The China Infrastructure Group ("CIG" or the "Group") was founded by its founder and chairman, Mr. Edward K. F. Chow in 1996 in Hong Kong. The Group’s principal activities are investment in and the development, operation and management of container ports which are conducted through the WIT Port, which is 85% owned by the Group. As a deep water regional container hub port at the mid-stream of Yangtze River and a feeder port to the ports in Shanghai, the WIT Port plays a key role in the transportation of container cargo to and from Wuhan and surrounding areas along the Yangtze River corridor, including the upstream areas of Chongqing and neighbouring provinces. This role is particularly important in achieving high economic growth in Central China region (中部崛起), a key theme of China’s 11th 5-year Plan (2006-2010). This pivotal role which Wuhan and WIT Port plays is also a major feature of Wuhan Municipal Government’s and the Hubei Provincial Government’s 11th 5-year Plan. Under the Provincial and Municipal 5-year Plans, by 2012, Wuhan plans to build up its container cargo handling capacity of 1.5 million TEUs. Under the same
Plans, Wuhan will also become one of the four major regional logistics hubs in the whole of China.

Wuhan and Hubei Province respectively achieved GDP growth of 12.5% (15.1% in 2008) and 13.2% (13.4% in 2008) in 2009 while that of the whole of China grew by 8.7% (9% in 2008).

The strong and well established industrial base of Wuhan featuring operators in major industries, including vehicle and engine manufacturers such as Nissan, Honda, Citreon, Renault and Cummins and LCD and electronics manufacturers such as Foxconn and TPV as well as those in the construction materials and farm products businesses have been and will continue to be the principal providers of Wuhan sourced container cargos to the WIT Port. As many of the manufacturing/assembly plants of these international companies are new, their planned production expansion is expected to continue to contribute to the growth in throughput at the WIT Port.

The transshipment services provided by WIT provide a more economical alternative to surrounding areas of Wuhan to ship container cargos using bigger ships carrying more containers to and from Shanghai and overseas as the inherent water-depth limitations along the up-stream regions of the Yangtze River preclude bigger ships from navigating directly between those areas and Shanghai. Surrounding areas which are serviced by WIT include Hunan, Guizhou, Chongqing, Sichuan, Shanxi, Henan, Hubei and Shaanxi Provinces. Recent new strategic initiatives by the government for shipping companies and WIT Port to recommence direct sailings to Yangshan Port in Shanghai (江海 直達) further strengthened the position of WIT Port as a transshipment port at the mid-stream of the Yangtze River.

With the development and growth of the container business on track, the Group has been developing its agency and integrated logistics businesses to expand its revenue sources, including bonded warehousing, customs clearance, break-bulk and distribution.

 
Shareholding in CIG Yangtze Ports PLC

 

CIG Yangtze Ports PLC ("CIG Yangtze") which owns and operates the port business of the group, was listed on the Stock Exchange of Hong Kong in September 2005 (Stock code : 8233). Major shareholders of CIG Yangtze Include the chairman of the group, Mr. Edward K. F. Chow and 3 listed strategic shareholders, namely Shui On, Value Partners and Mitsui O.S.K. Lines.

 

 

Financial Highlights