The difference between Shanghai Hongrun Real Estate Co., Ltd. and China Merchants

1. The nature of the company is different: China Merchants Group is a state-owned enterprise, and Shanghai Hongrun Real Estate Co., Ltd. is a private enterprise.

2. Different business scope: China Merchants Group mainly deals with ports, shipping and real estate, while Shanghai Hongrun Real Estate Co., Ltd. mainly deals with finance, real estate, energy and logistics.