People's Republic of China

China Merchants Group

China Merchants Group (CMG) is a leading state-owned conglomerate based in Hong Kong. By the end of 2015, the company had total assets of RMB 901.1 billion and total assets under management of RMB 6.5 trillion. The company's profits hit a record high in 2015, with revenue of RMB 122 billion and total profit of RMB 48.9 billion. It has been recognized as Level-A SOE for 12 consecutive years, from 2004 to 2015.

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