Approved by the State Council, China Logistics Group Co., Ltd. was formally established on the 6th. This is a central enterprise with integrated logistics as its main business.
It is reported that China Logistics Group is a central enterprise with diversified equity under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council. The newly formed China Logistics Group consists of the former China Railway Materials Group Co., Ltd. and the China Materials Storage and Transportation Group of China Chengtong Holding Group Co., Ltd. Co., Ltd., China Central Place International Logistics Co., Ltd., China Logistics Co., Ltd., and China Packaging Co., Ltd. are based on the integration of four enterprises. Simultaneously introduce China Eastern Airlines Group Co., Ltd., China COSCO Shipping Group Co., Ltd., and China Merchants Group Co., Ltd. as strategic investors to form close strategic coordination. The registered capital of the group is 30 billion yuan.
The shareholding structure of China Logistics Group is as follows: The State-owned Assets Supervision and Administration Commission of the State Council and China Chengtong Holding Group Co., Ltd. hold the same proportion of 38.91%; the three strategic investors hold 10%, 7.3%, and 4.9% respectively. It is another central enterprise with a diversified shareholding structure.
At present, the newly established China Logistics Group has business outlets covering 30 domestic provinces (cities, districts) and five overseas continents. It has a land area of 24.26 million square meters, a warehouse of 4.95 million square meters, and a material yard of 3.56 million square meters; it has special railway lines 120 warehouses, 42 futures delivery warehouses; integration of nearly 3 million professional road freight vehicles; international trains run across Asia and Europe, and have significant competitive advantages in the international logistics market.
During the "14th Five-Year Plan" period, China Logistics Group will position itself as a "integrated logistics service solution provider and global supply chain organizer", with the mission of "promoting modern circulation and safeguarding the national economy and the people's livelihood", and strives to develop supply chain logistics. , Civilian logistics, special logistics, dangerous goods logistics, industrial logistics, emergency logistics, cold chain logistics, cross-border logistics, etc., covering warehousing, transportation, distribution, packaging, multimodal transportation, international freight forwarding, futures delivery, cross-border e-commerce, Comprehensive logistics services such as international trade, logistics design, supply chain management, processing and manufacturing, technology research and development, e-commerce, etc. Committed to building a world-class comprehensive modern logistics enterprise group with global competitiveness.
Sea, air, and land transportation form a strategic synergy
The three strategic investors introduced by China Logistics Group, China Eastern Airlines Group, COSCO Shipping Group, and China Merchants Group, are involved in air freight, ocean freight, and integrated logistics businesses. Achieving complementarity at the business level and expanding business boundaries are conducive to building a comprehensive logistics group.
COSCO SHIPPING Group-Maritime Synergy: As of August 31, 2021, China COSCO Shipping Group's operating fleet ranks first in the world in terms of comprehensive capacity. Among them, the container fleet size of 3.08 million TEU/516 ships ranks first in the world; the capacity of dry bulk cargo fleet, oil and gas fleet capacity, and special general cargo fleet ranks first in the world. There are 59 global investment terminals and 52 container terminals. The annual throughput of container terminals is 129.4 million TEU, ranking first in the world. The container leasing business has a scale of 3.7 million TEU, ranking second in the world.
China Eastern Airlines Group-Air Transport Synergy: China Eastern Airlines Logistics, a subsidiary of China Eastern Airlines Group, is involved in the field of air transportation and is the first listed cargo aviation company among the three major domestic airlines. China Eastern's logistics business involves cross-border e-commerce, fresh cold chain, high-tech, fast fashion, aerospace, biomedicine, auto parts, exhibitions and other fields.
China Merchants Group-Land Transport Synergy: China Merchants Group Co., Ltd. is a comprehensive enterprise with diversified businesses. China Merchants Group's comprehensive advantage lies on land, and its China Merchants Highway is known as the country's largest highway operation platform. Sinotrans Co., Ltd., a subsidiary of China Merchants Group, ranks eighth and fourth in the world for third-party logistics and freight forwarding services, respectively.
China Merchants Port is now China’s largest and the world’s leading port development, investment and operator. It has established a relatively complete port network group in major coastal hub ports in China. The ports invested or invested in and have management rights cover Hong Kong, Taiwan, Shenzhen, and Shenzhen. Ningbo, Shanghai, Qingdao, Tianjin, Dalian and other container hub ports, and successfully deployed in Southeast Asia, Africa, Europe, the Middle East, North America, South America, Oceania and other regions. Its subsidiary "Changzhou Airlines Group" is China's largest inland waterway shipping company. It has been deeply involved in the Yangtze River Economic Belt, mainly engaged in Yangtze River shipping, cruise tourism and port and shipping services.
The Birth Background of the Big Mac Logistics National Team
According to the official website, the former China Railway Materials Group Co., Ltd. (abbreviated as China Railway Materials) is a large central enterprise directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council. A comprehensive provider, known in the industry as the "General Logistics Department" of China Railways. The group company is headquartered in Beijing, and has more than 100 branches in the country and the United States, Australia, Hong Kong, Laos and other countries and regions. In September 2010, China Railway Materials Corporation was reorganized and restructured to establish China Railway Materials Co., Ltd. In December 2017, with the approval of the State-owned Assets Supervision and Administration Commission of the State Council, the company implemented the restructuring of the company and was officially renamed China Railway Materials Group Co., Ltd.
According to the announcement, China Railway Materials issued the "Announcement of China Railway Materials Co., Ltd. on the Approval of the Professional Integration of Logistics Sectors of China Railway Materials Group Co., Ltd. and China Chengtong Holding Group Co., Ltd." on November 30, 2021 (2021- 051), it was announced that China Railway Materials Group Co., Ltd. (hereinafter referred to as "China Railway Materials") and China Chengtong Holdings Group Co., Ltd. (hereinafter referred to as "China Chengtong") will implement professional integration of the logistics sectors. The name was changed to the integrated new group, and the equity of related companies held by China Chengtong Group and its affiliated companies was transferred to the integrated new group free of charge. The integrated new group will focus on building a modern logistics enterprise with a complete industrial chain and strong comprehensive strength around the needs of the construction of a modern circulation system.
According to the official website, China Chengtong Holding Group Co., Ltd. ("China Chengtong") is performed by the State-owned Assets Supervision and Administration Commission of the State Council on behalf of the State Council. In February 2016, China Chengtong was identified as a pilot state-owned capital operating company for state-owned enterprises. After becoming a pilot state-owned capital operating company of a central enterprise, the main business of the group is fund investment, equity operation, asset management, financial services, as well as integrated logistics services, forest, pulp and paper production, development and utilization, and new energy batteries.
This integration involves a number of companies, including China Railway Group, China Materials Storage and Transportation Group Co., Ltd. of China Chengtong Group, Hong Kong China Travel Service International Logistics Co., Ltd., China Logistics Co., Ltd., China Packaging Co., Ltd., China Railway Group Wuwu Group will be renamed as the new integrated group-China Logistics Group. The State-owned Assets Supervision and Administration Commission of the State Council of China Logistics Group will perform the responsibilities of investor on behalf of the State Council. The controlling shareholder and actual controller of the company have not changed. So far, another Big Mac logistics national team was officially born.
