Is China Resources Group a central enterprise or a state-owned enterprise?

China Resources Group is a central enterprise.

The predecessor of China Resources was "Lianhe Bank" established in Hong Kong in 1938. In 1948, Lianhe Import and Export Company was reorganized and renamed China Resources Corporation. In 1952, the affiliation was transferred from the General Office of the Central Committee of the Communist Party of China to the Central Ministry of Trade. In 1983, China Resources (Group) Co., Ltd. was reorganized and established. In December 1999, it was listed as centrally managed. In 2003, it came under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council and was listed as a key state-owned enterprise.

In 1953, China Resources Corporation became the general agent of various Chinese import and export companies in Hong Kong. During this period, China Resources' main mission was to organize exports to Hong Kong, import important materials for the mainland, and ensure supply to the Hong Kong market. The trade volume once accounted for one-third of the country's total foreign trade. After the establishment of China Resources Group in 1983, in response to the reform of the foreign trade system, the company gradually transformed from a comprehensive trading company into a diversified holding enterprise group with industry as its core.

Brands of China Resources Group:

1. China Resources Vanguard: Founded in 1984, it can satisfy the needs of mass family customers in the region, including three meals a day and daily life, services, The needs of catering and social interaction bring multiple experiences of happy consumption to everyone.

2. China Resources Land: Reorganized and established in 1994, it is the flagship real estate business of China Resources Group and a relatively powerful comprehensive real estate developer in China. It is mainly engaged in real estate development, commercial real estate development and operation, Property services, hotel management, cinema and other businesses.

3. C’estbon: C’estbon is a brand of China Resources C’estbon Beverage Co., Ltd. It is also an advocate and executor of pure and pure drinking water. With “C’estbon for you and me” as its brand proposition, Through consistent pursuit of quality and an enterprising spirit of innovation, we are committed to bringing high-quality products and sincere services to every consumer.