COSCO SHIPPING Group Finance Co., Ltd.
2025 Annual Risk Continuous Assessment Report
I. Basic Profile of the Finance Company
COSCO SHIPPING Group Finance Co., Ltd., formerly known as China Marine Shipping Group Finance Co., Ltd., was established as a non-bank financial institution on December 23, 2009, with approval from the former China Banking Regulatory Commission. It was officially registered and established on December 30, 2009, by the Hongkou Branch of the Shanghai Administration for Industry and Commerce, with an initial registered capital of RMB 300 million. On August 15, 2011, following a resolution by the shareholders' meeting, the registered capital was increased by RMB 300 million (including USD 5 million), with contributions from existing shareholders pro rata to their shareholdings.
In December 2015, China Shipping (Group) Company, Guangzhou Shipping (Group) Co., Ltd., and Sinotrans Container Lines Co., Ltd. signed an asset purchase agreement for China Marine Shipping Group Finance Co., Ltd. The agreement stipulated that Sinotrans Container Lines Co., Ltd. would acquire a combined 40% equity stake in China Marine Shipping Group Finance Co., Ltd. held by China Shipping (Group) Company and Guangzhou Shipping (Group) Co., Ltd. The transaction was completed in March 2016.
In October 2016, China Shipping (Group) Company acquired a 5% equity stake in China Marine Shipping Group Finance Co., Ltd. held by China Shipping (Hainan) Haisheng Shipping Co., Ltd. The industrial and commercial registration change for China Marine Shipping Group Finance Co., Ltd. was completed on December 15, 2016.