The origin of China Resources Group?

China Resources (Group) Co., Ltd. (referred to as China Resources or China Resources Group) was founded in 1938. Its predecessor was an underground transportation station established by the Communist Party of China in Hong Kong for the Anti-Japanese War.

In 1948, it was reorganized and renamed China Resources Corporation. In 1952, its affiliation was changed from the General Office of the Central Committee of the Communist Party of China to the Ministry of Trade of the Central Committee of the Communist Party of China (now the Ministry of Commerce). In 1983, China Resources (Group) Co., Ltd. was reorganized and established. In December 1999, it was decoupled from the Ministry of Foreign Trade and Economic Cooperation and placed under central management. In 2003, it became a central enterprise under the leadership of the State-owned Assets Supervision and Administration Commission of the State Council.

Extended information

China Resources Group’s main business covers three areas: manufacturing and distribution of daily consumer goods, real estate and related industries, infrastructure and public utilities. It has 17 companies A first-level profit center, it owns 6 listed companies in Hong Kong: China Resources Gas (HK1193), China Resources Beer (HK291), China Resources Power (HK836), China Resources Land (HK1109), China Resources Cement (HK1313), and China Resources Pharmaceuticals (HK3320).

On July 22, 2015, the US Fortune magazine released the list of the world's top 500 companies in 2015. China Resources Group once again made the list with an outstanding score of 115th, an increase of 28 places compared with 2014. On July 20, 2016, in the Fortune 500 list released by Fortune magazine, China Resources Group ranked 91st, rising 24 places. In August 2016, China Resources Group ranked 17th among the top 500 Chinese companies in 2016.

Baidu Encyclopedia-China Resources Group