Shenzhen Zhaohua International Exhibition Operation Co., Ltd is jointly established in May, 2017 by two central enterprises, China Merchants Shekou Holdings Co., Ltd and Shenzhen OCT Co., Ltd, for the operation and management of Shenzhen World Exhibition & Convention Center. The company leadership incorporates exhibition and convention industry experts with international visions, global resources, and bountiful MICE experiences, international venue operating experts and real estate elites. Shenzhen World adopts the positioning of “first-class design, first-class construction and first-class operation” to boost the overall competitiveness of Shenzhen and the exhibition and convention industry in China. Taking it its own responsibility to advance the exhibition industry of Shenzhen and China towards the world, The company continues to innovate and work hard for the seamless integration of global standards and systems with domestic venue management expertise, offer customers a world-class global trading platform featuring green and smart development and create values for customers on an ongoing basis.
China Merchants Shekou Industrial Zone Holdings Co., Ltd (CMSK, stock code:001979), a flagship subsidiary under the China Merchants Group, a leading state-owned enterprise under the direct supervision of the central government, is dedicated to comprehensive urban development. It is also the Group’s asset integration platform for real estate and important business collaboration in China.
Founded in 1979, CMSK established Shekou Industrial Zone 40 years ago, which is the birthplace of China’s reform and opening up and has contributed to China’s economic development. Many famous enterprises were incubated and cultivated here, such as China Merchants Bank, Ping An Insurance, China International Marine Containers, China Merchants Port and so on. On December 30th, 2015, CMSK merged with China Merchants Property Development and went public after an unprecedented reorganization, being a model of state-owned enterprise reform and a benchmark for the innovation of China's capital market.
CMSK integrates the unique advantages of the former China Merchants Property Development and Shekou Industrial Zone, and strategically positions itself as “China's leading city and industrial park developer and operator” with three pillar businesses, namely: industrial park development and operation, residential community development and operation, and cruise industry development and operation and thus has formed the unique “Port-Park-City” mode, which facilitates it to engage in the urban development of key cities along the “Belt and Road” and in China.
Committed to be “the better life carrier”, CMSK develops comprehensive solutions for urban development and industrial upgrading and also provides diversified products and services covering full life cycle. There are six categories of products and services to facilitate the customers’ enlightenment education, career advancement, residence experience, entertainment, health care, and elderly care, which covering 25 model production lines and various business sectors including education, culture, office buildings, industrial parks, cultural and creative industries, featured industrial cities and towns, long-lease apartments, residence, hotels, complexes, commerce, cruise, health and elderly care, etc., thus introducing a better life style to people in all respects.
CMSK promotes the national network layout of cruise port and the duplication of its business model to realize the interrelated management of “Cruise, Port, City, Tourism, Shopping and Entertainment” and build a high-end tourism service ecosystem integrating tourism real estate, home port economy and cruise industry. CMSK has initially completed the layout of cruise terminals in China's coastal cities, including Shenzhen, Xiamen, Shanghai and Zhanjiang, striving to establish a Chinese cruise brand and build a globally influential cruise industry benchmark. Meanwhile CMSK is building up the world’s biggest convention center—Shenzhen World Exhibition & Convention Center, which integrates exhibitions, conferences, events (competitions, performing arts, etc.), catering, shopping, office and services together to establish a new engine for local development and to provides new impetus for urban growth; it will be a great significance to enhance the function and image of the city, promote the modernization, internationalization and innovation of the city.
In production upgrading, CMSK works hard on industrial park development and operation, and concentrates on spatial planning, industrial clustering and services to promote industrial innovation. Including industrial parks, specialized industrial zones, and ecological zones, CMSK has been contributing to the industry’s healthy development and the diversified development of the economy. Since 1979, CMSK has been developing and building Shekou Industrial Zone, the first export-oriented economic development zone in China. In the past 40 years, CMSK has independently developed, constructed, operated and managed a relatively independent urban area by raising capital on its own, and accumulated rich experience in urban development and operation, thus establishing a unique land development and operation model of CMSK. Based on the upgrading of the Shekou industrial park template, the company actively promotes the duplication of Shekou mode to the world, and has built specialized industrial new towns in several cities in China. CMSK also actively participates in constructing specialized industrial parks in the countries along the “Belt and Road”.
In production upgrading, CMSK has been working on providing quality housing for residential customers and building ideal living space for families. The company has developed three types of residential products to satisfy the core residential needs of different families, including the Value series (quality houses for happy life), Premium series (affordable luxury and comfortable houses as a life reward) and Heritage series (property as heritage of the family). CMSK’s business-owned properties and businesses have also booming. Business products covering different mode-lines such as Sea World, Garden City and so on; and the long-lease apartment brand “Apartment One” has been covering Tier-1 and some key Tier-2 cities in China; and the Health-line products such as senior apartment and senior care center have been opened in cities of Shenzhen, Guangzhou and Hangzhou.
As of the end of Septembe 2019, the total assets of CMSK had amounted to over 527.9 billion. CMSK's business covers more 65 cities and regions around the world, with over 450 quality projects available and serving millions of global customers.
OCT Group is a large central enterprise directly managed by the state-owned assets supervision and administration commission of the state council. It was born in 1985 in Shenzhen, the front line city of reform and opening up. An array of listed companies such as Holding OCT A, Konka Group, OCT Asia, Yunnan Tourism, Oct Top-sight Culture, etc. are the first batch of demonstration bases for cultural industry, top 30 cultural enterprises in China, and A-rating receivers by Sasac for 8 consecutive years. The group asset has surpassed 300 billion RMB, and made its way to top four among the world as theme-park developing groups for 6 consecutive years and a senior bellwether in Asia with a total number of accumulative tourists around 400 million person times.
Over the years, OCT Group has cultivated a mix of leading businesses like culture-related operation, real estate and hotel development and operation, electronics and the ancillary packaging products manufacturing. It has been dedicated to improving the life quality of Chinese with its unique innovative culture. Among its many brands, Konka, Happy Valley, Splendid China, China’s Folk Culture Villages, Window of the World, OCT East, OCT Bay, Myrules World,Portofino Township, Pure Waterfront, OCT LOFT, OCAT modern art center, OCT Hotel, The Venice Raytour Hotel, etc. are all leading ones of the industry.
In the new era, OCT has closely followed the national strategy of new style of urbanization and creatively put forward an innovative development pattern featuring the integration of “culture plus tourism plus urbanization” and “tourism plus internet plus finance” under the five major development philosophies of “innovation, coordination, green, openness and sharing”, to accelerate implementation of the urbanization strategy. The state-owned assets supervision and administration commission of the state council has sung high praise of the OCT Group, commenting that it has been bold in innovation in its operating mode. In the recent years, OCT has built up many large-scale cultural and tourism projects in Shenzhen, Beijing, Tianjin, Nanjing, Wuhan, Zhengzhou, Chengdu, etc. It has devoted its full efforts to developing tourism in Yunnan and Hainan to speed up the smart asset expansion of natural and cultural tourism spots around the country. Following the national strategy of the Belt and Road Initiative and taking advantage of its own strength at strategic planning, the OCT Group has successfully established the Greater Xi’an cultural tourism highland along with others.
Driven by the new strategy, OCT will continue to expand its business scope, actively promote mixed ownership reform and advance toward the world’s first class enterprises with strong competitiveness. It will construct and optimize the professional platforms in five aspects: culture development, tourism, urbanization, Internet and finance. So far, its network has already covered more than 50 cities in China and fostered many businesses including new urbanization, full-range tourism, culture and innovation, industry integration platform, city comprehensive development and operation, themed hotel development and operation, smart management outsourcing, etc. It has lead and will continue to lead China’s culture and tourism industry development forward.