The development history of China Resources Co., Ltd.

In early 1938, Yang Lianan went to Hong Kong to establish Liow & Co. in accordance with Zhou Enlai's instructions.

On December 18, 1948, Lianhe Bank was renamed China Resources Company and officially registered with the British Hong Kong authorities. According to Yang Shangkun's memoirs, "Hua" is taken from China, and "Run" is taken from Mao Runzhi.

In March 1949, Zhou Enlai and Ren Bishi instructed Liu Xiao and Qian Zhiguang in Hong Kong to merge Guangda Hua Bank with China Resources Corporation. This was the first organizational reorganization of China Resources before and after the founding of the People's Republic of China.

In 1950, China Resources sold large quantities of soybeans to Jardine Matheson, which was the largest export business since the company was founded. It also imports cotton from Egypt and Pakistan, rice from Thailand, and rubber from Singapore, Malaysia and other places. This year, China Resources' import and export trade volume reached US$50 million (calculated based on current prices).

In 1952, China Resources Corporation was placed under the jurisdiction of the Central Ministry of Trade and officially became the general agent of Chinese import and export companies in Hong Kong.

On April 25, 1957, the first China Export Commodities Fair was held in Guangzhou. China Resources Corporation is one of the founding members of the Canton Fair.

In 1979, China Resources Corporation’s manufacturing investment in Hong Kong began. This year, it invested in Datong Industrial Equipment Co., Ltd., Jingyi Fur Factory, Huake Electronics Co., Ltd., etc.

On July 8, 1983, China Resources (Group) Co., Ltd. was registered in Hong Kong.

In December 1984, China Resources Group held its second board of directors and proposed for the first time "relying on the mainland, basing itself on Hong Kong, facing the world, and turning China Resources into a diversified and international large-scale enterprise focusing on trade." "business policy. China Resources Group has begun the process of business diversification and internationalization.

On December 31, 1986, China Resources Co., Ltd. was established in Beijing.

In 1988, China Resources Group formed a joint venture with a number of consortiums, Tate's Cairn Tunnel Co., Ltd., to build the Tate's Cairn Tunnel in Hong Kong and began to get involved in Hong Kong's infrastructure industry.

In 1991, China Resources Supermarket opened in Shenzhen, and China Resources Retail began to enter the mainland market.

In 1992, the self-operated import and export trade volume reached US$2.85 billion, exceeding the trade volume of the agency import and export business for the first time.

In September 1992, Yongdali Enterprise Co., Ltd. was renamed China Resources Enterprise Co., Ltd., and China Resources Group officially participated in the business of listed companies in Hong Kong. By purchasing the listed stocks of Lippo Group and Chinese Bank of China, China Resources Group's diversified businesses began to penetrate into the financial industry.

In August 1993, China Resources Co., Ltd. was renamed China Resources Corporation.

On December 16, 1993, China Resources Enterprise Co., Ltd., a subsidiary of China Resources Group, and Shenyang Brewery jointly established Shenyang China Resources Snow Beer Co., Ltd. and began to enter the beer industry.

On May 4, 1995, China Resources Corporation signed a contract with China Unicom. China Resources would invest in digital mobile telecommunications projects in Guangxi, and China Resources began to enter the mainland telecommunications field.

On October 25, 1995, Ng Fung Hong was listed on the Hong Kong Stock Exchange.

On January 28, 1997, China Resources Telephone Co., Ltd. controlled by China Resources Group opened for business, and China Resources Group began to get involved in the Hong Kong telecommunications industry.

On September 1, 1997, Huachuang was promoted to a component stock of the Hang Seng Index.

In June 1999, China Resources Group adjusted its property rights structure. China Resources Corporation became a wholly-owned holding company of China Resources Group and exercised its holding functions.

On March 20, 2000, Ng Fung Hong was selected into the Morgan Stanley China Freedom Index.

On June 19, 2000, China Resources Group issued an announcement that in order to enhance its overall competitiveness, it planned to reorganize the group's business into four main business directions: distribution, real estate development, technology and strategic investment. The company plans to operate the above main businesses through its listed companies.

On June 20, 2000, China Resources Corporation acquired a one-time 8.1% stake in Vanke Enterprise Co., Ltd., increasing its shareholding to 10.8%, becoming Vanke's largest shareholder.

On June 30, 2000, Xuzhou VV Food and Beverage Co., Ltd. ("VV Food"), a subsidiary of Ng Fung Hong, was officially listed on the Shanghai Stock Exchange.

On January 3, 2001, China Resources Group signed a syndicated loan of HK$3.5 billion for a period of five years. This syndicated loan is the largest in the history of China Resources, and the interest rate is far lower than ordinary borrowing costs, which fully demonstrates the market's confidence in China Resources and its recognition of China Resources' management capabilities.

On March 27, 2001, China Resources Retail successively obtained the franchise rights of top international brands such as GIVENCHY, KENZO, LANVIN, BRUNO MAGLI, and DUNHILL in designated domestic cities.

On April 4, 2001, the first phase of the 40,000-ton demonstration project of Heilongjiang China Resources Jinyu's 100,000-ton fuel alcohol project was officially completed and put into operation, ending the market gap in my country's fuel alcohol market.

On August 3, 2001, China Resources Group won the "Best Chinese-funded Institution in Hong Kong Award" in the "Outstanding Technology and Financial Enterprise Achievement Award" selected by Hong Kong's "Capital Magazine" in 2001.

In 2009, it successfully acquired Shanxi Jinye Coking Coal Group, its affiliated coal mines, fleets, coal washing plants, and coking coal plants. Start moving towards the coal industry!