Guangzhou Port Company Limited Successfully IPO on Shanghai Stock Exchange

Guangzhou Port Company Limited Successfully IPO on Shanghai Stock Exchange

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Beijing time March 29th at 09:30am, Guangzhou Port Company Limited officially listed on the main board in Shanghai Stock Exchange. Leaders from China International Capital Corporation Limited, Guangzhou Municipal Government and Guangzhou Port Company Limited ringed the bell at the hall with a group of Guangzhou Port’s staff and customers witnessed. Since then, Guangzhou Port Company Limited (Stock Code: 601228.SH) started its route on capital market and opened another new page of development.

About Guangzhou Port Company Limited:
Guangzhou Port Company Limited was established on Dec. 28th 2010 by Guangzhou Port Group Co., Ltd., State Development & Investment Corp. and Guangzhou Development Group Co., Ltd. In May 2014, COSCO Group and Shanghai China Shipping Port joint as the strategic investors. Presently, Guangzhou Port Company Limited owns and operates 68 big berths with 23 for containers, 4 for coal, 5 for oil & liquid chemical, and 36 for bulk piece cargos. Besides, the company also possesses another 54 small berths for barge, tuggae fleets, barge fleets and on-dock railways.

The company covers 4 port areas including Nansha, Xinsha, Huangpu and Inner Downtown making the port to be South China’s largest comprehensive hub and container gateway. The port located in Guangzhou City, the center of economy, trade and culture of the most dynamic area-Pearl River Delta. The strong economy, dynamic trading and booming consumer market makes the port sustainable development. Further more, the local government is also positioning the city to be “3 Centers”. That is International Shipping Center, Logistics Center and Trading Center. With this positioning, the local government will make every effort to push forward the port business.