China Merchants, the pioneer of national industry and commerce in China (founded in 1872), Li Hongzhang, minister of Beiyang and governor of Zhili, wrote to the Qing government to set up China Merchants. During the Westernization Movement, Li Hongzhang, minister of Beiyang and governor of Zhili, advocated the establishment of China Merchants Bureau, which was approved by Emperor Tongzhi.
1949, New China was founded. 1950, China merchants became a wholly-owned state-owned enterprise of China people and China government.
The establishment of 1872 China Merchants Express marks the emergence of modern corporate enterprises in China. As an advanced enterprise form, it can effectively gather capital, organize production and expand production scale under the conditions of production socialization and economic commercialization.
After the establishment of China Merchants Group, by raising shares, setting up a fleet, expanding routes, merging foreign companies, investing abroad, setting up banks, etc., it stimulated the pattern, gathered Chinese businessmen, and made great efforts to enrich the country, enrich the people and strengthen the country, which triggered the modernization of the industrial chain, deeply participated in the process of China's reform and opening up, and promoted the progress of the times with commercial success.
China Merchants Group-Group Profile