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Overview
China Merchants Group is a conglomerate company based in Hong Kong with extensive operations in China. It was founded in 1872 as the first commercial corporation in China and has since grown into one of the largest and most influential state-owned enterprises in the country. The company's business covers a wide range of industries including transportation, real estate, energy, finance, and logistics. It is also involved in international trade, investment, and infrastructure development projects in over 20 countries. China Merchants Group is owned and managed by the Chinese government and is considered one of China's "national champion" companies. Its mission is to promote China's economic growth and international trade through its diverse business portfolio. The company's headquarters are located in Hong Kong, but it has a significant presence in major cities across China, such as Beijing, Shanghai, and Shenzhen. As of 2021, China Merchants Group has over 100 subsidiaries and employs more than 80,000 people globally. China Merchants Group is known for its strategic partnerships and joint ventures with other major companies, both within and outside of China. It has also been actively participating in China's Belt and Road Initiative, an ambitious plan to boost trade and infrastructure across Asia, Africa, and Europe. In recent years, the company has placed a strong emphasis on sustainability and corporate social responsibility, aiming to become a leader in environmental protection and community development. Overall, China Merchants Group plays a vital role in China's economic development and international trade, and it continues to expand its global presence and influence.
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