$MNSF: Interesting.... China Merchant Group falls under MNSF
http://www.cmhk.com/en/
China Merchants Group (CMG) is a leading central state-owned enterprise based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. The business performance hit record high in 2018, with 648.4 billion RMB revenue, 11.1% up year-on-year, and 145 billion RMB total profit, 14.1% up year-on-year, ranking No.1 among all the SOEs. By the end of 2018, the company had the total assets of 8 trillion RMB, continuously ranking No.1 among all central SOEs. It has been recognized as one of the eight Level-A SOE for fourteen consecutive years and the Excellent Performance Enterprise for four term of office. In 2018, China Merchants Group is listed in the Fortune Global 500 for its first time application, which has created a record of the most time-honored company in the list with its 146-year history.
China Merchants was founded in the Self-strengthening Movement in 1872. It is a pioneer in China's national industry and commerce. Within 146-year history, The company set up the first merchant fleet, the first Chinese bank, the first Chinese insurance company etc., playing an important role in modern China. In 1978, the company made great contributions to the opening-up by solely-investing and developing Shekou Industrial Zone, the first zone in China open to the world, and launching China Merchants Bank and Ping An Insurance Company, the first joint-tock Chinese bank and insurance company.
CMG is a conglomerate with three business platforms of non-financial industries, financial services, investment and capital operation. CMG's non-financial industries cover ports, toll roads, shipping, logistics, real estate, zone development, offshore engineering and trade.
CMG actively participates in the national initiative of "the Belt and Road", operating 53 ports in 20 countries and districts, creating a overseas network of ports, logistics, finance and industrial parks.
CMG has invested and operated many key transportation infrastructures in Mainland China and Hong Kong. It is very influential in five major ports in China including Pearl River Delta (Hong Kong, Shenzhen), Yangzee River Delta (Shanghai, Ningbo), Bohai Bay (Qingdao, Tianjin, Dalian), Xiamen Bay (Zhangzhou), and Southwest coastal area (Zhanjiang) etc. In 2017, the company's container throughput was over 100 million TEU for the first time, which makes the company the Chinese biggest and a world-leading terminal developer, investor and operator.
CMG is the largest toll road investor and operator in China, which has invested in 8354 kilometers toll roads, bridges and tunnels in 19 provinces, namely Beijing, Tianjin, Guangdong, Zhejiang, Guang Xi etc. 18 National-class and provincial-class Research&Development Platforms have been launched to tailor full-chain toll road businesses covering exploration, design, construction, investment, operation, maintenance and service.
Shipping is the traditional industry of CMG. By the end of 2017, the company owns a world-class super oil tanker fleet that is constituted by 42 VLCCs and a hand-held order of 11 VLCCs. CMG also owns and operates a world-class fleet of 8 VLOCs, a hand-held order of 20 VLOCs, and 3 VLOCs under management. The scale of VLCC and VLOC fleets rank the first in the world.
After Sinotrans&CSC was incorporated into CMG, CMG becomes the largest comprehensive logistics services provider in China with its logistics business ranking top in the world. Its HK-listed subsidiary Sinotrans is the comprehensive platform of the Group's logistics business, with three main business sectors, namely freight forwarding, professional logistics and E-commerce. By the end of 2017, CMG has 1193 subsidiaries in 32 provinces, autonomous regions and municipalities and 79 logistics institutions in 32 countries and districts, which provide one-stop service and end-to-end supply chain solutions to customers. CMG has 13.85 million square meters owned and controlled storage coverage in China.
CMG provides city development and operation business through China Merchants Shekou (CMSK) and Zhangzhou China Merchants Economic and Technological Development Zone (CMZD). After restructuring, CMSK will develop in PPC (Port-Park-City) Business Model with integration of industries, internet, finance and city, strive to have balanced development of industrial parks, communities and cruises, and be a leading city developer and operator in China. By the end of 2017, CMSK has expanded businesses in 42 cities in China and actively participated in "Go-global" and "The Belt and Road" Initiatives. With duplicating Shekou Business Model in districts and countries along the Belt and Road, comprehensive city developing and operating businesses have been injected in "The Belt and Road" Initiative. Since 2010, CMZD has become a national economic and technological zone, with the total area of 56.17 square kilometers. The first autonomous driving lab in the world, first ecological artificial island in China and China Merchants Cloud Valley have been lanched and constructed on CMZD, which pave the way for CMZD into a ecological, smart and prosperous city.
CMG also performs robust in industries, trade, and technological investment. The company owns Hong Kong's biggest ship-repair yard. In 2008, CMG invested a world-leading ship repair base in Shenzhen's Mazhou Island. In 2013, CMG purchased Jiangsu Nantong Haixin Shipping Heavy Industry and became a leading manufacturer of offshore platform. China International Marine Containers, established by its biggest shareholder China Merchants Group, is the biggest manufacturer of containers and airport facilities in the world. CMG's subsidiary Hoi Tung Marine Machinery Suppliers Limited has a sound business network and rich experience in maritime trade, and has upgraded into a comprehensive trader of maritime products, food, and bulk cargoes, and a health industry operator. Hoi Tung Marine Machinery Suppliers Limited has a wide business coverage, with branches among 7 cities in China and 6 countries.
CMG has a "4+N" financial system. "4" refers to banking, securities, insurance and funds. "N" includes financial leasing, assets management, and finance companies etc..
China Merchants Bank (CMB), established by its biggest shareholder China Merchants Group, is a China-leading retail bank. By the end of 2017, CMB had set up branches in over 130 cities, 3340 self-service banks, and 61 private banks in 58 cities in China. In Hong Kong, it has Hong Kong branch, private banking centers, and subsidiaries of Wing Lung Bank and China Merchants Bank International etc.. As for overseas, CMB has New York branch and Representative Office, London Branch and Representative office, Singapore branch, Luxembourg branch, Australia Branch and Taipei Representative Office. After 20-year growth, China Merchants Securities (CMS) is one of the leading security companies in China, which was listed in the Shanghai Stock Exchange and Hong Kong Stock Exchange on November 2009 and October 2016 respectively. By the end of 2017, CMS has 243 business centers in 111 cities and 12 subsidiaries in China, which has formed a global comprehensive stock service platform. CMS is one of the two securities that have been awarded AA for 10 consecutive years from 2008. In order to integrate and manage CMG's direct-investment funds, China Merchants Capital was founded in 2012. By the end of 2017, China Merchants Capital has 280 billion RMB under management. Through a variety of funds including China Merchants Fund and Boshera Fund, the total fund management scale of CMG is over trillion. On 30 June 2017, CMG successfully restored Renhe Life Insurance, the first national insurance brand in China. In 2016, China Merchants set up a wholly-owned subsidiary, China Merchants Financial Leasing Co., Ltd. In 2017, China Merchants Ping An AMC was approved to be established, which is the first local asset management company in Shenzhen possessing the qualifications of batch acquisition and disposal of non-performing assets. These moves of CMG have optimized the "4+N" financial layout and built a full-function and full-license financial service platform.
CMG attaches importance to innovation by launching China Merchants Investment Development focusing on overseas investment and China Merchants Venture Capital Management focusing on intersections of internet and industries. China Merchants' new development lies at the intersection of industry and finance, intersection of industry and city development, intersection of industry and Internet, and technology innovation. CMG has established an "Internet+" fund and internet incubators, aiming to bridge the interactions of capital and technological resources. The company is accelerating the implementation of "Industry + Internet" and nurturing six innovative ecosystems of comprehensive port ecosystem, intelligent transportation ecosystem, featured finance ecosystem, smart park ecosystem, supply-chain logistics ecosystem, shipping and service ecosystem.
China Merchants Group is well-known both in and out of China for its rich history and business strength. Headquartering in Hong Kong, CMG will root in The Great Bay area, expand businesses in Xiong An New Area, restart businesses in Shanghai and evolve with "The Belt and Road" Initiative. In the New Era, CMG will continue to deepen reform and speed up innovation to gain quality-and-effectiveness growth within a matching development scale. The company is now at a new starting point of the time and spares no efforts to build itself as a globally competitive and world-leading conglomerate.
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