China Merchants Group (CMG) is a leading central state-owned enterprise based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. The business performance hit record high in 2018, with 648.4 billion RMB revenue, 11.1% up year-on-year, and 145 billion RMB total profit, 14.1% up year-on-year, ranking No.1 among all the SOEs. By the end of 2018, the company had the total assets of 8 trillion RMB, continuously ranking No.1 among all central SOEs. It has been recognized as one of the eight Level-A SOE for fourteen consecutive years and the Excellent Performance Enterprise for four term of office. In 2018, China Merchants Group is listed in the Fortune Global 500 for its first time application, which has created a record of the most time-honored company in the list with its 146-year history.