Home Business The new central enterprise China Logistics Group unveiled and sits on 120 dedicated railway lines-Finance News

The new central enterprise China Logistics Group unveiled and sits on 120 dedicated railway lines-Finance News

by admin

New state-owned enterprise China Logistics Group unveiled and sits on 120 dedicated railway lines

Will be positioned as an integrated logistics service solution provider and global supply chain organizer

The “national team” in the logistics field, which has attracted much attention from the market, is finally available.

On December 6, the inaugural meeting of China Logistics Group Co., Ltd. (hereinafter referred to as “China Logistics Group”) was held in Beijing. State Councilor Wang Yong attended the meeting and unveiled the company. This is my country’s new central enterprise with integrated logistics as its primary business. It is a milestone in the history of my country’s logistics industry and opened a new chapter in building a world-class integrated logistics group.

Affected by this good news, among the four listed companies belonging to China Logistics Group yesterday, except for a slight decline in Guotong shares, the share prices of China Railway Materials, China National Reserve and China World Trade Center Logistics all closed up.

Zhang Xiuzhi, a distinguished professor of Hainan Vocational and Technical College of Economics and Trade, said in an interview with a reporter from Securities Daily that modern logistics is a basic, strategic, and leading industry of the national economy, and it is also a technology-intensive and capital-intensive industry. The development of information technology and other influences. The establishment of China Logistics Group reflects the country’s great emphasis on the development of the logistics industry, and demonstrates my country’s confidence and determination to build a world-class integrated logistics group with global competitiveness.

The reporter learned from China Logistics Group that the newly formed China Logistics Group consists of the former China Railway Materials Group Co., Ltd. and China Materials Storage and Transportation Group Co., Ltd., China Central Place International Logistics Co., Ltd. Logistics Co., Ltd. and China Packaging Co., Ltd. are based on the integration of four companies, and simultaneously introduced China Eastern Airlines Group Co., Ltd., China Ocean Shipping Group Co., Ltd., and China Merchants Group Co., Ltd. as strategic investors to form close strategic coordination. From the perspective of its shareholding structure, the State-owned Assets Supervision and Administration Commission of the State Council and China Chengtong Holding Group Co., Ltd. each hold 38.9%; the three strategic investors hold 10%, 7.3%, and 4.9%, respectively.

China Logistics Group currently has operating outlets in 30 domestic provinces (cities, districts) and five overseas continents, has 120 dedicated railway lines, and integrates nearly 3 million road freight vehicles in the society.

Liu Xingguo, a researcher at the Research Department of the China Enterprise Confederation, said in an interview with a reporter from the Securities Daily that the professional integration of the logistics sector of central enterprises will not only significantly increase industrial concentration, but also optimize resource allocation and asset quality, thereby improving financial performance. . In addition, this will help the new central enterprise group to coordinate and allocate resources, focus on technical research, accelerate the industry’s core and key technological breakthroughs, and enhance the industry’s international competitiveness.

Before the formal establishment of China Logistics Group, Weng Jieming, member of the Party Committee and Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council, went to China Railway Materials and China Chengtong Logistics to conduct investigations in mid-November. At that time, Weng Jieming pointed out that companies such as China Railway Materials and China Chengtong Logistics should focus on the company’s “14th Five-Year Plan” vision, accelerate internal integration, integration and innovation and development, and establish an industry that meets its own characteristics and has strong competitiveness. System; Focus on the modern enterprise system with Chinese characteristics, actively explore the introduction of strategic investment, optimize the corporate governance mechanism, and empower the transformation and development of the enterprise; focus on the motivation of vitality, do hard work to promote reform, and strive to cultivate and form a first-class enterprise that fully reflects efficiency and efficiency. Provide strong support for building a modern logistics system.

This time, China Logistics Group also made it clear that in the “14th Five-Year Plan” period, it will be positioned as a “integrated logistics service solution provider and global supply chain organizer”, with the mission of “promoting modern circulation and safeguarding the national economy and the people’s livelihood”. Focus on the development of supply chain logistics, civilian logistics, special logistics, dangerous goods logistics, industrial logistics, emergency logistics, cold chain logistics, cross-border logistics, etc., covering warehousing, transportation, distribution, packaging, multimodal transportation, international freight forwarding, futures delivery, Comprehensive logistics services such as cross-border e-commerce, international trade, logistics design, supply chain management, processing and manufacturing, technology research and development, e-commerce, etc.

Since the beginning of this year, cases of reorganization and integration of central enterprises have been overwhelming. Such as the completion of the reorganization of the “Industrialization and Industrialization”, the reorganization of China Power Technology, China Putian, Anshan Iron and Steel Benxi Iron and Steel Group, and the implementation of integration of some subsidiaries of China Xidian Group and State Grid.

“The integration of equity relations is only the first step. What is more critical is to comprehensively promote the in-depth integration of the internal business, resources, channels, management, culture and other elements of the central enterprise group.” Liu Xingguo said that in addition to the logistics field, Similar businesses scattered across multiple central state-owned subsidiaries, such as environmental protection, new energy, equipment manufacturing, real estate, overseas oil and gas resources, chemicals, and food reserves, can also be combined through professional integration in the future.

(Editor in charge: Wang Qingyu)

Disclaimer:This article is reproduced by ChinaNet Finance for the purpose of conveying more information, and does not represent the views and positions of this website. Article content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.


0 comment

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy