China Merchants Group
China Merchants Group Limited (Chinese: 招商局集团; pinyin: Zhaoshangju Jituan) is an international state-owned enterprise (SOE) of the People's Republic of China. The company is operating under the auspices of the Chinese Ministry of Transport.
Headquarters at Shun Tak Centre | |
| Formerly | China Merchants Steam Navigation Company |
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| 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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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. In the Western media, China Merchants Group is mostly known for being criticized as a tool for China's alleged "debt diplomacy" and its legal disputes with DP World, another port operator, regarding concession rights at the Port of Djibouti.
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