Shenzhen Zhaohua International Exhibition Operation Co., Ltd., co-founded by two central government-run enterprises - China Merchants Shekou Industrial Zone Holdings Co., Ltd and Overseas Chinese Town Holdings Company–oversees the operations of Shenzhen World Exhibition & Convention Center, and has brought in international management and services provided by SMG, the global leader in venue management.
China Merchants Shekou Industrial Zone Holdings Co., Ltd (CMSK, Stock Code : 001979), a subsidiary of China Merchants Group (a state-owned enterprise directly managed by the State Council and one of the four major Chinese-funded enterprises in Hong Kong), is a flagship of comprehensive urban development. It is also the core integrated asset and business collaboration platform for China Merchants Group in China.
Founded in 1979, its predecessor, Shekou Industrial Zone Co., Ltd., established Shekou Industrial Zone in Shenzhen 38 years ago when China’s reforms and opening up first started, making a great contribution to the nation’s economic development. The industrial zone has been home to many famous enterprises, such as China Merchants Bank, Ping An Insurance, China International Marine Containers, and Chinese Merchants Property Development. On December 30, 2015, the Shekou Industrial Zone merged with China Merchants Property Development (Stock Code: 000024) and went public after an unprecedented reorganization, creating a model for reform of SOEs and a benchmark for innovation in the Chinese capital market.
CMSK is committed to being China’s leading urban and industrial park developer and operator and has established the development mode of “front port, mid-zone, back city”. Based on the “Industry-Internet-Finance-City Integration” development mode, it coordinates the major business of the development and operation of communities, industrial parks, and leisure cruises, and provides diversified products and services with full life-cycle coverage. This includes quality residential and commercial complexes, smart and creative business parks, a regional industrial belt, a cruise terminal, office buildings, hotel apartments, and senior living and health care for senior citizens, offering comprehensive solutions for urban development and industrial upgrades.
In 2016, CMSK made great strides in its development with remarkable progress in major projects such as Qianhai-Shekou Free Trade Area, Prince Bay Cruise Homeport, the China Merchant Shekou Industrial Zone Holdings Co., Ltd. (Phase I), Qichun Industrial Park, and Industry-Finance Interaction and Industry-Internet integration.
While continuously working on the upgrading of 39 cities, CMSK follows China Merchants Group’s "Going Global" development strategy to grow, emulate and promote the "Shekou model" in countries and regions along the Belt and Road Initiative in order to enhance the benefits of free trade zones and the Belt and Road Initiative.
Currently, its total assets are RMB 301.262 billion. Its businesses have expanded into 39 cities with land area of over 30 million square meters to be developed, area under construction of over 13 million square meters, and more than 200 quality projects. It employs more than 21,000 people and serves millions of customers.
OCT Group, founded in 1985 in Shenzhen, is a pioneer of reform and opening up and is a large central-run enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). It was one of China's first cultural industry demonstration bases and was recognized as one of the "National Top 30 Cultural Enterprises". Since 2010, it has received an A-level assessment from the SASAC for seven consecutive years and has remained as one of the top four theme park companies in the world for four consecutive years and No.1 in Asia. The total assets of OCT Group are nearly RMB 220 billion.
In the new era, OCT, closely following China's new urbanization strategy and under the guidelines of the five development concepts of "innovative, coordinated, green, open and shared", has creatively put forward the innovation-based strategy of "culture + tourism + urbanization" and "tourism + Internet + finance." It has actively promoted and implemented the strategy of urbanization and built multiple cultural tourism towns in Shenzhen, Sichuan, Beijing and Tianjin. In addition, it has promoted region-based tourism in Yunnan and Hainan to accelerate the asset-light development of national natural and cultural scenic spots and has actively responded to the Belt and Road Initiative to create a new cultural tourism hotspot in Xi'an.
In 2017, OCT Group set a mid-to-long-term strategic goal of becoming "a high flyer in China's cultural industry, a leader in China's new urbanization, and a role model in China's region-based tourism" to implement national strategies and fulfill the political, social and economic responsibilities of central enterprises. By expanding the scope of its business operations, accelerating enterprise transformation and upgrading, and establishing and improving professional platforms for culture, tourism, urbanization, Internet and finance, OCT Group has expanded to more than 50 cities across the country. It now also covers diversified business segments such as new urbanization, cultural and creative industry, industry and financial platforms, region-based tourism, urban development and operation, theme hotel development and operation, and intelligent management, which have helped to drive China's cultural tourism industry forward.