Sasac. China Merchants is a large-scale comprehensive central enterprise under the jurisdiction of SASAAC, and its major shareholder is SAAC. China Merchants Group (hereinafter referred to as "China Merchants Group") is an important state-owned backbone enterprise directly managed by the central government. Headquartered in Hong Kong, it is one of the earliest Chinese-funded enterprises established and operated in Hong Kong. It is a century-old central enterprise, a comprehensive central enterprise and a central enterprise stationed in Hong Kong.