China Merchants' Steam Navigation Company
Encyclopedia
China Merchants Group is a state owned corporation of People's Republic of China
. It is the major share holder of China Merchants Holdings (International) (55.4%) as well as China Merchants Bank
(18%). The Company headquarters is located on the top floor of China Merchants Tower, Shun Tak Centre
, Hong Kong
, People's Republic of China
.
It currently owns:
during the Self-strengthening movement
in Qing Dynasty
. Eighty percent of the startup capital was provided by native Chinese, making this the first transportation company using modern technology not based on foreign ownership. The company then split due to Chinese Civil war. The Taipei-based CMSNC merged with Yang Ming Marine Transport Corporation on July 1, 1995.
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. It is the major share holder of China Merchants Holdings (International) (55.4%) as well as China Merchants Bank
China Merchants Bank
China Merchants Bank is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.CMB has over five hundred branches in mainland China and one in Hong Kong...
(18%). The Company headquarters is located on the top floor of China Merchants Tower, Shun Tak Centre
Shun Tak Centre
Shun Tak Centre is a commercial and transport complex on the northern shore of Hong Kong Island in Sheung Wan, Hong Kong...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
.
It currently owns:
- China Merchants Holdings (International) (55.4%)
- China Merchants Holdings (Pacific) (CMHI holds 78.41%)
- China Nanshan Development (Group) Corporation (CMHI holds 37% as major shareholder, government is the ultimate shareholder)
- Shenzhen Chiwan Wharf Holdings Limited
- Chiwan Container Terminal Co. Ltd.
- Shenzhen Chiwan Wharf Holdings Limited
- Shekou Container Terminals Limited (CMHI holds 80% directly, 20% holds by Modern Terminals Limited)
- Modern Terminals LimitedModern Terminals LimitedModern Terminals Limited , is the second largest container terminal operator in Hong Kong, just after Hongkong International Terminals Limited...
(CMHI holds 27% as 2nd largest shareholder)
- China Merchants Shekou Industrial Zone Co. Ltd. (wholly subsidiary)
- China Merchants Property Development Co. Ltd. (Shekou Industrial Zone Co. owned 50.9%)
- China Merchants Technology (100% owned)
- China Merchants Energy ShippingChina Merchants Energy ShippingChina Merchants Energy Shipping Company Limited , parented by China Merchants Group, is engaged in shipping industry, including tanker transportation, bulk cargo vessel transportation. Other businesses include training for sailors and sales of electronic ship machinery...
(54.1%)- Hong Kong Ming Wah Shipping (wholly subsidiary of CM Energy Shipping)
- Hua Jiang Transportation Economic Development Center (wholly subsidiary)
- China Merchants Fiancee Holdings (wholly subsidiary)
- China Merchants Industry Holdings (wholly subsidiary)
- Hoi Tung Marine Machinery Suppliers (wholly subsidiary)
- China Communications Import & Export Corporation (wholly subsidiary)
- China Merchants Chongqing Communications Research & Design Institute Co., Ltd. (wholly subsidiary)
- China Merchants Zhangzhou Development Zone (78%)
- China Merchants Securities (51.72%)
- Hua Bei Expressway
- International Marine Containers (Group) Ltd.
History
China Merchants' Steam Navigation Company was a transportation company founded on December 16, 1872, by then Prime Minister Li HongzhangLi Hongzhang
Li Hongzhang or Li Hung-chang , Marquis Suyi of the First Class , GCVO, was a leading statesman of the late Qing Empire...
during the Self-strengthening movement
Self-Strengthening Movement
The Self-Strengthening Movement , c 1861–1895, was a period of institutional reforms initiated during the late Qing Dynasty following a series of military defeats and concessions to foreign powers....
in Qing Dynasty
Qing Dynasty
The Qing Dynasty was the last dynasty of China, ruling from 1644 to 1912 with a brief, abortive restoration in 1917. It was preceded by the Ming Dynasty and followed by the Republic of China....
. Eighty percent of the startup capital was provided by native Chinese, making this the first transportation company using modern technology not based on foreign ownership. The company then split due to Chinese Civil war. The Taipei-based CMSNC merged with Yang Ming Marine Transport Corporation on July 1, 1995.