China Merchants Shipbuilding Industry Group Co., Ltd. (CMI) is a state-owned enterprise specialising in marine equipment manufacturing, shipbuilding, and offshore engineering. It operates as the equipment manufacturing arm of China Merchants Group (CMG), a central state-owned conglomerate under the direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. Headquartered in Hong Kong, CMI was formerly known as China Merchants Industry Holdings Co., Ltd. before rebranding under its current name in December 2025.[1]
The group has grown into one of China's leading state-owned shipbuilding conglomerates, alongside China State Shipbuilding Corporation (CSSC), which absorbed China Shipbuilding Industry Corporation (CSIC) in 2025
Operations
CMI operates nine major shipyards and seven production bases across four key industrial regions of China: Bohai Bay, the Yangtze River Economic Belt, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. Its business is organised around four core brands: Yiulian Dockyards (ship repair and conversion), China Merchants Heavy Industry (offshore engineering equipment), China Merchants Jinling (specialised vessel manufacturing), and China Merchants Cruise (luxury cruise ship construction).