Establishment
COSCO Hong Kong was established on 28th August 1994. It is an important overseas regional headquarters and conglomerate of COSCO Group. COSCO Group started its business in Hong Kong more than 40 years ago, COSCO Hong Kong is now one of the large Chinese enterprises in Hong Kong.
Characteristics
COSCO Hong Kong is a wholly owned subsidiary of COSCO Group and operates subsidiaries in Hong Kong and Macau and the enterprises invested on the Chinese mainland.
Structure
The main business aspects of COSCO Hong Kong include ship trading and supplying services, coatings business, insurance brokerage, fuel supply, information technology, freight services, property management, etc.
Management
COSCO Hong Kong's operations ride on the development strategy of COSCO Group. Through active development of the main business, market expansion and corporate governance reinforcement, COSCO Hong Kong has established a scientific management structure and has strengthened its investment and funds management. It has developed strong management systems, including information, decision making, implementation and monitoring systems.
Scope
COSCO International Holdings Ltd. is a Hong Kong listed company under COSCO Hong Kong. COSCO International's core businesses comprise ship trading agency services, marine insurance brokerage services, sales of marine equipment, spare parts, communications and navigation equipment, fuel supply and production and sales of coatings. One of the subsidiaries of COSCO International, COSCO International Ship Trading Co., Ltd., is a major shipbroker on the Chinese mainland and in Hong Kong, which also provides shipping related consulting services. COSCO (H.K.) Industry & Trade Holdings Ltd. is an investment holdings company under COSCO Hong Kong and manages investment operations in the fields of information technology, expressways and industries both domestic and overseas. COSCO Network Limited, one of subsidiaries of COSCO (H.K.) Industry & Trade Holdings Ltd., is an important part of the IT unit of COSCO Group. It is not only devoted to achieve conformity of COSCO IT resources and to cooperate with well-known IT enterprises in the international and domestic markets, but also is striving hard to expand its business scope to high-tech product R&D, manufacturing, sale and services. COSCO (HK) Property Development Ltd. is the property division of COSCO Hong Kong. It manages the operations of Quanzhou Golf Club in Fujian Province, Riverside Golf Club in Hebei Province, COSCO International Travel (HK) Co., Ltd., Hong Kong COSCO Hotel Management Co., Ltd., etc. COSCO H.K. (Beijing) Investment Co., Ltd. is an investing company owned by COSCO Hong Kong. Its business scope covers property management, renting, letting of office space, hotel management, car rental services, etc.
COSCO Hong Kong has set up representative offices in Shenzhen, Shanghai and Beijing.