China Shipping Group 1997 was established in Shanghai, forming a pattern of coordinated development of multiple industries such as shipping, shipping finance, logistics, docks, shipbuilding and scientific and technological information.
2065438+In August 2005, COSCO Group and China Shipping Group jointly established a five-member "Reform Leading Group" at the group level at the request of the central authorities, with Xu Lirong, chairman and party secretary of China Shipping Group as the leader.
2065438+On the evening of August 7, 2005, COSCO Group and China COSCO, CSCL, China Shipping Development and COSCO Shipping, the listed companies of China Shipping Group, announced at the same time that they would suspend trading due to major events being planned by the controlling shareholder. The road to the merger of the two major shipping central enterprises began.