As the earliest commercial corporation entering the import
and export business, the Shanghai Shenhong Corporation is one of the most influential and largest trading groups in
Shanghai as well as in China.
Corporation comprises 26 important enterprises which were either formerly attached to the central
government or which operated under the other large commercial groups in
Shanghai. It has cross-regional, multifunction and inter-linking business units covering
various industries throughout China. With wide and intimate connections to the Shanghai business
community, it has established many partnerships with other
important enterprises based on mutual benefit and co-operation.
Corporation engages in a range of activities including commodity and
technology import and export; manufacturing and processing of goods according to
specifications, samples and materials from abroad; organising delegations
to participate or visit trade shows and exhibitions abroad; business
consulting; and wholesaling and retailing services for foreign clients.
Groceries, garments and
shoes, knitwear, food and beverage, agricultural products and local
specialties, household electrical appliances, metal vessels, hardware
and decorative materials, mechanical equipment, electronic equipment,
chemical products and medicine, light-industry products and handicrafts,
construction materials, black and rare metals, industrial materials etc.
totalling 40 categories and 1,200 items.
Large volume of import
Starting from 1994, Shanghai Shenhong Corp. has continuously ranked in
the top 50 import and export enterprises in Shanghai. It is also
listed in the national top 500 import and export companies. The total
import and export revenue in 1999 was USD58.33 million.
Strong capital support
The corporation's bank credit is over RMB100 million and is
classified as A grade. In 1999 the collected foreign currency was USD43.67 million which was 93.59% of the total contract value. The corporation received an award from the Shanghai Municipal Economic
Relation and Trade Commission and Shanghai Foreign Currency Exchange
Administration Bureau, for their guaranteed safety in collecting
Corporation is a strategic partner of AgrifoodAsia working together to build
Sino-Foreign business structures, mechanisms, channels, networks and
partnerships essential for making agrifood business happen between
China and foreign countries
The corporation has branch companies in Singapore and Korea. It has
business relationships with 69 countries and regions around the world. It
is able to act as agent for companies from abroad and the SARs.
The Shareholders of Shanghai
Shanghai Joint Trade Company
Shanghai Vegetable (Group) Co. Ltd.
Shanghai Special Steel Pipe Co. Ltd.
Shanghai Xiandai Music and Video Appliance Corp.
Shanghai Medical (Group) - Chemical Reagent Company
Qingpu Accounting Product Shenhong Sales Department
Shanghai No. 1 Department Store - Knitwear Company
Hualian Group Household Electric Appliance Co. Ltd.
Shanghai Culture Product Corp.
Shanghai Hardware Corp.
Shanghai Commerce Development Corp.
Shanghai Commodities Corp.
Shanghai Commercial Network Development Trade Co. Ltd.
Shanghai Ruihua Enterprises Development Corp.
Food and Agriculture Related Companies and Groups:
Shanghai Baxian Group Corp.
Shanghai Zhongshen Trade Co. Ltd.
Shanghai Friendship Co. Ltd.
Shanghai Aquatic Product (Group) Co. Ltd.
Shanghai Food and Oil Trade Company.
Shanghai Foreign Vessel Supply Co. Ltd
Shanghai Qiaojiashan Drink and Food Corp.
Shanghai Commercial Logistic Co. Ltd.
Shanghai Xinya Group Trade Company
Shanghai Candy, Tobacco and Drink (Group) Co. Ltd.
Shanghai Marine Science Inst. - Fishing Machine Research Inst.
Shanghai Shenhong Corporation - AgrifoodAsia MOU