Who are the four major consortiums in China and how do they operate?

Generally, some consortiums of enterprises are called consortiums. Every country has consortiums with particularly strong economic strength, and our country is no exception. The four major consortiums in our country are also very famous. Each of them is The group has a long history, its managers are very strong, and its profit scale is also very high. So, who are China’s four major consortiums? How do consortiums operate?

Who are China’s four major consortiums

The number one China Merchants Group

The establishment of China Merchants Group can be traced back to 1872, when Li Hongzhang founded the China Merchants Shipbuilding Industry Co., Ltd. It was also the first ship shipping enterprise in modern Chinese history and can be described as a pioneer of Chinese national industry and commerce.

To date, China Merchants Group still has 68 ports in 27 countries and regions around the world, and has the largest maritime voice in the world.

Not only in the sea area, China Merchants Group is also the largest investment and operator of toll roads in China, with a total mileage of highways that can circle half of the earth.

However, such a behemoth looks so low-key that we rarely see it in media reports. In fact, this is because the scale of China Merchants Group is so large that its subsidiaries are not low-key at all.

For banks, there is China Merchants Bank, which is the most well-known outside the four major banks. In terms of securities, there is China Merchants Securities, the leading domestic securities firm. In terms of funds, there is one of the top ten domestic investment funds. In terms of real estate, there is also one of the top ten domestic investment funds. Investment Shekou.

Second place CITIC Group

First of all, CITIC Group has a long history. It was founded in 1978. Deng Xiaoping proposed and approved the construction. It was even managed by former Vice Chairman Rong Yiren. .

After more than 40 years of development, CITIC Group currently has a large number of subsidiaries, more than 170, of which more than ten are listed. The owners are mainly involved in the two major sectors of finance and business. .

The most famous subsidiary of CITIC Group is none other than CITIC Bank. As the seventh largest bank in mainland China, this company alone has total assets of more than 1.2 trillion Hong Kong dollars.

In addition, among the subsidiaries of CITIC Group, CITIC Securities is the largest securities company in China, CITIC Trust is the largest trust company in China, and China Asset Management is the fourth largest fund company in China. It can be said that in the financial industry Achieve excellence in all aspects.

There is also CITIC Heavy Industries, which is also the world's largest mining equipment manufacturer and has made great contributions to my country's economic construction.

It is worth mentioning that CITIC Group is still one of the only three ministerial-level state-owned enterprises in my country, and its status is unmatched by other companies.

Third place China Resources Group

Among the four major consortiums, China Resources Group has the second oldest history. It was founded in 1938. An underground transportation station established in Hong Kong.

Although China Resources is not as famous as the other three, the products of its companies can be said to be inseparable from our lives, and it is even called a nanny-type enterprise.

There is no need to introduce China Resources Gas, China Resources Electric, etc. that have entered thousands of households. Many people may not know that we are familiar with Snow Beer, Yibao Mineral Water, Dong'e Ejiao, and 999 Cold Spirit. , Jiangzhong Jianweixiaoshi tablets, etc. are actually products of China Resources.

Of course, in the high-end real estate industry, China Resources Group also has a layout. Although its subsidiary China Resources Land is not as developed as Poly, its annual sales of 315.8 billion are enough to rank among the top ten in the country (ranked ninth).

The fourth place is Poly Group

Speaking of Poly Group, the first thing that everyone thinks of must be Poly Real Estate (Poly Development).

The total sales in 2021 will be 543.9 billion yuan, ranking fourth in the country. It is natural for it to be a household name. But in fact, the real estate sector is just the tip of the iceberg of Poly Group.

The predecessor of Poly Group is Poly Technology Company, which was founded in 1993. It is a large central enterprise managed by the State-owned Assets Supervision and Administration Commission. It was originally established in response to the one-million-dollar disarmament policy, so many people call it a state-led enterprise. Big ones.

In 2018, Poly Group officially completed its corporate restructuring, and its business scope expanded to real estate, light industry, crafts, culture, civil explosives, silk, communications, finance and other aspects.

How the consortium operates

The consortium is a monopoly group controlled by a very small number of financial oligarchs, usually including a few large banks, insurance companies, and a large number of industrial and mining enterprises, commercial enterprises and Transportation companies, also known as financial capital groups. Each consortium is active in many economic sectors, and has also expanded to superstructure sectors such as culture, education, science, health, publishing, and government agencies.

They not only use their own capital, but also mainly use the large amounts of other people's capital they control to obtain high monopoly profits.

How China's No.1 Financial Group was formed

China Merchants Group has a very long history. It was founded by Li Hongzhang, a minister in the late Qing Dynasty. It has a history of more than 100 years and is a real century-old company. Enterprise, so there is also the term "Centennial Investment Promotion Bureau". Today, China Merchants Group has developed into a large-scale multinational enterprise giant spanning multiple business fields.

China Merchants Group has created many firsts in the domestic business community. China Merchants Bank is the first joint-stock commercial bank in my country, and Ping An Insurance is the first joint-stock insurance company in China, including the first branch in modern China. The fleet and the first bank were all founded by China Merchants Group.

At present, the core businesses of China Merchants Group are comprehensive transportation, urban and park development, and finance. China Merchants Group invests in and operates more than 10 domestic container hub ports, and also covers more than 60 ports around the world. The group's cargo throughput ranks first in the world. It also invests in and operates roads, bridges and toll roads in 20 domestic provinces, and owns more than 300 ships. Large ships and more than 1,000 freight logistics companies.

The financial businesses of China Merchants Group are also very outstanding, including China Merchants Bank, China Merchants Securities, Boshi Fund, Renhe Insurance, China Merchants Venture Capital, China Merchants Capital, China Merchants Finance and many other companies. Among them, Boshi Fund Management Its assets are as high as 1.33 trillion yuan, and China Merchants Capital’s assets under management are nearly 300 billion yuan.

China Merchants Group has built cities and parks in more than 110 cities around the world, such as China-Belarus Industrial Park, Djibouti International Free Trade Zone, Hambantota Port Industrial Park in Sri Lanka, and Saisettha Comprehensive Development in Laos District, etc., China Merchants Group is a large representative enterprise of the domestic real economy, involved in shipping, port and highway operations, logistics, equipment manufacturing, freight export, park development and other industries, and it deserves the title of the first central enterprise group.

What are the top consortiums in Asia?

The top consortium in Japan

First of all, let’s talk about Japan. Since Japan’s industrialization, consortiums have played an unusual role. , participating in many industries, the scale and strength are constantly expanding. The most powerful and largest consortium in Japan is the famous Mitsui Consortium, with total assets of more than 20 trillion and a history of more than 300 years.

Before World War I, the strength of the Mitsui Consortium was already very prominent, involving multiple industries, mostly in the field of heavy industry. During World War II, Mitsui owned hundreds of companies, penetrating into almost All industries, but after the defeat of the war, Japan's consortiums were dismantled and their strength declined significantly.

As Japan's economy gradually recovers and its economic strength continues to improve, the former consortium gradually regains its former glory, and Mitsui gradually regains most of its strength. The Mitsui Group owns the famous Toyota Motor, Toshiba, Sony, Mitsui & Co., Ltd. and other large enterprises. It includes almost the most well-known brands in Japan and is involved in many industries.

South Korea’s first consortium

The second is South Korea’s consortium. South Korea has four famous consortiums, namely: Samsung, Hyundai, SK, and LG Group, all of which are leaders in various industries. For example, Samsung is South Korea's largest semiconductor giant and technology giant, Hyundai is South Korea's largest automobile manufacturing group, ranking fourth in the world, SK has an outstanding position mainly in the energy and information industry, and LG is mainly stronger in electronics and chemical energy. .

Among them, Samsung Group is the strongest. The core enterprise of Samsung Group is Samsung Electronics. Samsung Electronics is a technology giant with a full industry chain layout. It is the world’s largest smartphone manufacturer and semiconductor manufacturer and has realized smart phones. The independent manufacturing of all mobile phone parts occupies an important position in the global semiconductor industry.

At present, the total assets of Samsung Group exceed 4 trillion yuan, making it the largest consortium in South Korea. Its economic influence on South Korea is self-evident. Samsung Group is not only involved in electronics and semiconductors, but also in shipbuilding, aircraft manufacturing, construction, finance and insurance, hotel and tourism and other industries. Samsung Shipyard is one of the three largest shipyards in South Korea.

China’s No. 1 Consortium

Since South Korea and Japan have their own large consortiums, as the world’s second largest economy, does our country have consortiums or companies similar to consortiums? Perhaps Many people will think of Internet giants such as Alibaba and Tencent. In fact, these giants are not involved in the real economy, and their comprehensive strength cannot be said to be a consortium.

According to data analysis, the enterprise that can be called the first consortium in our country is undoubtedly the China Merchants Group, a large state-owned enterprise group. The total assets of the China Merchants Group exceed 11 trillion yuan, which is Samsung’s 2 Beiduo is a large-scale comprehensive multinational giant with annual profits exceeding RMB 100 billion.

China Merchants Group was first founded by Li Hongzhang in the late Qing Dynasty as the China Merchants Group. It can be said to have a long history. After hundreds of years of development, it now spans multiple industries. You must know that domestic Ping An Insurance, China Merchants Shekou, and China Merchants Bank were all founded by China Merchants Group, and have created many firsts in China.

China Merchants Group has as many as 1,100 subsidiaries and is the world's largest port operator. It manages 66 ports around the world. Its port cargo throughput ranks first in the world. It is also my country's largest expressway operator. It operates highway bridges and tunnels in more than 20 provinces across the country. It is also one of the overlords in the global shipping industry. It owns 347 large ships and ranks first in the world in terms of the number of large ore ships.

However, these are only a small part of China Merchants Group’s business. According to the financial report released by the group, the group completed revenue of 936.2 billion yuan in the past 2021, and is expected to exceed the 1 trillion mark this year. Total profits exceeded the 200 billion mark for the first time, total assets also reached 11.6 trillion, and comprehensive strength continued to improve.