According to a cooperation agreement signed between Tianjin Port
(Group) and China Merchants Group (CMG) on Dec 6, both sides will
promote the construction of the city's Northern International Shipping
core area, adjust its economic structure and deepen its reform.
They will cooperate in port operations, regional integrated
development, comprehensive logistics services, financial services, and
talent training. They will also expand development space and strengthen
industrial service functions, promote industries' gatherings, and
establish a logistics network centered on the port.
The network will be part of the port's shift to logistics transaction
integration as it matures into a modern international port and a
component of the economic development and industrial upgrading of
Tianjin Port (Group) and CMG, cooperating in port logistics and the
cruise economy, established the four-berth Tianjin Five Continents
International Container Terminal and the Tianjin International Cruise
CMG is a leading State-owned conglomerate based in Hong Kong. It is
under direct supervision of the State-owned Assets Supervision and
Administration Commission of the State Council. Its main businesses are
transportation (port, road, shipping, logistics, maritime industry, and
trade), finance (banking, securities, and insurance), and real property
(park development and real estate).