China Resources (Group) Co., Ltd. (hereinafter referred to as "China Resources" or "China Resources Group") is a diversified holding enterprise group registered and operated in Hong Kong. Its predecessor was "Lianhe Bank" established in Hong Kong in 1938. In 1948, it was reorganized and renamed as China Resources Corporation. In 1952, its subordinate department was changed from the Central General Office of ***********************************************************. In 1983, China Resources (Group) Co., Ltd. was reorganized and established. In December 1999, it was delinked from the Ministry of Foreign Trade and Economic Cooperation and listed as central management. In 2003, it was directly managed by the State-owned Assets Supervision and Administration Commission of the State Council and listed as a state-owned enterprise.
In 1983, China Resources (Group) Co., Ltd. was established on the basis of the restructuring of its subordinate institutions into equity linked companies. Since then, China Resources' business has shifted from general agency trade to self operation, and through a series of industrial investments, it has gradually promoted the enterprise to become an influential enterprise group with industrialization as the core in Hong Kong and the mainland.
China Resources Group has 7 strategic business units, 14 primary profit centers, 2000 physical enterprises, and 450000 employees. China Resources has 5 listed companies in Hong Kong, with its "Blue Chip Three" subsidiaries. China Resources Venture Capital, China Resources Power, and China Resources Land are listed as components of the Hang Seng Index in Hong Kong. China Resources Gas and China Resources Cement are listed in the Hong Kong Hang Seng Composite Index and the Hong Kong Hang Seng Chinese Enterprise Index. China Resources Group is one of the top 500 enterprises in the world, ranking 143rd in 2014. Since 2005, China Resources Group has successively received the A-level Central Enterprise title from the SASAC, and ranked 6th in the performance evaluation of Central Enterprises in 2012. China Resources Retail, China Resources Snow Beer, and China Resources Gas have a large scale of operations. China Resources Power is an independent power generation enterprise with fast performance growth, low operating costs, and good operational efficiency; China Resources Land is one of the powerful comprehensive real estate developers in the mainland; Snow Beer, Yibao Water, Wanjia Supermarket, and Vientiane City are well-known brands.
As of the end of 2013, the total assets were HK $1133.7 billion, the turnover was HK $50.2 billion, and the operating profit was HK $56.3 billion. The group's core businesses include consumer goods (including retail, beer, food, and beverages), electricity, real estate, cement, gas, medicine, and finance. China Resources' diversified businesses have a good industrial foundation and market competitive advantages, with retail, beer, electricity, real estate, gas, and medicine having established industry positions.