Sinotrans&CSC Group | |
Type: | State-owned enterprise |
Foundation: | 2008 |
Location Country: | People's Republic of China |
Key People: | Executive Director and President: Song Dexing[1] |
Area Served: | World |
Industry: | Shipping and Logistics |
Revenue: | 89.044 billion renminbi (2015)[2] |
Num Employees: | 51,511 (2015) |
Homepage: | www.sinotrans-csc.com |
Sinotrans Changhang, or Sinotrans&CSC Holdings, is the largest logistics company of the People's Republic of China, with further interests in shipping and shipbuilding. The group is state-owned and was formed in March 2009 by the reorganisation of two other state-owned enterprises, the China National Foreign Trade Transportation (Group) Corporation (Sinotrans) and the China Changjiang National Shipping (Group) Corporation (CSC).
In December 2015 the State Council gave its approval for a further strategic reorganisation as part of a wider drive to improve the vitality and competitiveness of state-owned corporations.[3] This entailed the integration of Sinotrans Changhang into the China Merchants Group, a process which was completed by April 2017.[4]