China Merchants Port

China Merchants Port Holdings Co. Ltd.
Native name	招商局控股港口有限公司
Type	Partially State-owned enterprise (Red chip); Public company
Traded as	SEHK: 144
Industry	Shipping and Logistics
Founded	28 May 1991
Headquarters	Hong Kong, People's Republic of China
Area served	People's Republic of China
Key people	Chairman: Li Xiaopeng
Net income	7,955,100,000 (2018)
Owner	China Merchants Group (55.4%)
Number of employees	9,149 (2018)
Parent	China Merchants Group
Website	cmport.com.hk

China Merchants Port Holdings Company Limited (SEHK: 144) is a major conglomerate based in Hong Kong and is involved in a range of businesses such as port operations, general and bulk cargo transportation, container and shipping business, air cargo, logistics park operations and paint products. The predecessor of the parent company was established in 1872 and was the preeminent industrial and commercial group in mainland China.^[1]^[2]^[3]

History[]

On 16 June 1997, the company adopted the title China Merchants Holdings (International) Company Limited (招商局國際有限公司).

On 15 July 1997, the company was listed in the Hong Kong Stock Exchange.^[4]

On 10 August 2016, the company adopted its current title.^[5]

Indexed stock[]

In the quarterly review of Hang Seng Index composition ended on Jun 29 2018, it was announced by Hang Seng Indexes Company that China Merchants Port will be removed from constituent stocks from Sep 10, 2018, and replaced by another. The decision to remove China Merchants Port was due to its turnover volume and market capitalisation failed to meet the minimum requirements.^[6]