaught Rd., C., Hong Kong" - Address in Chinese: "香港 中环 干諾道168-200號信德中心招商局大廈39-40樓"
  2. ↑ "Britons Buy Chinese Ships". Evening Telegraph. British Newspaper Archive. 6 August 1938. Retrieved 8 July 2014. (subscription required (help)).

External links


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