Does CIMC belong to China Merchants or COSCO?

CIMC is neither COSCO nor China Shipping, and COSCO Group is one of the major shareholders.

The controlling shareholder of CIMC is China Merchants International (CIMC) Investment Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.

CIMC was established before the reorganization of 1980 stock system. 1992 was reorganized into an internal joint-stock company. 1In February 1993, the public company was reorganized, and in the following year,120,000 A shares and130,000 B shares were issued to the public and overseas investors respectively. On March 23rd of the same year, Shenzhen CIMC B was listed on Shenzhen Stock Exchange, and on April 8th, Shenzhen CIMC A was listed.