China Merchants Group (CMG) is a state-owned backbone enterprise headquartered in Hong Kong. It is under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Its overall characteristics can be summarised as: a century-old central enterprise, an integrated central enterprise and a central enterprise based in Hong Kong. In 2022, the main operating indicators of China Merchants Group increased steadily, revenue of RMB 959.0 billion with YoY growth of 3.2%, total profit of RMB 219.3 billion with YoY growth of 3.3%, net profits of RMB 179.6 billion with YoY growth of 5.9%, and total assets of RMB 12.4 trillion by the end of 2022, with total assets and net profit ranking first among central SOEs. China Merchants Group was awarded A grade by the SASAC for 19 consecutive years and the Excellent Performance Enterprise for six consecutive terms. In 2022, China Merchants officially changed from a state-owned capital investment company pilot enterprise to a state-owned capital investment company. China Merchants continued to be the company with two of the World's top 500 companies, and China Merchants Group and China Merchants Bank continued to improve their rankings.