There are four major conglomerates in China that are extremely mysterious. They are all world-leading large companies, each with assets exceeding one trillion. Compared with the well-known companies such as Tencent, Alibaba, Pinduoduo, and Wanda, they are far behind them and lack the foundation.

These four major conglomerates all have a long history and heritage, and are national enterprises that have experienced the baptism of war.

Behind every enterprise is a shocking history of struggle. They are crucial to China's development and rise, and play an important role in the construction of New China.

So who are these four major conglomerates? What are their backgrounds and stories? How did they develop step by step to where they are today?

China Merchants Group started with Li Hongzhang

Speaking of China Merchants Group, you may be unfamiliar with the role it played in the course of modern Chinese history.

But the name of its predecessor must be well-known. This is the China Merchants Steam Navigation Company, which was founded by Li Hongzhang in the late Qing Dynasty. It is a major national enterprise that began during the Westernization Movement.

We all know that the Westernization Movement was a self-help movement in the late Qing Dynasty. Although it ultimately ended in failure, the series of enterprises established during the Westernization Movement played an important role in China's modern history, among which the China Merchants Steam Navigation Company was the most important.

The famous Shilipu Battle during the Anti-Japanese War and the resistance against the Japanese army in Jiangyin area both had the shadow of China Merchants Steam Navigation Company behind them, and all the ships used to resist the Japanese attack were provided by China Merchants Steam Navigation Company.

Until the eve of the founding of the People's Republic of China, China Merchants Group had become the shipping company with the largest number of ships in the country.

After the founding of New China, China Merchants Group was the first to support the leadership of the Communist Party of China and took patriotism to the extreme. After that, China Merchants Group gradually transitioned to the financial industry and established China Merchants Bank.

Relying on national support and its own strength, China Merchants Bank has continued to grow bigger and stronger. By 2022, its assets have exceeded 10 trillion yuan.

Today, China Merchants Bank has become a leading large commercial bank in the world, and will continue to create its own glory in the future.

Red Enterprise - China Resources Group

China Resources Group was founded by Qin Bangli, Bogu's younger brother. It was originally a company established by Qin Bangli to raise frontline military supplies and cover our party's underground workers. However, as Qin Bangli's business grew bigger and bigger, the business even expanded to overseas and overseas markets. South East Asia.

During this period, Qin Bangli used his business advantages to largely solve the problem of material shortages and intelligence collection for our party. During the War of Liberation, Qin Bangli's "United Bank" became the main force of north-south trade between Hong Kong and Northeast China, and established a complete trade route.

This route played a vital role during the War of Liberation, helping the PLA to solve their worries and providing great support for the establishment of New China. On the eve of liberation, Qin Bangli officially changed the name of "United Bank" to "China Resources" Group.

The name "China Resources" has a great origin. "Hua" is taken from Zhonghua, representing China, and "Run" is taken from Chairman Mao's character "Runzhi", which also means that the profits will be attributed to the country. In the following years, China Resources Group has opened up a business empire in many fields.

It covers supermarkets, medical care, electricity, gas and many other fields. In 2010, China Resources Group became one of the world's top 500 companies and has remained at the top since then. In recent years, its annual revenue has exceeded 120 billion, making it a world-leading large enterprise.

CITIC Group, the "Infrastructure Maniac"

CITIC Group is a trust and investment company established by the State Council in 1979. Its first chairman was the famous patriotic entrepreneur Rong Yiren. The special thing about CITIC Group is that it is a central enterprise group established and directly led by the State Council.

In 1988, CITIC Group participated in the national satellite research and development project, thus opening its investment in infrastructure. In addition to domestic development projects, CITIC Group also promptly expanded its overseas business, such as the subsequent Tehran Metro and aid projects in Africa.

The most important thing for CITIC Group was that they undertook the infrastructure project of the Beijing Bird's Nest in 2003. The Bird's Nest is of great significance to our country. It helped us realize the 100-year Olympic dream. Chinese athletes can give full play to their strength at home, which is inseparable from the construction of CITIC Group behind the scenes.

Twelve years later, in 2015, CITIC Group took on another far-reaching project, the Belt and Road Initiative. Many construction projects along the entire economic belt were completed by CITIC Group. But if you think that CITIC Group is only engaged in infrastructure, you are wrong.

CITIC Group's business scope spans across multiple fields, among which CITIC Bank and CITIC Securities are the most well-known. There is no doubt that CITIC Group is also a Fortune 500 company, and its revenue is nearly 620 billion RMB, which is enough to stand out from the crowd worldwide.

The backbone of the military industry—Poly Group

Poly Group, which means "defending victory", is a company jointly established by the People's Liberation Army and CITIC Group. Initially, it was responsible for the import and export trade of armaments. Later, with the development of the times, Poly Group began to dabble in other fields and made great progress.

In the 1980s and 1990s, Poly Group imported a variety of military equipment for my country, providing tremendous support for the PLA's national defense modernization and its efforts to catch up with the world's advanced technology.

Poly Group is involved in the import of weapons and equipment ranging from the navy to the army, air force and missile defense systems.

As for export, the famous Dongfeng 3 missile was negotiated between Poly Group and Saudi Arabia. After Nan Fang's speech, Poly Group changed its business model and no longer focused on military industry.

Instead, the company changed its business model to "one business with multiple operations", relying on one main business while developing multiple side businesses to build a comprehensive business empire. It involves multiple industries such as real estate, logistics, communications, and tourism, and truly became a leader in the industry.

These four groups are China's "Four Major Financial Groups". They are the key to China's rapid economic development. Their development history is full of legends and cannot be replicated. But they have one thing in common, that is, they are all led by the Communist Party of China.

Conclusion

The establishment of these four major groups are closely related to our party. They either provided logistical support for our party during the War of Resistance against Japanese Aggression or served as the vanguard during the construction of New China.

They have played a vital role in every era, and they will continue to contribute to the construction of the motherland in the future.

The reputation of the "Big Four" is well-known internationally. They represent China's strength and shine in their respective fields.