China Merchants Group
Headquarters at Shun Tak Centre | |
| Formerly | China Merchants Steam Navigation Company |
|---|---|
| Company type | State-owned enterprise |
| Industry | Shipping |
| Founded | 16 December 1872 in Shanghai |
| Founder | Li Hongzhang |
| Headquarters | Originally in Shanghai. Now headquartered at Hong Kong |
| Website | www |
| China Merchants Group | |||||||||||||
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| Simplified Chinese | 招商局集团 | ||||||||||||
| Traditional Chinese | 招商局集團 | ||||||||||||
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China Merchants Group Limited (Chinese: 招商局集团; pinyin: Zhaoshangju Jituan) is a state-owned enterprise (SOE) of the People's Republic of China, operating under the auspices of the Chinese Ministry of Transport.
Founded in 1872 as the China Merchants Steam Navigation Company in Shanghai, the firm has developed into one of China's leading SOEs since the 1980s and has expanded its global role as a result of China's Belt and Road Initiative in the early 2010s. Its principal business segments span ports and logistics, finance, real estate, and marine equipment manufacturing; the latter is conducted through its wholly-owned subsidiary China Merchants Shipbuilding Industry Group (CMI), one of China's leading state-owned shipbuilding conglomerates.
The group has drawn Western media criticism related to the Belt and Road Initiative at Hambantota Port in Sri Lanka and disputes with DP World over the Port of Djibouti.