Shanghai Tobacco Group Co., Ltd. is a subsidiary of state-owned China Tobacco. The company produced Chunghwa, Double Happiness, Zhongnanhai and other brands. The company is also a minority shareholder of Bank of Communications, Orient Securities,[1] Haitong Securities and China Pacific Insurance Company[2] via Shanghai Haiyan Investment Management.
References
- 2015 Annual Report Orient Securities, Shanghai Stock Exchange, 14 March 2016, retrieved 12 November 2016^
- 2015 Annual Report China Pacific Insurance Company, Hong Kong Stock Exchange, 27 April 2016, retrieved 20 October 2016^