China Merchants Land Holdings Co., Ltd.

"China Merchants heritage, Shekou genes," China Merchants Shekou Industrial Zone Holdings Co., Ltd. (hereinafter referred to as "China Merchants Shekou") is a flagship enterprise in urban comprehensive development under China Merchants Group, a century-old enterprise. China Merchants Shekou completed the absorption and merger of China Merchants Land on December 30, 2015, achieving the overall listing of its comprehensive development and operation segment (stock code: 001979), leading a new round of state-owned enterprise reform.
The company integrates the two flagship enterprises, former China Merchants Land and Shekou Industrial Zone, to build smart cities, smart business districts, smart parks, and smart communities, promoting urban upgrading and development through the "integration of industry, network, finance, and city." Currently, it has a presence in 33 cities nationwide, with total assets of 210.9 billion yuan and a land reserve of nearly 25 million square meters (data from the company's 2015 annual report).
Among them, the "Community Development and Operation" segment will focus on quality residential development and community operation, experiential complex development and operation, with emphasis on cultivating health real estate, medical real estate, and tourism real estate, and will conduct overseas expansion at appropriate times.
The "Park Development and Operation" segment will deeply cultivate Shenzhen Qianhai and Shekou Free Trade Zone, and carry out the development and operation of themed industrial parks. As the main construction entity of the Qianhai Shekou Free Trade Zone, China Merchants Shekou shoulders the strategic responsibility of the zone's construction and operation, and is regarded as a model for state-owned enterprise reform. It will become a demonstration zone for Shenzhen-Hong Kong cooperation, a bridgehead, hub port, and starting point for the national "Belt and Road" initiative.
The "Cruise Industry Construction and Operation" segment will take the cruise home port as the core, developing supporting businesses such as duty-free shops at cruise ports, commercial real estate development, terminal property operation, and inter-island tourism resource development, involving the entire industry chain of the cruise industry. Through "ships, ports, cities, commerce, and tourism," it will jointly create and develop in a coordinated manner, exploring a new, high-comprehensive-return, integrated business model from a high starting point. Actively promote the development model of "front port, middle park, back city" to further enhance the land value of the home port and surrounding areas. Starting from Prince Bay Cruise Home Port, it will form a mature and replicable port business model, and then promote it to cruise ports led and invested by the group domestically, achieving nationwide layout.
The company's land resources in core cities have huge appreciation potential. It is also steadily expanding overseas, focusing on world first-tier gateway cities and areas along the "Belt and Road" where China Merchants Group has a presence. China Merchants Group will also actively mobilize comprehensive resources in finance, ports, logistics, trade, and shipping to fully support the company's long-term development.
Benefiting from favorable policies of the free trade zone, accelerated construction of the zone, optimized allocation of land reserves and land development capabilities, as well as the asset integration and synergy effects of China Merchants Group domestically, China Merchants Shekou has enormous future development space.