Company type | State-owned enterprise |
---|---|
Industry | Shipping and Logistics |
Founded | 2008 |
Headquarters | , |
Area served | World |
Key people | Executive Director and President: Song Dexing[1] |
Revenue | 89.044 billion renminbi (2015)[2] |
Number of employees | 51,511 (2015)[2] |
Website | 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).[2]
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]