The company is a wholly state-owned subsidiary established by Wuhan Port and Shipping Development Group Co., Ltd. with a registered capital of 300 million yuan.
In order to seize the opportunities of the "Belt and Road" Initiative and the Yangtze River Economic Belt development strategy, the Hubei Provincial Party Committee and the Hubei Provincial Government made a major decision to integrate the port and shipping resources along the Yangtze River within the province. With a joint investment of 7 billion yuan from the people's governments of Wuhan, Huangshi, Ezhou, Huanggang and Xianning, Wuhan Port and Shipping Development Group Co., Ltd. was established. The establishment of Wuhan Port and Shipping Development Group Co., Ltd. shoulders the important task and mission entrusted by the Provincial Party Committee and the Provincial Government of building the core enterprise of the Wuhan Yangtze River Middle Reaches Shipping Center.
On July 11, 2016, at the eighth Party Committee meeting of Wuhan Port and Shipping Development Group Co., Ltd. in 2016, it was formally proposed to actively explore the "Internet + Port and Shipping" action, set up a special working team, and carry out preliminary research. On April 28, 2017, the board of directors of Wuhan Port and Shipping Development Group Co., Ltd. agreed to establish the company. The company is positioned to seize the national "Belt and Road" Initiative and the Yangtze River Economic Belt strategic opportunities, actively tap and effectively connect with the "water, railway and road" multi-category logistics and trade resource advantages of Wuhan Port and Shipping Development Group, rely on Internet technology as support, focus on new business formats such as port and shipping integrated services, supply chain management, domestic and foreign trade, and industrial park investment and development, and serve as the "special task force" and "new force" for Wuhan Port and Shipping Development Group to realize strategic adjustment and transformation and upgrading under the new situation, strive to improve Wuhan's port and shipping logistics service functions, make up for the shortcomings of modern shipping services, and build a new platform for service guarantee and support for the construction of the Wuhan Yangtze River Middle Reaches Shipping Center.
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