CMG eyes more B&R projects

State-owned conglomerate China Merchants Group (CMG) said it will step up efforts to explore opportunities in the Belt and Road Initiative and use its rich experience overseas to help develop local economies.

Founded in 1872, the Hong Kong-based company mainly covers three businesses - industry, finance, and capital investment and operations.

CMG is the developer and operator of the Shekou Industrial Zone in Shenzhen, which was the pioneer in the establishment of the country's first special economic zone.