| COSCO Shipping Ports Limited | |
| Former Name: | COSCO Pacific Limited |
| Type: | listed |
| Traded As: | HKEX: |
| Industry: | Shipping and Logistics |
| Services: | port operator |
| Parent: | China COSCO Shipping (via COSCO Shipping Holdings) |
| Owner: | COSCO Shipping Holdings (47.26%) |
COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of China Ocean Shipping (Group) Company (COSCO) and now part of its successor, China COSCO Shipping group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding.
COSCO Pacific was a Hang Seng Index constituent (blue chip) from 2003[1] to 2014.[2] COSCO Pacific also a red chip company so that it once considered as a purple chip company.
COSCO Pacific Limited is a Bermuda incorporated company[3] and was a subsidiary of China Ocean Shipping (Group) Company (COSCO). In 1994, it became a listed company in the Stock Exchange of Hong Kong (SEHK). At that time, Hong Kong is a British colony and not yet handover back to the People's Republic of China. After the 1997 handover, Hong Kong still has a separate jurisdiction apart from the Mainland China. Since COSCO Pacific was incorporated in Hong Kong but indirectly controlled by the Chinese government, the company is considered as a red chip.[4]