Since the launch of the 14th Five-Year Plan (2021-25), China Merchants Group (CMG) has adhered to the principle of making progress while maintaining stability as well as upholding fundamental principles while fostering innovation. It is estimated that by the end of 2025, the total assets of CMG will reach approximately 15.6 trillion yuan ($2.23 trillion).
Over the past five years, the foundation for high-quality development of CMG has been consolidated. The group has invested a total of 89.3 billion yuan in research and development — nearly double that during the 13th Five-Year Plan period (2016-20). The number of CMG’s newly granted patents has been 3.8 times that of the 13th Five-Year Plan period, and the group won two Second-Class Awards of the National Science and Technology Progress Award.
CMG has established a Chief Scientist Committee, set up the Research Institute of Advanced Technology and the Lion Rock AI Lab, and built joint laboratories focusing on areas such as micro-nano surgical robots and perovskite semiconductor new materials. The Research Institute of Advanced Technology has successfully matched over 50 key cutting-edge technology projects, among which five have entered the stage of substantive research and development. The Lion Rock AI Lab has made breakthroughs in fields including quadruped robots and multi-modal algorithms.
CMG has established China Merchants Innovation and Technology, which focuses on digital and intelligent technology, life science and technology, and green technology. CMG has intensified investment and merger and acquisition efforts to seize development opportunities in niche fields including bio-manufacturing, bio-pharmaceuticals, high-end shipbuilding, inspection and testing, and embodied intelligence. It is projected that by the end of 2025, the total assets and annual revenue of CMG’s science and technology innovation industry will reach 2.92 times and 2.76 times the figures recorded at the end of the 13th Five-Year Plan period respectively.
China Merchants Bank is committed to building the best value-creating bank driven by innovation, underpinned by leading business models and distinguished by distinctive features. It has continuously strengthened its core competitiveness and improved its capital operation capability, with its total market value exceeding 1 trillion yuan. China Merchants Life Insurance Company Limited has steadily advanced its transformation toward a value-oriented enterprise, achieving sustained and healthy development, rational and moderate scale expansion, as well as sufficient and secure capital adequacy.
CMG has been adhering to the philosophy of high-quality development, vigorously enhancing cooperation with fellow central state-owned enterprises (SOEs), renowned universities and outstanding private enterprises, and continuously expanding collaborative partnerships with regions including Beijing, Shanghai, Shenzhen and Hong Kong.
In terms of transformation and upgrading of traditional industries as well as empowerment through digital and intelligent technologies, China Merchants Industry Holdings Co., Ltd. has made forward-looking arrangements for the manufacturing of high-end vessels such as large-scale LNG carriers, realizing steady development and consistent profitability. China Merchants Cloud has been accredited as the "Transportation and Logistics Industry Cloud." Its AI plus logistics and AI plus finance solutions have been implemented across 227 application scenarios. China Merchants Energy Shipping Co., Ltd. has developed an integrated ship energy management platform, driving the green transition of the shipping industry.
In November 2025, the first 180,000-cubic-meter LNG carrier built by China Merchants Industry Holdings Co., Ltd. departs the dock for sea trials. [Photo/sasac.gov.cn]
CMG is committed to green and low-carbon development. During the 14th Five-Year Plan period, it has invested over 3.6 billion yuan in energy conservation and environmental protection, its distributed photovoltaic installed capacity reaching 215 MW. In 2024, the total power generation reached 138 million kWh.
In the field of green ports, CMG has achieved coal-free energy consumption. New energy container trucks account for 64 percent of the total, and the oil-to-electricity conversion rate of gantry cranes at container terminals has reached 95 percent.
In green shipping, CMG has jointly developed the first and second generations of intelligent rigid wing sails. After application, a single vessel saves an average of over 7.4 percent of fuel annually, reducing carbon emissions by more than 2,200 tons. The comprehensive performance indicators have reached the world’s leading level.
In the field of green real estate, all of CMG’s newly-built self-owned commercial and office projects have adopted green and clean energy. It has developed a total of 549 green buildings with a combined floor area of 78.29 million square meters, among which 72 percent have obtained green building certifications and 45 projects have been accredited with LEED certification.
For five consecutive years, CMG has taken the lead in hosting the World Maritime Merchants Forum in Hong Kong, continuously striving to strengthen, enhance and expand its businesses in Hong Kong, and providing in-depth services to improve people's livelihood in Hong Kong.
The total assets of CMG in the Guangdong-Hong Kong-Macao Greater Bay Area has exceeded 7.5 trillion yuan, with total profits surpassing 100 billion yuan. To support the all-around revitalization of Northeast China in the new era, CMG has advanced the reorganization of ports in Liaoning Province and moved more industries there to boost the high-quality development of the Taipingwan Cooperation and Innovation Zone in Dalian City. As a result, CMG’s total assets in the three northeastern provinces, Heilongjiang, Jilin and Liaoning, have exceeded 500 billion yuan.
The port area operated by China Merchants Port Holdings Company Limited in the west of Shenzhen [Photo/sasac.gov.cn]
The global network layout of China Merchants Port Holdings Company Limited has been further improved, with its overseas revenue ratio on a steady rise and its equity container throughput ranking second globally.
Boasting the world’s largest sea freight forwarding volume and the world’s fifth-largest air freight forwarding volume, Sinotrans Limited is accelerating the construction of its "New Carrier" model.
China Merchants Energy Shipping Co., Ltd. continues to optimize its fleet capacity structure, with the scale of its very large crude carrier (VLCC) and very large ore carrier (VLOC) fleet ranking first globally.
China Merchants Expressway Network & Technology Holdings Co., Ltd. oversees highway projects spanning 22 provinces, autonomous regions and municipalities, holding equity in 2,143 kilometers of highways and investing in a total mileage of 14,900 kilometers.
China Merchants Industry Holdings Co., Ltd. has elevated its ship repair and building competitiveness to the first tier domestically, ranking second in ship repair output value and fifth in new ship orders.
Looking ahead, CMG will strengthen the strategic vision, accelerate its development into a world-class enterprise, and take up new responsibilities as a century-old central SOE in the new era.
(Executive editor: Yuan Ting)
