China Shipping Container Transportation Co., Ltd., formerly known as China Shipping Container Transportation Co., Ltd., was established on August 28th, 1997. According to the document No.49 [2004] issued by the State Council State-owned Assets Supervision and Administration Commission on February 5, 2004, China Shipping (Group) Corporation, as the exclusive sponsor, initiated the establishment of China Shipping Container Lines Co., Ltd. with the net assets of China Shipping Container Lines Co., Ltd. as the capital contribution. On June 6, 2004 16, CSCL issued 2.42 billion H shares (stock code 2866) to overseas investors in Hong Kong for the first time according to the reply of China Securities Regulatory Commission (Zheng Jianguo Securities Regulatory Permit [2004] 14).